In May, the Public Company Accounting Oversight Board (“PCAOB”) posted a preview of its staff’s observations made in relation to audits conducted in 2018. The PCAOB highlighted several common deficiency areas that auditors should focus on improving, including Internal Control over Financial Reporting, Risk Assessment and Revenue, and Accounting Estimates. The PCAOB focused on instances
Raffi Garnighian
SEC Requests Comments on New Listing Requirements for Nasdaq Offerings Under Tier 2 of Regulation A
By Raffi Garnighian on
In April, the Securities and Exchange Commission (the “SEC”) announced that it is soliciting comments on a proposed rule change submitted by The Nasdaq Stock Market LLC (the “Nasdaq”) that will impose additional requirements for companies listing in connection with offerings under Tier 2 of Regulation A under the Securities Act of 1933 (the “Securities…
Legal Update: SEC Expands Regulation A Exemption to Exchange Act Reporting Companies
By Anna T. Pinedo, Michael L. Hermsen, Laura D. Richman, James B. Carlson, Raffi Garnighian & Martín M. Estrada on
Posted in Regulation A, SEC News
On December 19, 2018, the US Securities and Exchange Commission (the Commission) amended Rule 251 and Rule 257 of the Securities Act of 1933, as amended (the Securities Act), which are part of Regulation A, in order to allow companies subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act…