During his remarks at a meeting of the International Bar Association’s Asset Management Industry Conference on Global Challenges and Opportunities in Boston, Commissioner Uyeda commented on investment research and the research rules.
Commissioner Uyeda commented favorably on the United Kingdom’s Financial Conduct Authority’s consultation on modifying certain research unbundling rules required by the UK Markets
On March 5, 2024, the House will consider capital formation related legislation, H.R. 2799. This was originally introduced in April 2023 and reported out in July 2023. It is comprised of 19 separate bills. The House Financial Services Committee heard testimony on these bills in 2023, access my testimony on several of these bills.
According to data aggregated by Carta, an ownership and equity management platform, private capital raising trends noticeably shifted in 2022. Companies in Carta’s database raised $107 billion in 6,123 deals in 2022. Overall, deal count declined by 29% and capital raised dropped by 50% in 2022 compared to 2021. While venture deals in 2021 broke
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
The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation issued on December 16, 2022 its 2022 Annual Report to the U.S. Congress and to the SEC detailing how entrepreneurs, investors, and private and smaller public companies are engaging in capital raising. The Report provides a wealth of data from the
The CB Insights’ State of Venture Report for the third quarter of 2022 notes that global venture funding declined to $74.5 billion in the third quarter, down 58% from the funding peak in the fourth quarter of 2021. This represents a quarter-over-quarter contraction of 34%, the largest quarterly percentage drop in a decade, with the
The CB Insights’ recently-published Tech Valuations Report comments on technology company valuations trends and reports on a continued decline during the third quarter of the year. The report attributes this in part to continued cautiousness on the part of investors given market volatility.
The report indicates that median tech valuations dropped across most investment stages
In its recent white paper, “Climate Change Disclosure Report: From Omission to Commission,” Intelligize revisits the Securities and Exchange Commission (“SEC”) climate change-related disclosure guidance. The report notes that the SEC only has provided guidance twice, first in 2010 and again in 2021. The report expresses that the SEC’s 2010 interpretive guidance addressing companies’
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 a report issued by Pitchbook related to the SPAC market, quarterly trends show a recent dip. There were 317 SPAC IPOs completed in the first quarter of 2021, but a steep decline in the second quarter, with only 106 SPAC IPOs completed. Consistent with this trend, the third quarter has seen 111 SPAC IPOs.