The SEC has approved 12 Regulation A+ offerings (and about 40 initial Form 1-A filings have been made) since the new Regulation A+ rules became effective in June. The companies now raising money under Regulation A+ include a dental device
Federal Securities Law Source
Information on federal securities law, news and developments
The Federal Securities Law Source, published by Porter Wright Morris & Arthur LLP, focuses on developments and compliance issues related to federal securities regulations. It covers topics such as the Corporate Transparency Act and its reporting requirements, SEC rules including Dodd-Frank clawback policies, accredited investor qualifications and legislative changes, and emerging trends in ESG (environmental, social, and governance) disclosures. The blog provides updates on regulatory changes affecting public companies, private investment opportunities, and corporate governance practices, helping businesses and legal professionals navigate federal securities law obligations and investor protections.
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Corruption and conspiracy charges hit sports world: DOJ indicts additional FIFA officials in corruption conspiracy
While the latest happenings in the governing world of soccer are not a typical blog topic for us, the legal issues and impacts are worth considering in a broader context. Soccer fan or not, certainly interesting times.
Late Thursday Attorney…
Real estate developers use Regulation A+ to raise capital
Regulation A+ is a potentially attractive way for real estate developers to raise up to $50 million for specific projects by selling debt or equity to the public without having to meet all of the requirements of a traditional initial…
DOJ explains rule changes in light of Yates memo
The U.S. Department of Justice (DOJ) detailed new rules that would focus investigations of corporations on responsible individuals and warned that companies cannot abuse the attorney-client privilege to hide key facts in criminal investigations.
On Monday, Deputy Attorney General Sally…
Commodities trader found guilty in first “spoofing” prosecution
A Chicago jury took one hour to find a trader guilty of “spoofing” some of the world’s largest commodities futures markets by deceptive electronic trading. On Tuesday, Michael Coscia was found guilty of 12 counts of fraud and “spoofing” by…
Supreme Court refuses to review insider trading case
The U.S. Supreme Court on Monday refused to hear the government’s appeal of an adverse court of appeals decision in an insider trading case which could make it harder to prosecute insider trading.
The decision threw out the 2012 convictions…
New DOJ policies target corporate executives over companies
The U.S. Department of Justice (DOJ) issued new policies Sept. 9. One requires that companies disclose all facts relating to individual misconduct discovered during internal investigations or be considered uncooperative. This places pressure on corporations to turn over evidence against…
Deleting emails isn’t always obstruction of justice, court rules
Our colleagues at the Antitrust Law Source shared an overview today of a recent decision from the Ninth Circuit Court of Appeals. The court’s opinion states that deleting emails doesn’t necessarily translate to obstruction of justice. “Double-deleting,” however, is another…
U.S. Court of Appeals reaffirms April 2014 decision on the conflict minerals rules
We reported previously in April 2014 on the ruling by the United States Court of Appeals for the District of Columbia Circuit striking down the part of the SEC’s conflict minerals rules that requires a registrant to describe its products…
Student internships basis for FCPA violation
The Securities and Exchange Commission (SEC) announced Tuesday that Bank of New York Mellon (BNY Mellon) had agreed to pay $14.8 million dollars to settle Foreign Corrupt Practices Act (FCPA) violations. The agreement arose out of BNY Mellon providing internships…