On June 25, 2024, the Securities and Exchange Commission (the “SEC”) charged an advanced materials company and its former executive officers with market manipulation, fraud and other securities law violations. The charges related to the alleged artificial inflation of the price of the company’s shares and the issuance and sale of shares through the company’s
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Top 10 Practice Tips: Debt Tender Offers
By Anna T. Pinedo & Ana Estrada on
This practice note provides 10 tips for issuers who want to conduct a debt tender offer for cash, which is a way of repurchasing their debt securities from the holders. The document explains how to avoid triggering the SEC’s tender offer rules by limiting the amount and number of securities, negotiating the price individually, and…
White Paper: The Final Stretch: Securitization in the US Under the Proposed Basel III Endgame Rules
On July 27, 2023, the US banking regulators issued a proposal to significantly revise the risk-based capital requirements applicable to large banks and to banks with significant trading activity. The proposal, which is colloquially referred to as “Basel III Endgame” or “Basel IV,” includes important changes to the calculation of credit risk weights for securitization…
Global Financial Markets Podcast Series: How Capital Markets May Be Affected by the US Basel Endgame Proposal
By Matthew Bisanz & Anna T. Pinedo on
In late July 2023, US banking agencies released proposals to significantly revise the risk-based regulatory capital requirements for certain midsize and larger US banking organizations, and change how the capital surcharge is calculated for global, systemically important banking organizations. These proposals are critical, as the amount of capital a bank must maintain with respect to…