Anna T. Pinedo

Anna Pinedo is a partner in Mayer Brown’s New York office and a member of the Corporate & Securities practice. She concentrates her practice on securities and derivatives. Anna represents issuers, investment banks/financial intermediaries and investors in financing transactions, including public offerings and private placements of equity and debt securities, as well as structured notes and other hybrid and structured products.

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Latest Articles

On October 30, 2018, the Financial Industry Regulatory Authority, Inc. (“FINRA”) filed a proposed rule change to amend FINRA Rule 5110 (Corporate Financing Rule – Underwriting Terms and Arrangements) (the “Rule”), which is the main FINRA rule regarding compensation in securities offerings, with the Securities and Exchange Commission (“SEC”). The proposed Rule includes the following changes: Decreases the number of documents required to be filed and increases the amount of time in which to file…
At the Practising Law Institute’s Annual Institute on Securities Regulation, a number of updates were provided by the Staff regarding ongoing initiatives within the Office of Small Business.  The Staff reviewed the recently adopted amendments to the definition of “smaller reporting company” (SRC) and directed practitioners to its Small Entity Compliance Guide.  The Staff also noted that a number of Compliance & Disclosure Interpretations were recently updated to address changes brought about by the…
The recently published PwC and CB Insights’ MoneyTree Report provides insights on financing trends through the third quarter of 2018.  In Q3 2018, U.S. companies raised $28 billion in venture financing despite a drop in number of deals in the most recent quarter.  The dollars raised in Q3 2018 reached in a two-year high, which is attributable to large financing for unicorns, including Peleton, WeWork and Uber.  The Internet and Healthcare sectors were the most…
The Securities and Exchange Commission’s Investor Advisory Committee will meet telephonically on November 7 at 2 p.m. Eastern Time.  The meeting is open to the public.  During this meeting, the committee intends to address the proposed Regulation Best Interest and the proposed Form CRS Relationship Summary.  In recent remarks, representatives of the Commission have indicated that completing Regulation Best Interest is a high priority and is slated to take place before the fall of 2019.…
Earlier this month, the Commodity Futures Trading Commission proposed rules that would codify certain relief provided to commodity pool operators and commodity trading advisors in the post Dodd-Frank Act years.  The relaxation of the prohibition against general solicitation in Rule 144A offerings and certain Rule 506 offerings led to ambiguity regarding CFTC Rules 4.7(b) and 4.13(a)(3) that restricted funds from marketing to the public. A while after the Securities and Exchange Commission’s amendments to Rule…
In a recent paper, authors Jesse Chan, Steve Lin, Yong Yu, and Wuyang Zhao review the ways in which owning stock in covered companies affects recommendations by analysts.  The paper is based on a review of research reports from the period between 2003 and 2012 from 74 firms. They note that, despite concerns voiced about potential conflicts of interest, it is still fairly common for analysts to own stock in covered companies.  Over the…
  The Commission announced an open meeting for October 31st in order to consider amendments related to the property disclosure requirements for mining registrants.  The proposed amendments were released in 2016. The amendments as proposed would rescind Industry Guide 7 and include the mining property disclosure requirements in Regulation S-K and align the disclosure requirements with industry and global regulatory standards.  See the meeting notice here.…
In a recent speech, Commissioner Kara Stein addressed a number of disclosure related concerns, including cyber disclosures and ESG disclosures.  Just as many of us had been reading about a decline in the number of SEC Staff comments regarding the use of non-GAAP measures in SEC filings, Commissioner Stein’s remarks seemed to focus renewed attention on this issue.  Commissioner Stein cited studies that show that approximately 97% of S&P 500 companies cite at least one…
The Division of Corporation Finance published Staff Legal Bulletin No. 14J (CF) in order to provide guidance on issues arising under Rule 14a-8 under the Exchange Act.  SLB No. 14J expands on the types of factors that ought to be addressed in a board’s analysis of policy issues arising in connection with a no-action request on proposals that raise an issue that is “otherwise significantly related” to a company’s business, or that transcend ordinary business…
The Securities and Exchange Commission announced the dates for the annual Government-Business Forum, which will be held on December 12, 2018.  The Forum again will be held outside of Washington DC.  This year, it will be held in partnership with the National Center for the Middle Market at the Ohio State University.  As in prior years, the Forum is expected to address capital formation-related matters affecting smaller public companies, as well as privately held companies. …