On November 15, 2022, the Securities and Exchange Commission announced its enforcement results for fiscal year 2022. Fiscal year 2022 was a significant year for the SEC as it levied over $6.4 billion in penalties and disgorgement – an SEC record. These fines and penalties came from 760 enforcement actions filed during the fiscal year
Securities Regulation
Corporate Hygiene: Recent Developments Impacting Share Buybacks
By Hanson Hairihan on
October 14, 2022 Webinar
1:00pm – 2:00pm EDT
Register here.
Hosted by PLI, this briefing will provide an overview of the regulatory framework relating to company share buybacks, including the Rule 10b-18 safe harbor. During this session, Mayer Brown lawyers Anna Pinedo, Laura Richman, and Brennan Young will also discuss different ways companies may…
New Edition of Exempt & Hybrid Securities Offerings Book
By Anna T. Pinedo on
The fourth edition of Exempt and Hybrid Securities Offerings, which is a three-volume treatise, that provides comprehensive guidance on structuring exempt and hybrid securities offerings was recently published by the Practising Law Institute.
Updating the treatise (which was last updated in 2017) was a chore, given it is about 4,000 pages of content and…
Rethinking Securities Law
By Hanson Hairihan on
September 28, 2022 Webinar
12:00pm – 1:30pm CST
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The SMU Rowling Center for Business Law & Leadership presents this panel based on Professor Marc I. Steinberg’s recent book Rethinking Securities Law (Oxford University Press), which was awarded Winner Best Law Book of 2021 by American Book Fest. In addition to Professor Steinberg…
SEC Rulemaking Agenda
By Anna T. Pinedo on
Posted in SEC News, Securities Regulation
Yesterday, the SEC’s spring regulatory flexibility agenda was published (see: Agency Rule List – Spring 2022). The agenda is very ambitious and includes a wide range of items. Based on the agenda, which is indicative as to timing, proposed rules relating to human capital are slated for October 2022, while proposed rules relating to…
What’s the Deal? – Form 8-K
By Ryan Castillo & James Alford on
What do bankruptcy, mine safety violations, change in control and asset acquisition have in common? Each may trigger a public company’s obligation to file a Form 8-K. All U.S. reporting companies are responsible for filing Forms 8-K with the SEC to disclose recent material transactions or occurrences. What reportable events trigger a Form 8-K filing? …
Recalibrating Regulation of Private Markets?
By Anna T. Pinedo on
In various public statements of late, representatives of the Securities and Exchange Commission have noted concern regarding the growth of the private markets. The statements have pointed to the fact that fundraising in the private markets has surpassed fundraising in the public markets. For example, a recent speech cited statistics that private assets under management…
SEC Proposes a “Sea Change” Set of New Rules Applicable to SPACs and Other Market Participants
On March 30, 2022, the Securities and Exchange Commission (the “SEC”) proposed new rules and amendments to existing rules and forms (the “Proposed Rules”) addressing the treatment of special purpose acquisition companies (“SPACs”) in connection with their initial public offerings (“IPOs”) and subsequent de-SPAC transactions. Comments on the Proposed Rules are due 30 days after…
PLI’s Private Placements and Hybrid Securities Offerings 2022
March 31 – April 1, 2022 Webinar
Register here.
Mayer Brown invites you to the Practising Law Institute’s Private Placements and Hybrid Securities Offerings 2022 virtual conference.
Private Placements and Hybrid Securities Offerings 2022 will cover the basics of private placements, resales of restricted securities, Section 4(a)(1-1/2) transactions and block trades. The program will…
Chair Gensler Congressional Testimony Sheds Light on Potential Regulation
By Anna T. Pinedo on
Today, for the first time as Chair of the Securities and Exchange Commission, Gary Gensler appeared before Congress to provide testimony regarding the market disruptions and volatility witnessed in January 2021 relating to GameStop and other securities. Chair Gensler identified seven factors contributing to market volatility: gamification and user experience; payment for order flow; equity…