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Thomas Fox - Compliance Evangelist

10 For 10: Top Compliance Stories For the Week Ending December 13, 2025

Welcome to 10 For 10, the podcast that brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance, brings you the compliance stories you need to know to end your busy week. Sit...more

Cadwalader, Wickersham & Taft LLP

When Privacy Rules Meet Fund Finance, December 2025 - The New Regulation S-P Amendments and What They Mean for Lenders in Fund...

The SEC's 2024 amendments to Regulation S-P introduce the most comprehensive update to federal privacy and data security standards for SEC-regulated institutions since the rule was adopted. While the amendments are directed...more

Gray Reed

Mr. Worldwide: FINRA’S Rule 8210 Reminder to Broker-Dealers

Gray Reed on

FINRA lacks subpoena power. In lieu, Rule 8210 is the backbone of its self-regulatory framework. Failure to comply or providing incomplete or untruthful responses can lead to severe sanctions, including expulsion for firms...more

Farrell Fritz, P.C.

Context Matters: Commercial Division Declines Application of the Business Judgment Rule in a Going-Private Merger Transaction.

Farrell Fritz, P.C. on

The business judgment rule is a common-law principle that generally prohibits courts from questioning the propriety of actions taken by corporate directors and officers, provided those actions are taken in good faith, with...more

Littler

California Doubles Down on Diversity Data: The New Era of DEI Transparency in Venture Capital

Littler on

In October 2023, California enacted Senate Bill 54 (SB 54) to promote transparency in venture capital funding by requiring firms with a California nexus to report demographic data on the founding teams of their portfolio...more

Mayer Brown Free Writings + Perspectives

House Passes Bipartisan Capital Formation Package: The INVEST Act

Today, the US House of Representatives passed a bipartisan capital formation bill, H.R. 3383 or the Incentivizing New Ventures and Economic Strength Through Capital Formation (“INVEST”) Act of 2025, 302 to 123. Announced by...more

Vinson & Elkins LLP

Delaware Court of Chancery Applies Corwin to Dismiss Fiduciary Duty Claims Against Seller’s Directors and Officers in Acquisition...

Vinson & Elkins LLP on

On November 26, 2025, Vice Chancellor Fioravanti issued a 75-page opinion dismissing plaintiffs’ complaint in DrugCrafters, L.P., et al. v. Loh, et al., C.A. No. 2024-0111-PAF. The action was brought by former Paratek...more

McDermott Will & Schulte

SEC provides two-year extension on short sale reporting and securities lending compliance

McDermott Will & Schulte on

On December 3, 2025, the US Securities and Exchange Commission (SEC) announced additional temporary exemptive relief from compliance with Securities Exchange Act of 1934 (Exchange Act) Rules 13f-2 and 10c-1a....more

Patterson Belknap Webb & Tyler LLP

The SEC Drops First-Ever Cybersecurity Lawsuit Against SolarWinds and its CISO

The U.S. Securities and Exchange Commission’s closely watched lawsuit against software maker SolarWinds (“SolarWinds” or the “Company”) and its cybersecurity chief, Tim Brown, ended with a whimper last month when the...more

Fenwick & West LLP

Securities Law Update - December 2025

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Welcome to the latest edition of Fenwick’s Securities Law Update. This issue contains updates and important reminders on the following topics...more

Latham & Watkins LLP

FCA Proposes Changes to MiFID Client Categorisation Rules

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The FCA wants to reset how firms distinguish between retail and professional clients, balancing promoting growth with consumer protection....more

Goodwin

Reactions to the SEC’s Change in Policy to Mandatory Arbitration Provisions

Goodwin on

The SEC’s recent policy change on issuer-investor mandatory arbitration provisions has prompted quick reactions from proxy advisors and early adopters in the market—setting the stage for renewed debate over whether companies...more

Cooley LLP

Glass Lewis Issues 2026 US Benchmark Policy Guidelines

Cooley LLP on

Glass Lewis has released its 2026 US Benchmark Policy Guidelines, which will apply to shareholder meetings held on or after January 1, 2026. Consistent with recent years, the updates are incremental rather than structural,...more

Morris James LLP

Delaware Supreme Court Holds that Amazon Stockholder’s Demand Stated a Credible Basis to Investigate Alleged Anti-Competitive...

Morris James LLP on

Wong Leung Revocable Tr. v. Amazon.com, No. 487 (Del. July 29, 2025) - In the wake of antitrust investigations and an action filed by the Federal Trade Commission (FTC), an Amazon stockholder sought books and records to...more

Fenwick & West LLP

2025 Corporate Governance Practices and Trends in Silicon Valley and at Large Companies Nationwide

Fenwick & West LLP on

For two decades, Fenwick has reported on corporate governance statistics and trends among the S&P 100 and Silicon Valley’s largest public technology and life science companies, with the goal of educating public company...more

BCLP

Season's Greetings from ISS and Glass Lewis

BCLP on

ISS and Glass Lewis recently announced their annual policy updates for the upcoming proxy season....more

Cooley LLP

IRS Finalizes Regulations on Stock Buyback Excise Tax

Cooley LLP on

On November 24, 2025, the US Department of the Treasury and the IRS issued final regulations on Section 4501, which imposes a 1% excise tax on certain repurchases of stock of publicly traded corporations and “economically...more

McGuireWoods LLP

FINRA’s 2026 Annual Regulatory Oversight Report: Same Priorities, New Focus on AI and Cybersecurity

McGuireWoods LLP on

SERC’ling Up is your resource for staying ahead in today’s fast-evolving financial landscape. This newsletter delivers perspectives on the latest enforcement trends, regulatory updates and high-stakes developments affecting...more

Cooley LLP

White House’s Executive Order on Proxy Advisors: 7 Things to Know Now

Cooley LLP on

Last night, the Trump Administration issued this executive order (and a related fact sheet) aimed at the proxy advisors in the US, specifically ISS and Glass Lewis. ...more

Sheppard Mullin Richter & Hampton LLP

SEC Releases 2026 Examination Priorities Highlighting Compliance, Information Security, and Emerging Technology

On November 17, 2025, the SEC’s Division of Examinations released its examination priorities for fiscal year 2026, identifying areas the agency alleges present heightened compliance and investor protection risks under the...more

A&O Shearman

ESMA To Launch CSA On MiFID II Conflicts Of Interest Requirements

A&O Shearman on

The European Securities and Markets Authority (ESMA) has announced that it will launch a Common Supervisory Action (CSA) with national competent authorities in 2026 to review compliance with MiFID II conflicts of interest...more

DLA Piper

ASIC enforcement priorities for 2026: new priorities and new appetite for litigation

DLA Piper on

ASIC has announced its enforcement priorities for 2026, with protecting small businesses, superannuation members, and improving market integrity remaining key objectives. However, new areas of focus have emerged:...more

Thomas Fox - Compliance Evangelist

2 Gurus Talk Compliance: Episode 65 – The This Is Nuts Edition

What happens when two top compliance commentators get together? They talk compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s...more

Foley & Lardner LLP

OCC Issues Another Crypto-Friendly Interpretive Letter: Permissibility of Riskless Principal Crypto-Assets Transactions

Foley & Lardner LLP on

On December 9, 2025, the Office of the Comptroller of the Currency (OCC) issued Interpretive Letter 1188 (IL 1188), confirming that a national bank is permitted, as part of the business of banking, to engage in riskless...more

Cranfill Sumner LLP

Rollover Equity in M&A—Investment or Illusion?

Cranfill Sumner LLP on

Understanding the Risks and Realities of Post-Sale Ownership Stakes - In many private company M&A transactions, whether in healthcare, professional services, technology, construction, manufacturing, or otherwise, sellers...more

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