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Stikeman Elliott LLP

Highlights from the OSC Registration, Inspections and Examinations Division’s 2025 Annual Report

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The Registration, Inspections and Examinations Division (“RIE”) of the Ontario Securities Commission (“OSC”) published its annual report for the 2024-2025 fiscal year (the “Report”). As in previous years, the Report...more

Parker Poe Adams & Bernstein LLP

Draft Bill Would Put Crypto Primarily Under CFTC Oversight

A bipartisan discussion draft of a bill by Sen. John Boozman (R-AR) and Sen. Cory Booker (D-NJ) proposes giving primary oversight of cryptocurrency to the Commodity Futures Trading Commission, lessening the jurisdiction of...more

J.S. Held

Toying with Fraud and Playing with Consequences

J.S. Held on

In July 2023, one of the year’s most anticipated movies, the Barbie movie, premiered in theaters, achieving more than USD1 billion in global ticket sales. One potentially overlooked detail in the movie was the character Ruth,...more

Goodwin

Chairman Atkins Looking to Curb Proxy Advisor Influence

Goodwin on

In a Friday appearance on Fox Business, SEC Chairman Paul Atkins signaled that the Securities and Exchange Commission is increasingly focused on curbing the influence of proxy advisory firms. ...more

Goodwin

SEC Announces Significant Change in Approach to Shareholder Proposals

Goodwin on

On November 17, 2025, the SEC issued a statement from the Division of Corporation Finance which announces a significant change in the Division’s involvement in the annual shareholder proposal season. ...more

Parker Poe Adams & Bernstein LLP

SEC Disgorgement: A Growing Circuit Split Raises Stakes for Enforcement and Strategy

The split among federal circuit courts on when the Securities and Exchange Commission (SEC) can obtain disgorgement as a remedy in civil enforcement cases has prompted a man recently convicted of engaging in a "pump and dump"...more

Troutman Pepper Locke

FUNDamentals — November 2025

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FUNDamentals is a periodic digest of news and information specifically for investment funds and investment advisors. In this issue, we highlight some industry trends, 401(k) access to alternative assets, fund liquidity trends...more

Fenwick & West LLP

SEC Division of Corporation Finance Announces Streamlined Rule 14a-8 Process for 2025–2026 Proxy Season

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The SEC’s Division of Corporation Finance has issued a statement outlining its new approach to handling shareholder proposal no-action requests under Exchange Act Rule 14a8 for the 2025–2026 proxy season....more

Vinson & Elkins LLP

No Action for No-Actions: SEC Announces Significant Change in No-Action Relief During the 2025-26 Proxy Season

Vinson & Elkins LLP on

On November 17, 2025, the Division of Corporation Finance (the “Division”) of the Securities and Exchange Commission (the “SEC”) announced it will not respond to, and will express no views on, requests for exclusions of...more

Ropes & Gray LLP

Shutdown Aftermath: SEC Staff to Consider Only Shareholder Proposal No-Action Requests Challenging Propriety of Proposals under...

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The Division of Corporation Finance (the “Division”) of the Securities and Exchange Commission (the “SEC”) released a statement today indicating that it will not respond to no-action requests by companies seeking to exclude...more

Keating Muething & Klekamp PLL

Proxy Season Update: SEC will not respond to Most Shareholder Proposal No-action Requests

On November 17, 2025, the SEC’s Division of Corporation Finance issued a statement regarding no action letter requests related to Rule 14a-8 shareholder proposals....more

Blake, Cassels & Graydon LLP

Court of Appeal Clarifies Limits to Ontario Securities Commission’s Summons Power

The Ontario Court of Appeal recently set aside a summons issued by an investigator of the Ontario Securities Commission (OSC), finding that the summons was “staggering in its breadth” and therefore unconstitutionally...more

Orrick, Herrington & Sutcliffe LLP

Clarity Act Coming Into Focus

The proposed Digital Asset Market Clarity Act would establish a comprehensive, top-down regulatory framework for digital assets that reflects a growing bipartisan push in Congress for clear oversight of the digital asset...more

Morgan Lewis

CFTC at a Crossroads: Enforcement, Innovation, and the Road Ahead

Morgan Lewis on

The CFTC is refocusing efforts to balance between commission oversight and delegated chair authority...more

Parker Poe Adams & Bernstein LLP

SEC and FBI Probes Highlight Federal Approach to Investor Fraud Cases

On November 4, 2025, Jay Clayton, the U.S. Attorney for the Southern District of New York, unsealed the indictment of Bradley Heppner, founder of Beneficient Company Group LP, a financial services startup, who has been...more

Thomas Fox - Compliance Evangelist

ACI-FCPA Conference Speaker Preview Series - Dan Kahn on the New DOJ Enforcement Priorities

In this episode of the ACI-FCPA and Global Anti-Corruption Conference Speaker Podcasts series, Dan Kahn discusses his panel at the event, “Unpacking the DOJ’s New FCPA Enforcement Guidelines and Priorities: Practical...more

Eversheds Sutherland (US) LLP

IRS goes to the stake for crypto ETFs – new guidance provides safe harbor for staking of digital assets by trusts

In a favorable development for cryptocurrency investment, the Internal Revenue Service (IRS) issued Revenue Procedure 2025-31. The guidance provides a safe harbor under which certain publicly traded trusts may “stake” their...more

Cooley LLP

Corp Fin (Mostly) Gets Out of the Shareholder Proposal Processing Business

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Perhaps not too surprising given the recent speech by SEC Chairman Paul Atkins that effectively cast doubt on the viability of precatory shareholder proposals if state law dictates that result and a company obtains a legal...more

Vedder Price

SEC Reverses Policy Regarding Mandatory Arbitration Clauses

Vedder Price on

On September 17, 2025, the SEC issued a policy statement to the effect that the presence of a mandatory arbitration clause in an issuer’s governing documents with respect to investor claims arising under the federal...more

Cooley LLP

Broadridge’s Cathy Conlon on “Retail Voting Programs: All You Need to Know”

Cooley LLP on

In this 13-minute video, Broadridge’s Cathy Conlon discusses the retail voting programs popularized by ExxonMobil, including - 1. What are the essential steps of the ExxonMobil program?...more

Katten Muchin Rosenman LLP

SEC Chairman Calls for a Fairer Wells Process: Reinforcing Due Process and Transparency in Enforcement

Securities and Exchange Commission (SEC) Chairman Atkins recently spoke at Fordham Law School for the “25th Annual A.A. Sommer, Jr. Lecture on Corporate, Securities, and Financial Law” as the keynote address. He publicly...more

Vedder Price

SEC Approves Generic Listing Standards for Commodity-Based ETPs

Vedder Price on

On September 17, 2025, the SEC approved rule changes resulting in the creation of generic listing standards applicable to exchange traded products (ETPs) that hold spot commodities, including digital assets, seeking to list...more

Paul Hastings LLP

Federal Government Is Back to Work: Updates on Market Structure Legislation, Howey Test Application, ETP Staking, Crypto Spot...

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With the government shutdown ending, federal agencies, including the CFTC and SEC, are resuming operations and making further progress on crypto-related policy. On Capitol Hill, the Senate Agriculture Committee released a...more

Cozen O'Connor

2025 Federal Budget: Select Tax Measures of Interest to Mining Companies

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The Canadian Federal Budget (Budget 2025),1 released on November 4, 2025, contained several proposals of interest to companies that explore for minerals in Canada. Specifically, several of these proposals directly relate to...more

Thomas Fox - Compliance Evangelist

Compliance Tip of the Day – Business Rationale in the 3rd Party Risk Management Process

Welcome to “Compliance Tip of the Day,” the podcast that brings you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements. Whether you’re a seasoned compliance...more

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