- the nonpublic review process will be available for the initial registration of a class of securities under

Anna T. Pinedo
Anna Pinedo is a partner in Mayer Brown’s New York office and a member of the Corporate & Securities practice. She concentrates her practice on securities and derivatives. Anna represents issuers, investment banks/financial intermediaries and investors in financing transactions, including public offerings and private placements of equity and debt securities, as well as structured notes and other hybrid and structured products.
Lawmakers Ask SEC Acting Chair Uyeda to Review Approach to Consolidated Audit Trail
On February 28, 2025, House Financial Services Committee Chairman French Hill (R-AR), Senate Banking Committee Chairman Tim Scott (R-SC), and Senator Tom Cotton (R-AR) sent a letter (the “Letter”) to Securities and Exchange Commission (the “Commission”) Acting Chair Mark Uyeda requesting that the Commission launch a comprehensive review of all aspects of the Consolidated Audit…
Private Placements & Hybrid Securities 2025
Join us at the Practising Law Institute’s Private Placements and Hybrid Securities Offerings 2025 conference.
This annual conference provides an overview of the legal framework applicable to private and exempt offerings, covering the basics of private placements, resales of restricted securities, Rule 701, Rule 144, Section 4(a)(1-1/2) transactions and block trades, and private secondary transactions. …
SEC Extends Compliance Dates and Provides Temporary Exemption for Rule Related to Clearing of U.S. Treasury Securities
On February 25, 2025, the SEC extended the compliance dates for Rule 17ad-22(e)(18)(iv)(A) and (B) under the Securities Exchange Act for eligible cash market transactions by one year to December 31, 2026, and for eligible repo market transactions to June 30, 2027. The SEC issued a cancellation notice for its originally scheduled February 26, 2025…
House Financial Services Committee Hearing Today at 10 AM ET: Anna Pinedo to Testify
Watch the US House of Representative’s Financial Services Committee hearing entitled “The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor Access and Facilitating Capital Formation” today at 10 AM ET. The hearing will consider over thirty bills, which address aspects of the IPO market, access to the public markets by smaller…
SEC to Review Clearing Rule Compliance for U.S. Treasury Securities Amid Industry Concerns
The SEC is set to hold an open meeting on February 26, 2025, to discuss extending compliance deadlines and granting temporary exemptions for covered clearing agencies (CCAs) handling U.S. Treasury securities. This review focuses on Rule 17ad-22(e)(18)(iv)(A) and (B) and a temporary exemption for Rule 17ad-22(e)(6)(i) and Section 19(g) under the Securities Exchange Act of…
Anna Pinedo to Testify Before House Financial Services Committee
Mayer Brown’s Anna Pinedo will testify before the US House of Representative’s Financial Services Committee in a hearing entitled “The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor Access and Facilitating Capital Formation” on Wednesday, February 26, 2025, at 10:00 AM.
Read more on the Committee’s website: https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=409469
FINRA Publishes 2025 Annual Regulatory Oversight Report
The Financial Industry Regulatory Authority, Inc. (“FINRA”) published its 2025 Annual Regulatory Oversight Report (the “Report”), which builds on the structure and content of FINRA’s prior reports for 2021-2024. This year, the Report adds new topics relating to the third-party risk landscape, registered index-linked annuities and extended hours trading. The Report also includes new content…
SEC Drops Appeal of “Dealer Rule” Litigation
On February 19, 2025, the Securities and Exchange Commission (the “Commission” or “SEC”) dropped its appeal of a ruling by the U.S. District Court for the Northern District of Texas (“District Court”) on November 6, 2024 that struck down the Commission’s “Dealer Rule.”
The Dealer Rule, adopted by the SEC on February 6, 2024, further…
Sustainable Commercial Paper: Short-Term Paper, Long-Term Impact
Over the past few years, we have seen growing interest in Commercial Paper (CP) programmes with a sustainable focus.
Traditionally used by corporations, financial institutions, sovereigns, and other issuers for short-term liquidity needs, CP is now being adapted to align with environmental, social, and governance (ESG) objectives.
The International Capital Market Association (ICMA) has recognised…