Wednesday, July 18, 2018
1:00 p.m. – 2:00 p.m. EDT
The new administration began with calls for a repeal of the Dodd-Frank Act and related regulations. Over time, banking agency actions and legislation have brought about more measured regulatory changes. During our session, we will review the changes that have come as a result…
In his most recent testimony in Congress, the Securities and Exchange Commission Chair once again focused on retail investors. Chair Clayton cited a number of statistics regarding the level of retail participation in the capital markets. He noted that at least 51 percent of U.S. households are invested directly or indirectly in the U.S. capital…
Reports that the Securities and Exchange Commission was considering allowing companies that were undertaking IPOs to include mandatory arbitration provisions in their charters raised many concerns. While the inclusion of such provisions does not appear to be a priority for the Commission, the consideration has resulted in a series of letters between members of Congress…
In his article, author Merritt B. Fox considers the appropriate disclosure requirements in the context of public offerings, such as offerings made in reliance on Rule 506(c), Regulation A, and Regulation CF, undertaken by privately held companies as to which there is little or no previously available information, resulting in information asymmetries. He begins…
Congress has passed the Economic Growth, Regulatory Relief, and Consumer Protection Act, which principally addresses financial regulatory measures. The legislation also includes a number of securities law related provisions. For example, Section 503 requires that the SEC review the findings and recommendations of the annual SEC Government-Business Forum on capital formation and address the findings…
In recent remarks, Commissioner Peirce commented on capital formation, repeating some statistics about the decline in the number of IPOs in recent years and the relatively small number of public companies (about 4,500). She noted that many companies are able to raise capital in private placements or exempt offerings; however, fewer investors are able to…
Today, Bill Hinman, Director of the Commission’s Division of Corporation Finance testified to the House Financial Services Subcommmittee. Mr. Hinman provided an overview of the Division’s ongoing projects and its priorities. He noted that the Commission remains focused on capital formation related initiatives designed to promote interest in having more companies undertake IPOs. In this…
May 21 – 22, 2018
PLI New York Center
1177 Avenue of the Americas
(2nd Floor)
New York, NY 10036
Join PLI’s expert faculty of leading practitioners and regulators as they discuss and analyze the changing regulatory framework and market for private offerings. The faculty will begin by addressing the basics of private placements, sales…
The final report from the Forum session held last fall in Austin, Texas was recently published. The recommendations were consistent with those of prior such gatherings. We summarize the principal recommendations. First, the Forum recommends amendment of the accredited investor definition in order to expand the categories of qualification to include, regardless of net worth…
In March, the House approved by roll call vote (246 to 170) the Regulation A+ Improvement Act of 2017, H.R. 4263, which would amend Tier 2 of Regulation A to raise the offering threshold from $50 million to $75 million, subject to inflationary adjustments every two years by the Securities and Exchange Commission.
