Corporate and Financial Weekly Digest - Volume IX, Issue 11

In this issue:

- NASDAQ Launches Marketplace for Private Companies

- SEC Proposes Rules to Enhance Oversight of Clearing Agencies

- FINRA Proposes to Amend Rules 2210 and 2214

- CME Group Exchanges Adopt Revised Rules Regarding Transfer Trades and Concurrent Long and Short Positions

- Joint Audit Committee Adopts Template Acknowledgment Letters

- CFTC Announces Available-to-Trade Determinations

- CFTC to Host Roundtable on Commodity Pool Operator Risk Management Practices

- New York Department of Financial Services Issues Public Order to Invite Virtual Currency Exchange Proposals

- SEC Prevails in Lawsuit Involving $50 Million Ponzi Scheme

- SEC Brings Lawsuit Against Former Carter’s Executive for Insider Trading and Tipping

- Excerpt from NASDAQ Launches Marketplace for Private Companies:

On March 5, NASDAQ announced the launch of its new capital marketplace for private companies, NASDAQ Private Market. Qualifying companies will be able to use NASDAQ Private Market’s platform to raise capital and control secondary transactions, similar to secondary market platforms offered by other companies. To qualify as a member company, a private company must meet minimum standards for reporting and disclosure and must: (1) have received at least $30 million in funding in the last two years and have an enterprise value of at least $50 million; (2) have had each of total assets and annual revenue of at least $50 million in the latest fiscal year, or in two of the last three fiscal years; (3) have an annual net income of at least $750,000 in the latest fiscal year, or in two of the last three fiscal years; (4) have $5 million in shareholders’ equity and two years of operating history; or (5) be backed by a recognized financial investor or investors with a “track record of successful venture investments.”

Please see full newsletter below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Written by:


Katten Muchin Rosenman LLP on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.