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Investors Disclosure Requirements

Flaster Greenberg PC

Private Placement Memorandums Seminar: 3 Key Takeaways

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A Private Placement Memorandum (PPM) is a critical document used in private securities offerings to provide potential investors (the individuals or entities providing the funding) with detailed information about the...more

Woodruff Sawyer

Quarterly Quiet Periods: Myths versus Risk Mitigation

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Quiet periods aren’t legal mandates for quarterly earnings—but they’ve become a cornerstone of disciplined disclosure practice....more

Mayer Brown Free Writings + Perspectives

NASAA Amends REIT Guidelines:  What Sponsors, Intermediaries, and Investors Need to Know

On September 7, 2025, the North American Securities Administrators Association (NASAA) approved amendments to its Statement of Policy Regarding Real Estate Investment Trusts (the “REIT Guidelines”), which were last amended in...more

Woodruff Sawyer

Quarterly or Biannual Reporting? Weighing the Trade-Offs for Public Companies

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Directors and officers are no strangers to consequential decisions—where to incorporate, how to pursue growth, how far to go on ESG disclosures. Each choice shapes the company’s relationship with investors....more

Procopio, Cory, Hargreaves & Savitch LLP

SEC Shifts Policy on Issuer-Investor Arbitration: What’s Next?

Public companies and their in-house counsel should take note of a recent policy statement from the U.S. Securities and Exchange Commission (SEC) related to arbitration clauses. On September 17, 2025, the SEC confirmed that...more

Vinson & Elkins LLP

[Hybrid Event] Fifth Annual Navigating the Annual Meeting and Reporting Season - November 12th, Houston, TX

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In this program, our panelists will provide a comprehensive examination of recent SEC developments that shape—and the practical considerations that inform—the preparation of public companies’ annual reports and annual...more

Mayer Brown Free Writings + Perspectives

Understanding the Requirements Related to the Use of Non-GAAP Financial Measures

The use of non-GAAP financial measures by public companies continues to be a focus of attention for the U.S. Securities and Exchange Commission (“SEC”). In the last two decades, the SEC has observed the increased prevalence...more

Fenwick & West LLP

The U.S. Government Has Shut Down: Here’s What Public Companies Should be Thinking About

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The U.S. federal government officially shut down on October 1, 2025, as lawmakers failed to reach an agreement on federal spending. Many government workers will be on furlough for so long as the shutdown continues, which will...more

Morrison & Foerster LLP

Occasional Activists and the Evolving Landscape of Shareholder Activism in 2025

In our previous client alert, Occasional Activists: Shaping Corporate Governance in 2024, we discussed the trend through H1 2024 of increased “occasional activism”—shareholder activism by investors who are not dedicated...more

Troutman Pepper Locke

SEC Takes Official Position on Inclusion of Issuer-Investor Mandatory Arbitration Provisions for IPOs

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In a policy statement issued by the Securities and Exchange Commission (SEC) on September 17, 2025, the agency announced that companies seeking to go public will be permitted to include an issuer-investor mandatory...more

Nelson Mullins Riley & Scarborough LLP

Blame FDR, not Atkins, for the SEC’s Policy Statement on Arbitration Provisions

The question that the Commission addressed on September 17, 2025, was whether, when being requested to accelerate the effectiveness of a registration statement, the Commission staff would consider the existence of an...more

White & Case LLP

SEC Policy Statement: Clarifies That Mandatory Arbitration Provisions Will Not Affect Effectiveness of Registration Statements

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On September 17, 2025, the US Securities and Exchange Commission published a policy statement, announcing that decisions by the SEC about whether to accelerate the effectiveness of a registration statement will not be...more

Vinson & Elkins LLP

SEC Grants No-Action Relief for ExxonMobil’s Retail Voting Program—Key Takeaways for Public Issuers

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On September 15, 2025, the SEC’s Division of Corporation Finance issued a no-action concurrence letter to Exxon Mobil Corporation (“Exxon”), confirming that it would not recommend enforcement action if Exxon implements its...more

Cooley LLP

SEC Creates Cross-Border Task Force to Combat Fraud

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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 that will “strengthen and enhance the Division of Enforcement’s efforts to identify and combat...more

Stinson - Corporate & Securities Law Blog

SEC Clarifies that Mandatory Arbitration Provisions Will Not Affect Effectiveness of Registration Statements

Overview - On September 17, 2025, the Securities and Exchange Commission (SEC) issued a final rule and policy statement clarifying that the inclusion of mandatory arbitration provisions between issuers and investors will...more

Barnea Jaffa Lande & Co.

Expanded Company Extract Now Available at No Additional Cost

The Israeli Corporations Authority in the Ministry of Justice recently announced a significant expansion of its company extract service. This development marks an important change in the corporate landscape, substantially...more

Hogan Lovells

ESG and Defence in the UK and EU – navigating the politics and legal requirements to include defence projects in sustainable...

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Increasing global security concerns (coupled with changes on the global political scene) have led governments to increase their budgets for defence spending. In this briefing we consider how compatible defence sector...more

Carlton Fields

Dancing Away From ESG Disclosures: A Pivot Back to Materiality

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On June 5, 2025, SEC Commissioner Hester Peirce delivered a major address at the International Center for Insurance Regulation Digital Insurance Forum. In a pointed critique of what has been an accelerating march of...more

Snell & Wilmer

Securities Class Action Litigation Surges in Dollar Value Despite Steady Filing Numbers

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Cornerstone Research recently published its Securities Class Action Filings—2025 Mid-Year Assessment. The report contains useful data and information about the securities class action landscape thus far this year. The...more

Vinson & Elkins LLP

Ongoing Legal Battle Over California’s Climate-Related Disclosure Laws: District Court Gives Red Light to Preliminary Injunction...

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On August 13, 2025, the U.S. District Court for the Central District of California denied a motion for preliminary injunction to enjoin California Senate Bills 253 and 261. The Chamber of Commerce and five co-Plaintiffs...more

Alston & Bird

SEC Formalizes and Expands Guidance Increasing Retail Access to Private Funds

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Our Investment Funds Team explains the Securities and Exchange Commission new guidance that expands retail investor access to private funds by relaxing previous restrictions....more

Fenwick & West LLP

SEC Unveils New Statistics and Data Visualization Page

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Last week, the Securities and Exchange Commission (SEC) launched a new statistics and data visualization page that includes statistics and interactive graphics on key elements of the capital markets, based on the following...more

Ropes & Gray LLP

ISS Announces Update of E&S Disclosure QualityScore Methodology, Coming in September

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ISS has announced that it will be updating its Environmental & Social Disclosure QualityScore (ESQS) scoring methodology. ESQS covers approximately 8,000 issuers across 25 industry groups in the Americas, Europe and...more

Goodwin

PISCES 101 - The Private Intermittent Securities and Capital Exchange System: What you need to know about the world’s first...

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What is PISCES?  The Private Intermittent Securities and Capital Exchange System (PISCES) is a UK government–backed initiative designed to enable private companies to offer and trade their existing shares in a controlled,...more

Troutman Pepper Locke

FINRA Continues to Scrutinize Customer Facing Communications on Crypto Offerings

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On July 16, TradeStation Securities, Inc., a member firm of the Financial Industry Regulatory Authority (FINRA), submitted a Letter of Acceptance, Waiver, and Consent (AWC) to FINRA’s Department of Enforcement. This AWC...more

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