In another special purpose acquisition company (“SPAC”) related enforcement action, on December 21, 2021, the US Securities and Exchange Commission (“SEC”) issued an order instituting cease-and-desist proceedings (“Order”) against a Nasdaq-listed electric vehicle truck manufacturing company that went public through a combination with a SPAC (“Company”). The Company’s initial business combination was consummated in June
The Social Media Guide: Social Media Compliance for Issuers, Broker-Dealers, & Investment Advisers
You are an issuer, investment adviser, or broker-dealer. You want to communicate to the public about securities. Should you (a) type a letter and drop it in the mailbox; (b) chisel out a prospectus on two stone tablets; or (c) use social media?
If you chose (c),
Chair Gensler Congressional Testimony Sheds Light on Potential Regulation
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
Preparing Boards for CEO Social Media Do’s & Don’ts
Corporate Secretary Webinar
May 1, 2019
11:30am – 12:00pm ET
As recent events have shown, CEOs’ activity on social media platforms such as Twitter can raise serious regulatory and reputation issues for both themselves and their company. Saying the wrong thing or disclosing at the wrong time can raise concerns ranging from potential violations of
Social Media and Corporate Communications
In a recent paper titled “The battle of social media platforms: The use of Twitter, YouTube and Instagram in corporate communication,” author Pawel Bilinski analyzes whether using social media channels helps investors interpret earnings information.
The study focuses on companies that are included in the FTSE 100 index and, within that, on earnings