When a company issues bad or less-than-good news on a Friday or the eve of a major holiday, say just before July 4th, investors and the media generally squawk like the
Apparently, I wasn’t the only one who thought it was odd to enforce what was essentially an insider trading matter as an internal accounting controls matter. Commissioners Peirce and Roisman agreed
There was good news and bad news from the SEC this week.
First, the good news.
It’s unofficial, but Bloomberg reported this week that the SEC is “shelving” its proposed
While we have been busy in 2020 learning how to social distance, wear masks and do Zoom meetings, the SEC has spent the year turning out a relentless tsunami of new rules and
Remember when you were a kid and you didn’t clean up your room or do something else you were supposed to do, and a parent would say “How many times do
On October 7, 2020, the SEC proposed the creation of “limited, conditional” exemptions from broker-dealer registration for certain “finders” in private company capital raising transactions. This has long been a
One of the principal duties of corporate directors and officers is the duty of confidentiality. That’s not just my personal opinion; it’s supported by case law, corporate governance treatises, law review
How did we get here?
On September 11, 2020, the SEC adopted new rules to “update and expand the statistical disclosures” that bank holding companies, banks, savings and loan holding
I’ve often said that lawyers representing corporations should never underestimate the creativity of the plaintiffs’ bar. However, it seems that the white collar criminal defense bar may not be slouches in the creativity department either.
I’m referring to a recent
On August 26, 2020, the SEC continued to keep its foot on the gas with respect to its recent practice of modernizing disclosure rules by adopting amendments to the description of
