On May 5, 2026, the U.S Securities and Exchange Commission (the “SEC”) published a long-awaited release (the “Proposing Release”) proposing changes to certain rules which, if adopted, will allow (but not require) registrants to file semiannual reports on new Form 10-S in lieu of quarterly reports on Form 10-Q to meet their interim reporting obligations
“FINRA Forward: A Year of Progress” Report Highlights Achievements and Foreshadows Upcoming Proposals
In April 2026, FINRA published its report titled “FINRA Forward: A Year of Progress,” which provides a recap of the regulatory changes implemented by FINRA as part of its rule modernization initiative. The report also provides insight into pending rule proposals and other policy initiatives.
Rule Changes and Guidance
FINRA highlights significant rule changes, including
Fine Print: A Conversation between Joanna Stern and Ian Krietzberg
Book Talk | Register here.
May 13, 2026 | 5:30 p.m. – 7:30 p.m. ET
The EDITION Times Square, The Terrace Restaurant (Garden West), 701 7th Ave, New York
Join us for Fine Print—Mayer Brown, together with Puck, will host periodic conversations with finance and technology leaders. Big ideas deserve a bigger audience.
SEC Proposes Optional Semiannual Reporting Framework for Public Companies
Today, the Securities and Exchange Commission (the “SEC”) proposed a rule and form amendments that would allow public companies to file semiannual reports to meet their interim reporting obligations under Sections 13(a) and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) , as well as related amendments to certain financial
SEC Issues Exemptive Relief Permitting 10 Business Day Tender Offers for Equity Securities
On April 16, 2026, the Division of Corporation Finance (the “Division”) of the Securities and Exchange Commission (“SEC”) issued an exemptive order allowing certain qualifying tender offers for equity securities to remain open for a minimum of 10 business days, instead of the 20 business days required under the Securities Exchange Act of 1934 (the
Pre-IPO to IPO: Communications & IR Readiness
Webinar | April 22, 2026
12:00 p.m. – 1:00 p.m. ET
Register here.
As mature private companies grow larger and more complex, a sophisticated investor relations strategy becomes essential. Clear, differentiated communications, paired with strong media visibility, can help strengthen reputational capital and even influence market valuation as companies move toward a liquidity event.
Rulemaking Petition on Communications Rules
A rulemaking petition filed recently highlights the need to address the communications safe harbors. The Securities and Exchange Commission has not reviewed the rules and regulations relating to social media under the securities laws since 2000. The last comprehensive review of the rules relating to offering related communications and safe harbors was Securities Offering Reform
Private Secondary Markets and Sponsored Liquidity Programs
Webinar | April 1, 2026
12:00 p.m. – 1:00 p.m. ET
Register here.
As companies remain private longer, the importance of the private secondary market continues to grow. Well over $60 billion in transactions are being effected through various platforms, and this does not account for other secondary transaction volume.
During this session, representatives
FINRA Proposes Amendments to Communications Rule to Permit Use of Projections
FINRA’s proposal would expand investor access to performance projections and targeted returns to more closely align FINRA Rule 2210 with the IA Marketing Rule
The Financial Industry Regulatory Authority, Inc. (“FINRA”) recently filed with the U.S. Securities and Exchange Commission proposed amendments (the “Proposed Amendments”) to FINRA Rule 2210 (Communications with the Public) to permit
Joint Interpretation from the SEC and CFTC on Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets
On March 17, 2026, the Securities and Exchange Commission issued an interpretation that provides guidance regarding how the federal securities laws apply to certain crypto assets and to certain transactions involving crypto assets. Consistent with the recent MoU between the agencies, the Commodity Futures Trading Commission joined in this interpretation and guidance confirming that