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SEC Announces New Changes to Covers of Periodic Reports and Registration Statements

The SEC adopted technical rule and form amendments under the JOBS Act that impact almost every periodic report and registration statement by adding an additional “check the box” item on the covers (as well as the introductory...more

SEC Adopts T+2 Settlement Cycle for Securities Transactions

The SEC today adopted an amendment to shorten by one business day the standard settlement cycle for most broker-dealer securities transactions....more

SEC Approves Rules to Require Hyperlinks in Exhibit Lists

As anyone who has ever tried to find an exhibit to an SEC filing that is incorporated by reference knows, it is not always easy or quick! Help is on the way - yesterday, the SEC approved rule changes that will require...more

Change Regarding Mailing of Annual Reports to Stockholders

The SEC Division of Corporation Finance issued a new interpretation yesterday that allows a company to post its annual report to shareholders to its website (and keep it posted for at least one year) rather than mail the SEC...more

SEC Proposes "Universal" Proxy Card for Contested Elections

The SEC today proposed amendments to the proxy rules to require parties in a contested election to use universal proxy cards that would include the names of all director nominees. The proposal gives shareholders the ability...more

SEC Proposes T+2 for Settling Securities Transactions

The SEC has proposed a rule amendment to shorten the standard settlement cycle for most broker-dealer securities transactions from three business days after the trade date (T+3) to two business days after the trade date...more

SEC proposes hyperlinks for filing exhibits

The SEC has proposed rule amendments that would require companies that file registration statements and periodic and current reports to include hyperlinks to each exhibit listed in the exhibit index of their filings (in a...more

Chipping away at disclosure overload

Yesterday, the SEC proposed amendments to eliminate redundant, overlapping, outdated, or superseded provisions, in light of subsequent changes to SEC disclosure requirements, U.S. GAAP, IFRS and technology. The SEC also...more

SEC Adopts Amendment to Form 10-K Implementing FAST Act Provision

The SEC has approved an interim final rule that allows Form 10-K filers to provide a summary of business and financial information contained in the annual report. The rule implements a provision of the Fixing America’s...more

Changes for Non-GAAP Measures in Earnings Releases

The SEC staff has released updated Compliance Disclosure and Interpretations regarding Regulation G/non-GAAP financial measures. Non-GAAP measures have been under attack in recent SEC speeches and media articles and now there...more

New SEC fee calculator!

Not that it was all that difficult to begin with, but the SEC has released an online tool to help companies calculate registration fees for certain form submissions to EDGAR. According to the SEC’s press release, “the new...more

Plain English guidance for Crowdfunding

In mid-February, the SEC posted an investor bulletin designed to educate investors about the ins and outs of its crowdfunding rules that go into effect in mid-May. The bulletin presents examples illustrating the investment...more

New SEC Rules re: Forms S-1 and F-1

As described in our client advisory, the recently enacted FAST Act required the SEC, within 45 days, to revise Form S-1 (and F-1) to permit any smaller reporting company to incorporate by reference in a Form S-1 any documents...more

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