Securities Exchange Act, Amended Regulation

2023 Amendments to the Delaware General Corporation Law and Alternative Entity Statutes

Saul Ewing LLP on 7/20/2023

On July 17, 2023, Delaware Governor John Carney signed into law the 2023 amendments to the General Corporation Law of the State of Delaware (the “DGCL”), the Delaware Limited Liability Company Act (the “LLC Act”), the...more

SEC Adopts Amendments to Issuer Repurchase Disclosure

WilmerHale on 5/9/2023

On May 3, 2023, in a 3-2 vote, the SEC adopted amendments to significantly increase the disclosure required about issuer repurchases of their equity securities that are registered under the Securities Exchange Act of 1934....more

Getting Ready for Amended Rule 10b5-1 and Other New SEC Requirements Relating to Insider Trading

WilmerHale on 12/30/2022

In December 2022, the Securities and Exchange Commission (SEC) adopted amendments to Exchange Act Rule 10b5-1, the rule that provides an affirmative defense to claims of insider trading for persons acquiring or disposing of...more

A Closer Look at the Rule 10b5-1 Amendments Adopted by the SEC

Holland & Knight LLP on 12/23/2022

The U.S. Securities and Exchange Commission (SEC), in a rare unanimous vote, adopted amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 (Exchange Act) and new disclosure requirements to enhance investor...more

SEC Adopts Amendments to 10b5-1 Plans

Smith Anderson on 12/20/2022

On December 14, 2022, the Securities and Exchange Commission (SEC) unanimously voted to adopt amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 (Exchange Act), adding new conditions to the availability of...more

SEC Proposes Rules to Modernize Share Repurchase Disclosures

WilmerHale on 12/28/2021

On December 15, the same day it proposed amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 (Exchange Act) that may blunt the use of the affirmative defense for insider trading, the Securities and Exchange...more

The Lights Could Go Out on Over-the-Counter Companies on September 28, 2021

Dorsey & Whitney LLP on 8/16/2021

On September 28, 2021, companies trading in the United States over-the-counter securities markets (“OTC Markets”) that do not comply with amended Rule 15c-211 will no longer be eligible for quotation on the OTC Markets,...more

Defense Bill Significantly Bolsters SEC’s Disgorgement Authority

BCLP on 2/2/2021

The National Defense Authorization Act (“NDAA”) became law on January 1, 2021 after Congress overrode a presidential veto of the legislation. While the NDAA appropriates funds for defense-related activities and the...more

Investment Management Update - November 2020

Troutman Pepper on 11/17/2020

Covering legal developments and regulatory news for funds, their advisers and industry participants through October of 2020. ...more

SEC Amends Whistleblower Award Program Rules to Add Clarity, Efficiency and Transparency

BCLP on 9/29/2020

On September 23, 2020, the Securities and Exchange Commission (“SEC” or the “Commission”) voted 3-2 to adopt a series of long-awaited amendments to the rules governing its Whistleblower Program. SEC Chairman Jay Clayton along...more

SEC, in Split Vote, Expands Accredited Investor Definition, Paving Way for More Investors to Access Private Capital Markets

BCLP on 8/31/2020

The SEC adopted amendments on August 26, 2020 by a 3-2 vote, to expand the definition of “accredited investor,” paving the way for certain financially sophisticated institutional and individual investors to participate in...more

SEC Adopts Amendments to Reduce Burdens on Smaller Issuers

Winstead PC on 4/15/2020

On March 12, 2020, the Securities and Exchange Commission (SEC) adopted amendments to the accelerated filer and large accelerated filer definitions in Exchange Act Rule 12b-2. The SEC believes that the amendments will more...more

SEC Amends Definition of Accelerated and Large Accelerated Filer

Dorsey & Whitney LLP on 3/18/2020

On March 12, 2020, the Securities and Exchange Commission (the “Commission”) adopted amendments to the “accelerated filer” and “large accelerated filer” definitions in the Rule 12b-2 under the Securities Exchange Act of 1934,...more

REIT Advisor – March 2020

King & Spalding on 3/6/2020

On March 2, 2020, the Securities and Exchange Commission (the “SEC”) released its final rule amending the financial disclosure requirements applicable to registered debt offerings that include credit enhancements, including...more

The CFTC’s Expanded Reach

Dorsey & Whitney LLP on 8/1/2019

Traditionally the jurisdiction of the CFTC has been tied to the futures markets. Contracts for future delivery were within the reach of the agency and its regulatory regime....more

Summary of SEC’s FAST Act Amendments and Additional Guidance on Confidential Treatment Requests

Dorsey & Whitney LLP on 4/12/2019

The Securities and Exchange Commission finalized amendments to its regulations to modernize and simplify disclosure requirements for public companies, investment advisors and investment companies, consistent with the...more

SEC Rules Updated to Modernize and Simplify Disclosures: Act FAST to update upcoming Form 8-Ks, 10-Qs and 10-Ks

Akin Gump Strauss Hauer & Feld LLP on 4/5/2019

Recently, the Securities and Exchange Commission (SEC) adopted amendments (the Amendments) to modernize and simplify disclosure requirements in Regulation S-K (and related rules and forms). Consistent with the SEC’s mandate...more

SEC Adopts New Disclosure Requirements for Mining Companies

Perkins Coie on 12/4/2018

The Securities and Exchange Commission recently adopted amendments to modernize the rules relating to property disclosure requirements for mining registrants, and Industry Guide 7 (Guide 7), under the Securities Act of 1933,...more

SEC adds two new disclosure events to Rule 15c2-12

Eversheds Sutherland (US) LLP on 8/24/2018

On August 20, 2018, the US Securities and Exchange Commission (SEC) adopted amendments to Rule 15c2-12 under the Securities Exchange Act of 1934. These amendments require additional disclosure related to the material...more

What Does "Reflect Financial Difficulties" Mean To You?

Allen Matkins on 8/23/2018

On Monday, the Securities and Exchange Commission announced that it had adopted amendments "to improve municipal securities disclosure". Specifically, the SEC amended Exchange Act Rule 15c2-12 which requires brokers,...more

T+2 is a Reality

Parker Poe Adams & Bernstein LLP on 4/4/2017

Last September, the SEC proposed rules that would shorten the standard settlement period for securities transactions from three business days (T+3) to two business days (T+2). As predicted, the rules have now been finalized...more

House Votes to Invalidate Extraction Payment Disclosure Rule

Bracewell LLP on 2/2/2017

On February 1, 2017, the U.S. House of Representatives passed House Joint Resolution 41 to annul the Extraction Payment Disclosure Rule. The rule would require oil and gas companies to disclose in annual reports for fiscal...more

OCIE Publishes Risk Alert on Examinations of Compliance with SEC Whistleblower Rule by Investment Advisers and Broker-Dealers

Dechert LLP on 10/28/2016

The Office of Compliance Inspections and Examinations (OCIE) of the U.S. Securities and Exchange Commission (SEC) issued a National Exam Program Risk Alert on October 24, 2016 (Risk Alert) regarding examinations of...more

Blog: SEC proposes rule amendments to conform registration thresholds to JOBS Act thresholds

Cooley LLP on 12/23/2014

At the end of last week, the SEC issued a press release indicating that it had voted to propose various amendments to implement portions of the JOBS Act. (In a departure from the norm, the SEC did not hold an open meeting to...more

Securities Exchange Act › Amended Regulation

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