June 20, 2023 Webinar
1:00 pm – 2:00 pm ET
Register here.
Earlier this year, the SEC re-proposed a rule to implement Section 27B of the Securities Act of 1933, a provision added by Section 621 of the Dodd-Frank Act.
This Dodd-Frank provision, intended to prohibit certain conflicts of interest in securitization transactions, is
The Securities and Exchange Commission will hold an open meeting on May 3, 2023 at 10 a.m., which will be available to via webcast, the link will be posted shortly before the start of the meeting on the SEC website.
The Division of Corporation Finance will present on share repurchase disclosure modernization. The Commission will
The Securities and Exchange Commission will host an open meeting on March 22, 2023 at 10 a.m, which will be open to the public via webcast on the SEC website. The Division of Investment Management will present on Enhancing Private Fund Reporting. The Commission will consider whether to adopt amendments to Form PF, the
The SEC’s Chief Accountant Paul Munter, released a statement “Accounting Standard Setting in a Rapidly Evolving Business Environment: A Focus on the Timely Delivery of Investor Priorities,” discussing improvements to Financial Accounting Foundation (“FAF”) and the Financial Accounting Standards Board (“FASB”) accounting standards and standard-setting processes since the SEC’s statement last year.
Since
CB Insights’ State of Insurtech 2022 provides a perspective on trends in the sector. In 2022, global insurtech funding fell over 50% to $8.4 billion, following 2021’s record-breaking total funding of $17.8 billion. With about $1 billion in funding, the fourth quarter of 2022 marked the lowest amount raised since the second quarter 2018.
Down
In the paper, “Unicorniphobia,” Alexander I. Platt counters the viewpoint held by many legal scholars and regulators, including the SEC, that unicorns pose regulatory, financial, and social risks. Many recent articles argue that unicorns pose concerns because: they are not subject to SEC reporting and SEC scrutiny and oversight; unicorn CEOs/founders are usually innovative but
In their study and accompanying paper, “The Jobs Act Did Not Raise IPO Underpricing” Omri Even-Tov, Panos N. Patatoukas and Young S. Yoon, review the effects of the JOBS Act on emerging growth company (EGCs) IPOs. The JOBS Act was signed into law in 2012, now ten years ago, and, among other things
The NYSE’s yearly statistics release highlights a second consecutive year of record new listings and the exchange’s increased focus on sustainability. This year’s listings added $1 trillion of new market capitalization to the exchange, with a total of 2,400 companies listed. Technology, biotech, and consumer products companies were prominently represented. Four of the five largest
In their article Insider Giving in Duke Law Journal, S. Burcu Avci, Cindy A. Schipani, H. Nejat Seyhun, and Andrew Verstein, use their dataset to illustrate the scope, strategies, and effects of insider giving. In this context, insider giving refers to shareholders with inside information and/or the ability to backdate their gifts donating securities to
In their dataset and working paper, titled The Rise of Dual-Class Stock IPOs, Dhruv Aggarwal, Ofer Eldar, Yael Hochberg, and Lubomir P. Litov, find that the rise in the number of dual-class IPOs is tied to the increase in bargaining power of founders. In recent years, before 2019, the public markets saw a decrease