On Wednesday, April 8, the Securities and Exchange Commission will hold an open meeting in order to consider whether to adopt rule and form amendments in order to modernize the offering framework for business development companies (BDCs) and closed end funds (CEFs), which were proposed in March 2019 (proposing release No. 33-10619).
The SEC was…
Time and technology often conspire to make our existing views and approaches seem dated. It’s inevitable, and such is the case with the regulations that address permissible communications by issuers. The securities laws regulating communications by issuers have not undergone many revisions since Securities Offering Reform in 2005 despite the fact that the ways in…
Thursday, August 2, 2018
1:00 p.m. – 2:00 p.m. EDT
With companies remaining private longer, their stockholder base often becomes more widely dispersed. More and more privately held companies are facing interesting challenges in communicating effectively with various stakeholders, without violating securities laws. During this session, Partner Anna Pinedo will address the following:
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The Senate Banking Committee recently considered various securities-related bills, including the following:
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The use of social media raises many securities law and compliance challenges for issuers, broker-dealers, and investment advisers. This Compliance Guide summarizes briefly some key considerations.
Read the Social Media Compliance Guide.
There are a number of legislative proposals making their way through the House, including: H.R. 5054, the Small Company Disclosure Simplification Act of 2018, which provides EGCs and smaller reporting companies an exemption from xBRL requirements (referred to in our prior blog post), H.R. 6035, the Streamlining Communications for Investors Act, which is a…
In a recent paper, authors Onur Bayar, Thomas J. Chemmaur and Paolo Fulghieri consider whether allowing insiders with nonpublic information to disclose such information prior to selling their securities. The paper discusses the communications prohibitions applicable prior to, and in close proximity to, securities offerings, as well as some communications safe harbors. The authors…
