At a recent conference, Securities and Exchange Commission Chair Gary Gensler gave wide-ranging remarks addressing market structure issues, LIBOR and other rates, and the Commission’s regulatory agenda.
Addressing regulatory initiatives relating to public company disclosures, Chair Gensler noted he has asked the Staff to put together recommendations on mandatory company disclosures on climate risk and
We are pleased to announce our latest resource, Writing on the Wall, offering explanations and definitions for over 800 securities, capital markets, derivatives, structured finance and financial services terms and phrases.
Access the glossary at www.writingonthewall.com, or wherever you see our icon, and suggest new terms to be added.
Today, the Office of Information and Regulatory Affairs released the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions, which includes the Securities and Exchange Commission’s rulemaking agenda.
The rulemaking agenda identifies short-term and long-term actions to be taken by the SEC. There are a number of items that are noted in the final rulemaking
Today, speaking at a conference, Securities and Exchange Commission Chair Gary Gensler shared some thoughts regarding Rule 10b5-1 plans and how the SEC might “freshen up” the rule. The Chair noted that currently there is no required cooling off period required when an insider establishes a plan and then makes a first trade pursuant to
Rule 502(c) of the Securities Act of 1933, as amended (the “Securities Act”), prohibits an issuer from offering or selling securities by any form of general solicitation or general advertising when conducting certain offerings exempt from registration under the safe harbors provided under Regulation D of the Securities Act. Many have felt that, over the
The Securities and Exchange Commission recently announced that its Investor Advisory Committee will hold a public meeting on Thursday, June 10, 2021. The meeting will begin at 10:00 a.m. (ET) and will be open to the public and webcast. The agenda for the meeting includes a number of market structure related topics, but also features
As part of the Securities and Exchange Commission’s amendments to the exempt offering framework, which amendments became effective in March 2021, the SEC, among other things, aligned the bad actor disqualification provisions in Regulation A, Regulation D, and Regulation CF. Our updated resource provides an overview of the bad actor disqualification provisions applicable in connection
Last week, the updated form to be used by placement agents in connection with private placements that is required to be filed with FINRA pursuant to Rule 5123 became effective. As we had previously blogged, FINRA has amended the filer form in connection with private placements by adding additional questions. In addition, the updated
Today, Senators Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), and Chris Van Hollen (D-Md) released a letter from Securities and Exchange Commissioner Lee responding to the Senators’ letter (available here) from February 2021. The February 2021 letter from the Senators called on the Securities and Exchange Commission to review Rule 10b5-1, and asked that the
And so it begins. There have been two recent speeches from Commissioners touching on the private markets; Commissioner Lee’s was the most recent and most specific. The Commissioner suggests that the Securities and Exchange Commission consider modernizing the accredited investor wealth thresholds. She points out that the income and net worth thresholds have not been