Capital Markets & Securities Law Watch
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October 3, 2024
|3 min read
SEC Charges Public Company with Regulation FD Violation over CEO’S Social Media Posts
The Securities and Exchange Commission (SEC) recently charged a public company with violations of Regulation Fair Disclosure (“Regulation FD”) stemming from social media posts by the company’s CEO. These charges are evidence of a trend toward increased Regulation FD enforcement by the SEC.
October 27, 2022
|2 min read
SEC Chair Recommends Greater CFTC Authority Over Stablecoins
On October 14, 2022, Securities and Exchange Commission (SEC) Chair Gary Gensler recommended that Congress broaden the authority of the Commodity Futures Trading Commission (CFTC) with regard to stablecoins. Gensler’s statements are consistent with recent pushes for increased regulation of cryptocurrency generally.
July 21, 2022
|4 min read
SEC Proposes Amendments to Shareholder Proposal Rule
On July 13, 2022, the SEC proposed amendments to Rule 14a‑8, the shareholder proposal rule, to modify three of the bases for excluding shareholder proposals from a company’s proxy materials.
July 18, 2022
|3 min read
On July 13, 2022, the SEC adopted amendments to the 2020 proxy rules governing proxy voting advice applicable to proxy advisory firms, or proxy voting advice businesses (“PVABs”). (You can find our blog post about the 2020 rules here).
July 5, 2022
|4 min read
SEC Staffing Up for a New Era of Crypto Control
On May 3, 2022, to address issues relating to unregulated digital assets, the Securities and Exchange Commission (SEC) announced the hiring of new investigative agents, including investigative staff attorneys, trial lawyers, and fraud analysts, to crack down on bad actors in the crypto space.
April 4, 2022
|15 min read
SEC Proposes Sweeping New Regulations of SPAC Transactions
On March 30, 2022, the Securities and Exchange Commission (SEC) published proposed regulations regarding special purpose acquisition companies (SPACs) that, if adopted, will increase the potential liability for SPACs, SPAC underwriters and target companies participating in SPAC business combination (de-SPAC) transactions. The proposed rules would add specialized disclosure obligations for SPACs in connection with their initial public offerings (IPOs) and in de-SPAC transactions. The SEC has also proposed a safe harbor under which SPACs would not be deemed to be investment companies under the Investment Company Act of 1940 (ICA), subject to meeting certain conditions. The proposed rules are subject to a 60-day public comment period.