June 21, 2021 Webinar
1:00pm – 2:00pm EDT
Register here.
Under Securities and Exchange Commission Chair Jay Clayton’s leadership, the SEC focused on a number of areas that were collectively termed “good corporate hygiene.” These subsumed policies related to trading in a company’s stock, especially the use of Rule 10b5-1 trading plans and the…
Today, the Office of Information and Regulatory Affairs released the Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions, which includes the Securities and Exchange Commission’s rulemaking agenda.
The rulemaking agenda identifies short-term and long-term actions to be taken by the SEC. There are a number of items that are noted in the final rulemaking…
During its meeting on June 10, the Securities and Exchange Commission’s Investor Advisory Committee held a panel discussion regarding 10b5-1 plans, welcoming three market participants and academics. As we previously blogged, SEC Chair Gary Gensler asked for recommendations for the Commission’s consideration on how to “freshen up Rule 10b5-1.”
Dr. Dan Taylor, Associate…
Today, speaking at a conference, Securities and Exchange Commission Chair Gary Gensler shared some thoughts regarding Rule 10b5-1 plans and how the SEC might “freshen up” the rule. The Chair noted that currently there is no required cooling off period required when an insider establishes a plan and then makes a first trade pursuant to…
The Securities and Exchange Commission recently announced that its Investor Advisory Committee will hold a public meeting on Thursday, June 10, 2021. The meeting will begin at 10:00 a.m. (ET) and will be open to the public and webcast. The agenda for the meeting includes a number of market structure related topics, but also features…
Today, Senators Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), and Chris Van Hollen (D-Md) released a letter from Securities and Exchange Commissioner Lee responding to the Senators’ letter (available here) from February 2021. The February 2021 letter from the Senators called on the Securities and Exchange Commission to review Rule 10b5-1, and asked that the…
Speaking in connection with the Practising Law Institute’s (PLI) Directors’ Institute on Corporate Governance, Securities and Exchange Commission Division of Corporation Finance Director, William Hinman, shared his views on a principles-based approach to disclosure requirements and to rulemaking. His remarks, which when read along with those of Chair Jay Clayton at the Economic Club and…
In his remarks this week to the Economic Club of New York, Securities and Exchange Commission Chair Jay Clayton reviewed the many rulemaking and other accomplishments of the SEC in recent years. Following the impressive recap, the Chair took time to identify a number of areas “in need of imminent improvements.” Though a new Chair…
On October 15, 2020, the US Securities and Exchange Commission (SEC) issued a cease and desist order (Order), settling charges against a registrant for controls violations relating to a stock buyback plan implemented during acquisition discussions. The company’s Board of Directors authorized stock repurchases in compliance with a policy that prohibited the company from buying,…
As the pandemic has taken hold, there has been a predictable decline in stock repurchase activity; however, many issuers are evaluating restarting their programs or undertaking new programs. In this What’s the Deal guide, we review the Rule 10b-18 safe harbor and its conditions, as well as the corporate law and disclosure considerations associated with…
