In this issue:
- SEC Adopts Final Rules for Regulation A+ Offerings
- FINRA Issues Notice on New Rules and Amendments Relating to Transaction-Based Compensation, Membership and Sanctions
- FINRA Issues Guidance on Effective Supervision for Firms Engaging in Algorithmic Trading Strategies
- SEC Proposes to Amend Rule 15b9-1
- SEC Staff Clarifies Regulation SHO FAQ 2.5(B) on Order Marking
- CFTC Issues Advisory on Ownership and Control Reporting
- Fourth Circuit Sustains Securities Fraud Claim Against Drug Manufacturer
- Software Company to Face Suit Over Contract Restructuring
- ESMA Updates Q&A on the AIFMD
- Excerpt from SEC Adopts Final Rules for Regulation A+ Offerings:
On March 25, the Securities and Exchange Commission adopted final rules that will expand the exemption from registration under the Securities Act of 1933 provided by Regulation A to include an exemption for up to $50 million of securities sold during a 12-month period in accordance with the new rules. This new exemption, which is often referred to as Regulation A+, implements Section 401 of The Jumpstart Our Business Startups Act (JOBS Act) (adding Section 3(b)(2) of the Securities Act), which required the SEC to adopt rules that would have the effect of updating and expanding Regulation A...
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