News & Analysis as of

Foreign Issuers

Baker Botts L.L.P.

GENIUS Act Proposal: Examining the Impact of Proposed Regulatory Framework on Institutional, Non-Institutional and Foreign...

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The Guiding and Establishing National Innovation for U.S. Stablecoins Act (the “GENIUS Act”), enacted in July 2025, establishes comprehensive federal guidelines governing the issuance of payment stablecoins in the United...more

Cooley LLP

What Foreign Issuers Should Know About SEC Trading Suspensions

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As of April 27, 2026, the Securities and Exchange Commission (SEC) has suspended the trading of 14 Asia-based companies that conducted their initial public offering (IPO) on Nasdaq or the New York Stock Exchange (NYSE) within...more

Epstein Becker & Green

SEC Issues New Guidance Under Rule 701 for Employee Equity Compensation

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On March 6, 2026, the Division of Corporation Finance at the Securities and Exchange Commission (SEC) issued new and updated Compliance and Disclosure Interpretations (CDIs) for private and foreign companies issuing equity...more

Patomak Global Partners

OCC GENIUS Proposal: Three Policy Issues to Watch

The Office of the Comptroller of the Currency (OCC) issued a notice of proposed rulemaking (NPR) to implement the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act)....more

Bodman

The Time to Act is Now: Officers and Directors of Foreign Private Issuers Must Comply with Section 16(a) Reporting Requirements

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On December 18, 2025, President Trump signed into law the Holding Foreign Insiders Accountable Act (“HFIAA”), making officers and directors of foreign private issuers (“FPIs”) subject to public reporting of holdings of, and...more

Cooley LLP

What to Expect Now from the SEC’s Enforcement Division

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Here’s the intro from this entry on Cooley’s “Securities Litigation + Enforcement” blog penned by Luke Cadigan, Tejal Shah, Elizabeth Skey, Samanta Kirby and Bingxin Wu: “When Paul Atkins became the new chairman of the...more

Cooley LLP

SEC Public Companies Enforcement: FY 2025 Review and What to Expect in 2026

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When Paul Atkins became the new chairman of the Securities and Exchange Commission (SEC) in April 2025, the market expected enforcement actions against public companies to decrease....more

Sullivan & Worcester

FINRA’s Small-Cap Sweep: Strategic Steps for Broker-Dealers

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It has been approximately one (1) month since the Financial Industry Regulatory Authority (FINRA) has launched a targeted review of broker-dealer activity in small-capitalization offerings involving foreign...more

Seward & Kissel LLP

FINRA Announces New Probe Targeting Small Capitalization Issuers with Ties to China

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On Thursday October 23, 2025, the Financial Industry Regulatory Authority (FINRA) announced a targeted sweep aimed at small-capitalized (“small-cap”) exchange-listed issuers1 with ties to business operations in foreign...more

Foley & Lardner LLP

SEC Creates New Cross-Border Task Force to Combat Fraud, Prioritizing Investigations of Foreign Issuers and Gatekeepers

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On September 5, 2025, the U.S. Securities and Exchange Commission (SEC) announced the creation of the Cross-Border Task Force (“Task Force”) to identify and combat cross‑border fraud harming U.S. investors. The Task Force...more

Ropes & Gray LLP

SEC Intensifies Focus on Cross-Border Fraud with New Enforcement Task Force

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On September 5, 2025, the U.S. Securities and Exchange Commission (“SEC”) announced the formation of a Cross-Border Task Force (the “Task Force”) aimed at identifying and combating cross-border fraud that threatens U.S....more

Mayer Brown

SEC Announces Formation of Cross-Border Task Force to Combat Fraud

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On September 5, 2025, the US Securities and Exchange Commission (SEC) announced the formation of a new Cross-Border Task Force focused on investigating potential US federal securities law violations related to foreign-based...more

Alston & Bird

Still in Range: SEC Launches Cross-Border Task Force to Target Foreign Issuers and Gatekeepers

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The SEC’s new cross-border task force signals the agency’s heightened scrutiny of foreign issuers and their gatekeepers, with a focus on transnational fraud schemes involving Chinese companies. Our White Collar, Government &...more

Akin Gump Strauss Hauer & Feld LLP

SEC Forms Cross-Border Task Force with Implications for Foreign Issuers, Auditors and Other Gatekeepers

On September 5, 2025, the U.S. Securities and Exchange Commission (SEC) announced the creation of a Cross-Border Task Force designed to enhance the Enforcement Division’s efforts to combat fraud involving foreign companies....more

White & Case LLP

SEC Targeting Cross-border Fraud, With a Focus on Chinese Companies & Gatekeepers

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The SEC has launched a new task force to combat fraud involving foreign-based companies. The task force will focus on market manipulation schemes like “pump-and-dumps” involving Chinese and other foreign issuers. These...more

Paul Hastings LLP

SEC Commissioner Paul Atkins Promises Increased Enforcement of US-Listed Chinese Companies

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During Securities and Exchange Commission Chairman Paul Atkins’ Senate confirmation hearing, a lawmaker asked him, “Would [you] investigate Chinese companies for … wanton and blatant violations of U.S. disclosure laws that...more

WilmerHale

What the GENIUS Act Means for Payment Stablecoin Issuers, Banks, and Custodians

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The US House of Representatives has passed stablecoin legislation as part of “Crypto Week” on Capitol Hill. S. 1582, the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS or the Act), passed the US...more

Paul Hastings LLP

What the GENIUS Act Means for UK and Foreign Stablecoin Issuers

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Stablecoins are commanding increasing attention from global regulators. While the U.K. is moving steadily toward a clearer regulatory framework, the U.S. is advancing federal legislation that could reshape how foreign...more

Fisher Phillips

México Impone el Reporte de Sostenibilidad para Emisoras de Valores y Otros Participantes del Mercado de Valores: Puntos Clave...

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Una reforma reciente en México introduce cambios regulatorios significativos, que incluyen requisitos de reporte anual para emisoras de valores y otros participantes del mercado de valores, incluidas las emisoras extranjeras....more

Fisher Phillips

Mexico Mandates Sustainability Reporting for Securities Issuers and Other Securities Market Participants: Key Takeaways for...

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A recent reform in Mexico creates significant regulatory changes, including annual reporting requirements for securities issuers and other securities market participants – including foreign issuers. Under the resolution,...more

White & Case LLP

Key Considerations for the 2025 Annual Reporting Season: Your Upcoming Form 20-F and other FPI-Specific Considerations

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With the inauguration of US President Trump on January 20, 2025, public companies await the impact of the new administration on the US Securities and Exchange Commission ("SEC"). President Trump's pick for the next SEC Chair,...more

Walkers

A Guide to debt securities issuers in Jersey

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Jersey is a well-established jurisdiction of choice for issuing debt securities in international finance transactions. Recently, we have seen a steady increase in interest in Jersey debt securities issuers either for a...more

Cornerstone Research

Securities Class Action Filings 2024 Midyear Assessment - Non-U.S. Core Federal Filings

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This is an excerpt from Securities Class Action Filings 2024 Midyear Assessment - This index tracks the number of core federal filings against foreign issuers (i.e., companies headquartered outside the United States)...more

BCLP

Issuance of Reverse Yankee Bonds Remains Active

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The sale of Reverse Yankee bonds by prominent US issuers – often with higher credit ratings – has recently continued at a rapid pace. Reverse Yankee bonds are debt securities issued by US issuers that are denominated in a...more

Vinson & Elkins LLP

SEC’s Final Climate-Related Disclosure Rules

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After much anticipation, on March 6, 2024, the Securities and Exchange Commission (“SEC” or the “Commission”) released its Final Rule—The Enhancement and Standardization of Climate-Related Disclosures for Investors—mandating...more

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