Anna T. Pinedo

Anna T. Pinedo

Morrison & Foerster LLP

Contact  |  View Bio  |  RSS

Latest Publications

Share:

Promoting Job Creation Bill

The House of Representatives voted 320 to 102 to pass H.R. 5405 (Promoting Job Creation and Reducing Small Business Burdens Act) that contains a number of JOBS Act related measures that previously were the subject of...more

9/18/2014 - Emerging Growth Companies JOBS Act Small Business

Kind-a-Sort-a

In the last few days, we received a few inquiries regarding our prior post on the CFTC’s temporary relief permitting funds to engage in general solicitation to the text that the funds were conducting Rule 506(c) offerings or...more

9/15/2014 - CFTC Compliance DSIO General Solicitation Rule 144A Rule 506 Offerings SEC

CFTC’s (Sort-of) Relief for Funds Using General Solicitation

The CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO) issued a no-action letter that provides exemptive relief until the CFTC takes action on JOBS Act related amendments to its Part 4 Rules....more

9/11/2014 - CFTC DSIO General Solicitation JOBS Act No-Action Letters

Overcrowding?

This morning’s IFR US ECM Briefing reported on another significant IPO trend—the fact that over time it has become more common for IPO issuers to appoint several co-managers. ...more

8/21/2014 - IPO Issuers Startups

The JOBS Act and IPO Volume

An academic study titled “The JOBS Act and IPO volume: Evidence that disclosure costs affect the IPO decision” (Dambra, Field, and Gustafson, available through SSRN) provides an interesting analysis of the effect of the JOBS...more

8/19/2014 - De-Risking Disclosure Requirements Information Reports IPO JOBS Act

Structured Thoughts: Volume 5, Issue 6 - August 2014

In This Issue: - European Product Intervention - FINRA Speaks at 2014 Structured Retail Products Conference - FINRA Approves Amendments to Communication Rules – Relief from Filing for Certain...more

8/13/2014 - Class Action ESMA EU FINRA Investment Funds MiFID Retailers Structured Financial Products

Reg A+ Challenged Again

Another letter to the SEC from the Hill challenges the Regulation A+ proposal. This time, the authors question the authority of the SEC in defining “qualified purchaser” as an offeree or purchaser in a Tier 2 Reg A+...more

8/11/2014 - Bad Actors Compliance Disclosure Requirements EDGAR Qualified Purchaser Regulation A Rule 506 Offerings SEC

BIO Industry Group Comments on JOBS Act

The Biotechnology Industry Organization (BIO) issued a press release with the below infographic noted that this week marks a JOBS Act milestone with the 100th company to have gone public since the Act was passed. ...more

8/4/2014 - Biotechnology IPO JOBS Act Trade Associations

Tax Talk -- Volume 7, No. 2 -- July 2014

In This Issue: - As FATCA Begins, IRS Rolls out Withholding Forms, Increases IGA Count - IRS Issues Final Circular 230 Rules Simplifying Written Tax Advice Requirements - Mortgage CCA Raises More...more

7/30/2014 - Accounting Banks Bitcoins FATCA FBAR Fees Intergovernmental Agreements IRS Merchant Fees Mortgages OVDP Proposed Regulation REIT Reporting Requirements Section 956 Securities Stock Options Tax Advice U.S. Treasury

Disclosure Reform

Yesterday, the US Chamber of Commerce’s Center for Capital Markets Competitiveness hosted a half-day session on “Corporate Disclosure Reform: Ensuring a Balanced System that Informs and Protects Investors and Capital...more

7/30/2014 - Compliance Disclosure Disclosure Requirements SEC U.S. Commerce Department

Hearing on Oversight of the SEC’s Division of Corporation Finance

As we previously reported, the Director of the SEC’s Division of Corporation Finance, Keith Higgins, testified before the House Financial Services Committee on a broad range of matters, including the SEC’s progress in...more

7/28/2014 - Compliance Disclosure Requirements Dodd-Frank JOBS Act SEC

Post-JOBS Act IPO Trends

Earlier this month, we commented on some statistics regarding the number of IPOs and the IPO backlog (based on public filings). Here, we offer a few more insights into recent trends in the IPO market based on various...more

7/28/2014 - Crowdfunding IPO JOBS Act Regulation A Rule 506 Offerings Startups

JOBS Act Quick Start - A brief overview of the JOBS Act - 2014 Update

In This Issue: - Introduction - The IPO on-ramp - The IPO Process - Applying Title I to other transactions - Private offerings - Crowdfunding - Regulation A+ - Exchange...more

7/10/2014 - Crowdfunding Dodd-Frank IPO JOBS Act Regulation A Rule 506 Offerings SEC Securities Exchange Act Title III

New Senate Bill Introduced to Clarify Definition of General Solicitation

The text of S. 2498, introduced by Senator Murphy in late June, was finally released. The bill is titled the “HALOS Act”, or “Helping Angels Lead our Startups Act.” Angel investors have expressed concerns regarding the...more

7/8/2014 - Angel Investors General Solicitation Issuers Pending Legislation Rule 506(c) Startups

Investor Advisory Committee

On July 10, the Investment Advisory Committee will be meeting to consider various topics, including the definition of the term “accredited investor.” The Committee had previously discussed amendments to the natural persons...more

6/30/2014 - Accredited Investors Investment Advisory Committee Investors

SIFMA Guidance on Investor Verification

SIFMA has issued a Memorandum intended to provide broker-dealers and advisers with guidance regarding procedures for investor verification in connection with offerings made pursuant to Rule 506(c)....more

6/30/2014 - Broker-Dealer Brokers Investors Offerings Rule 506(c) SIFMA

Structured Thoughts: Volume 5, Issue 5 - June 25, 2014

In This Issue: - The 1996 Morgan Stanley Letter: Re-imagined at the Age of 18 - Structured CDs – Goodbye Regulation DD, Hello Regulation DD - FCA Issues Fine in Relation to Structured Product...more

6/26/2014 - Banks Disclosure Requirements EDGAR ESMA Financial Products IPO Morgan Stanley Public Disclosure Regulation D SEC Securities Truth in Savings Act

Future of Regulation A+ Uncertain

Earlier this month a group of Congressmen wrote to SEC Chair White regarding state preemption for Regulation A+ offerings. The letter suggests that, at the time that the JOBS Act was being debated and considered, Congress...more

6/24/2014 - Investors JOBS Act Mary Jo White Reg A+ Rule 506 Offerings SEC

JOBS Act 2.0 Bills to Be Considered

On June 10th, the House Financial Services Committee will mark up and consider a number of JOBS Act and capital formation related bills. The original mark-up session was to have been held on May 29th. ...more

6/9/2014 - Capital Formation JOBS Act

Committee Passes JOBS Act Related Bills

The House Financial Services Committee passed several bills designed to promote capital formation, including: HR 4200, the Small Business Investment Companies (SBICs) Advisers Relief Act, introduced by Rep. Blaine...more

5/23/2014 - Crowdfunding Funding JOBS Act Regulation D SEC Small Business Startups

And we thought things were going well…

Recently, the Committee on Capital Markets Regulation published information regarding the competitiveness of our US capital markets. See the Committee’s site for detailed statistics that seem to focus principally on whether...more

5/23/2014 - Capital Markets Foreign Corporations IPO Issuers Legislative Committees

Committee Mark-up Scheduled

Later this week, on May 22nd, a full House Financial Services Committee mark-up session has been scheduled that will include consideration of...more

5/20/2014 - Financial Regulatory Reform Legislative Agendas

15 Capital Formation Related Bills Scheduled for Mark Up

Yesterday, May 7th, a number of bills were scheduled for mark up by the House Financial Services Committee, which address certain issues arising from the JOBS Act, as well as a number of issues arising in the aftermath of the...more

5/7/2014 - Dodd-Frank Financial Services Committee JOBS Act Legislative Agendas Proposed Legislation

Hearing on Proposed JOBS Act Related Bills

On May 1st, the House Financial Services Committee will hold a hearing on various proposed bills related to the JOBS Act. One of the bills addresses the crowdfunding framework and would have the effect of striking Title III...more

5/1/2014 - Crowdfunding JOBS Act Legislative Agendas Offerings Regulation D SEC Title III

A Many-Headed Hydra

The notorious regulation technically took effect on April 1. Covered entities must now pay closer attention to how they structure their trading activities, and their investments in fund-type vehicles. Perhaps not...more

4/25/2014 - Covered Entities Dodd-Frank FBOs Proprietary Trading Volcker Rule

117 Results
|
View per page
Page: of 5