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New Topics and Content Highlight FINRA's Increased Focus on Cybersecurity, Crypto Assets, Artificial Intelligence, Market Integrity, Off-Channel Communications and Other Key Risk Areas On January 9, 2024, the Financial Industry [...]

January 17, 2024 - This is a reminder that on October 10, 2023, the Securities and Exchange Commission ('SEC') adopted amendments to modernize the rules governing beneficial ownership reporting under [...]

As the subscription economy continues to grow towards a predicted $1.5 trillion by 2025, the number of laws and regulations with which a business offering subscriptions must comply also continues [...]

Executive Summary Our Securities and Privacy, Cyber & Data Strategy teams unpack the Department of Justice's (DOJ) process for companies seeking to delay Form 8-K disclosures under the Securities and [...]

On December 12, 2023, the Department of Justice (DOJ) issued guidelines for companies to follow in requesting that the Attorney General authorize delays of cyber incident disclosures required by the [...]

What Is the Difference? On August 23, 2023, the Securities and Exchange Commission (SEC) adopted new rules (and amendments to existing rules) under the Investment Advisers Act of 1940 (Advisers [...]

On Oct. 13, 2023, the SEC adopted new rule 13f-2 ('Rule 13f-2') of the Securities Exchange Act of 1934, as amended ('Exchange Act').1 Rule 13f-2 requires institutional investment managers to [...]

Applies Broadly to A Wide Range of Equities Compliance Delayed One Year to Permit Fund Systems Updates On October 13, 2023, the Securities and Exchange Commission adopted new Rule 13f-2 [...]

On October 10, 2023, the Securities and Exchange Commission (SEC) adopted final amendments to the rules that govern beneficial ownership reporting and provided guidance on the application of those rules. [...]

On October 13, 2023, the Securities and Exchange Commission (the 'SEC') adopted a new disclosure regime that requires investors to report information about certain short sales to the SEC.1 New [...]

On October 13, 2023, the SEC issued a release (the 'Release') adopting new Rule 10c-1(a) (the 'Rule') under the Exchange Act 'to increase the transparency and efficiency of the securities [...]

On July 1, 2023, the first reporting period for disclosure on Form N-PX of proxy votes regarding certain executive compensation matters began for institutional investment managers that file Form 13F [...]

Kelley Howes spoke to the Private Equity Law Report about the Securities and Exchange Commission's (SEC) proposed Rule 223-1 under the Investment Advisers Act of 1940 to amend and replace [...]

Asserting that the company misstated the scope of data stolen in the cyberattack, the SEC provides a clear reminder that cybersecurity disclosures remain an agency priority. On March 9, 2023, [...]

The SEC's Fall 2022 'Reg Flex' agenda was recently published by the federal Office of Information and Regulatory Affairs (OIRA). Chair Gensler sets the agency's agenda, which provides a glimpse [...]

Last month, we issued an alert noting that the Reddit/meme stock short-selling saga of January 2021 may change the U.S. equity markets. Now, less than a year after that frenzy [...]

Capital Markets Act 1. Background On February 2020 the Ontario government formed the Capital Markets Modernization Taskforce (the 'Taskforce') to seek advice and input from people and organizations on modernizing [...]

The Israeli Securities Authority issued an advance ruling paper, finding that cryptocurrency is a security subject to the Israeli Securities Law. The Authority's position was delivered in an advance ruling [...]

An SEC proposal to amend registration exemptions related to securities issued by non-reporting companies for certain compensation plans was published in the Federal Register. According to the SEC, the proposed [...]

In what is described as an attempt to provide more clarity to whistleblowers and increase efficiency and transparency, on September 23, 2020, the Securities and Exchange Commission (the 'SEC') voted [...]

On August 20, 2020, the Canadian Securities Administrator (CSA) published a notice announcing amendments to National Instrument 51-102 (Continuous Disclosure Obligations) and the companion policies related to the Business Acquisition [...]

In a three-to-two vote, the U.S. Securities and Exchange Commission adopted a final rule amending its whistleblower program, which pays monetary awards to individuals who voluntarily provide information to the [...]

At an open meeting last week, the SEC voted (once again, three to two) to adopt highly controversial amendments to the requirements for submission of shareholder proposals in Rule 14a-8. [...]

With a vote split down party lines, on September 23, 2020, the Securities and Exchange Commission (SEC) approved several amendments to rules governing its Whistleblower Program. The purpose of the [...]

On Wednesday, the SEC voted (by a vote of three to two) to adopt amendments to the rules related to its whistleblower program. The program provides for awards in an [...]

Davies has submitted a comprehensive comment letter to the Capital Markets Modernization Taskforce (Taskforce) in response to the consultation report published by the Taskforce on July 9, 2020 (Report). The [...]

President Donald J. Trump directed the President's Working Group on Financial Markets ('PWG') to provide recommendations that address Chinese companies' audit failures. In a 'Memorandum on Protecting United States Investors [...]

The Staff of the Securities and Exchange Commission's Division of Corporation Finance provided additional guidance regarding some of the COVID-19 related relief in the form of several questions and answers, [...]

On March 25, 2020, the Division of Corporate Finance of the Securities and Exchange Commission published guidance on disclosure obligations of companies with respect to COVID-19 and related disruptions. The [...]

An SEC proposal to 'modernize, simplify, and enhance' certain Regulation S-K financial disclosure requirements was published in the Federal Register. Comments must be received by April 28, 2020. As previously [...]

The Securities and Exchange Commission ('SEC') and Financial Industry Regulatory Authority ('FINRA') recently issued guidance in connection with firms' relationships with third-party service providers. These publications serve as a reminder [...]

As reported on Columbia Law School's Blog on Corporations and the Capital Markets, the Bharara Task Force on Insider Trading, chaired by former U.S. Attorney for the SDNY, Preet Bharara, [...]

As a member of the Bharara Task Force on Insider Trading, Litigation and White Collar partner Katherine Goldstein recently co-authored a report which makes recommendations to improve and clarify insider [...]

An SEC proposal to amend the definitions of 'accredited investor' in Rule 501(a) of Regulation D and 'qualified institutional buyer' under Rule 144A to increase accessibility to private capital markets [...]

Recently, SEC Chief Accountant Sagar Teotia hinted at possible forthcoming changes to the auditor independence rules, remarking that, in connection with the recent changes related to lending relationships, the SEC [...]

On September 25, 2019, the Federal Trade Commission ('FTC' or 'Commission') published an Advance Notice of Proposed Rulemaking calling for public comment on the need to amend the current 'Rule [...]

The SEC proposed two new rules intended to encourage broker-dealers to publish research reports on certain SEC-registered investment companies. Under proposed Securities Act Rule 139b, a covered investment fund research [...]

4.1 The United States of America According to the legal framework of the US, the fundamental provisions relating to insider trading are Security and Exchange Commission Rules (SEC) Rule 10 [...]

On July 25, 2017, the SEC issued an investigative report to advise those who have used or may consider using a virtual organization or capital raising entity that uses distributed [...]

In this article, published by The Investment Lawyer, Lorraine Echavarria discusses the benefits of self-reporting violations to the Securities and Exchange Commission (SEC); the SEC's treatment of different types of [...]

On July 25, the Securities and Exchange Commission (SEC) published a report opining on the practice of initial coin offerings (ICOs). Insight into regulators' views on ICOs has been long [...]

Read online or download the full update here. The U.S. Securities and Exchange Commission ('SEC') recently published an investigative report (the 'Report') that places issuers or sponsors of digital assets [...]

On July 25, 2017, the U.S. Securities and Exchange Commission ('SEC') issued a report concluding that blockchain tokens offered and sold by 'The DAO', a virtual organization, were securities and [...]

As part of the Securities and Exchange Commission's Disclosure Effectiveness Initiative - the SEC's comprehensive project to reevaluate disclosure requirements - the SEC recently proposed new rules that would require [...]

ANGOLA: Securities Code Regulations enacted The Securities Code Regulation (Regulation No. 6/16) (the 'Regulation') was approved by the Council of Administration of the Capital Market Commission and gazetted on 7 [...]

The staff of the Securities and Exchange Commission ('SEC') recently released a study on the cross-border scope of the private right of action under Section 10(b) of the Securities Exchange [...]

Originally published on International Law Office Introduction The Securities and Stock Exchange Act provides for a mandatory offer obligation in the event that a shareholder or a group of shareholders [...]

Edited by David Di Paolo On September 28, 2011, the Ontario Securities Commission (the 'Commission') released its long awaited decision In the Matter of Coventree Inc., Geoffrey Cornish and Dean [...]

Edited by David Di Paolo On September 28, 2011, the Ontario Securities Commission (the 'Commission') released its long awaited decision In the Matter of Coventree Inc., Geoffrey Cornish and Dean [...]

Article by Eric Fischer , Jackson Galloway and Elizabeth Shea Fries The SEC and the CFTC proposed joint rules (the 'Proposed Rules') that would implement provisions of the Dodd-Frank Act [...]