Topic
Securities Laws
136 published works
Free Writings + Perspectives
SEC Proposes Rules Simplifying Filer Status Determinations and Increasing Disclosure Accommodations
By Ali Perry, Anna T. Pinedo, Liz Walsh, Jennifer Zepralka
On May 19, 2026, the U.S. Securities and Exchange Commission (the “SEC”) published two rulemaking proposals, each of which would substantially revise the requirements of the U.S. federal securities laws…
The CLS Blue Sky Blog
Davis Polk Discusses SEC’s Application of Securities Laws to Crypto
By Robert A. Cohen, Daniel P. Gibbons, Joseph A. Hall, Fiona R. Moran, Zachary J. Zweihorn
The SEC has issued a much-anticipated interpretation regarding when the federal securities laws apply to certain types of crypto assets and transactions. It is an important step forward, but reflecting…
Financial Services Observer
SEC Clarifies Status of Crypto Assets Under Federal Securities Laws, Signals Potential Exemptive and Safe Harbor Framework
By Tracy S. Combs, Barbara A. Jones, William Mack, Marina Olman-Pal, Erika Cabo, Douglas E. Arend
On March 17, 2026, the U.S. Securities and Exchange Commission issued an interpretive release addressing the application of the federal securities laws to crypto assets and related transactions.
Free Writings + Perspectives
SEC Staff Issues Guidance on the Application of Federal Securities Laws to Tokenized Securities
By Liz Walsh, Joshea Mark
On January 28, 2026, the Divisions of Corporation Finance, Investment Management, and Trading and Markets (collectively, the “Staff”) of the U.S. Securities and Exchange Commission (the “SEC”) issued another in…
Consumer Financial Services Law Monitor
Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – March 25, 2025
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week.…
Free Writings + Perspectives
SEC Staff Statement on Meme Coins and Commissioner Crenshaw’s Response
By Liz Walsh, Jennifer Zepralka
On February 27, in what is likely the first of many statements about crypto assets, the Staff of the U.S. Securities and Exchange Commission’s Division of Corporation Finance (the “Division”)…
Cleary Enforcement Watch
Trio of SEC Enforcement Actions Underscores Importance of Internal Controls, Including in M&A Context
By Matthew C. Solomon, Tom Bednar, Yasmeen Duncan
In the past few weeks, the Securities and Exchange Commission (“SEC”) has announced three settled enforcement actions alleging violations of the internal controls provisions of the federal securities laws. The…
The CLS Blue Sky Blog
SEC Chair Speaks on Markets, Securities Laws, and the SEC
By Gary Gensler
I’d like to welcome you—the nearly 120 members of the “Class of 2024” attending the SEC’s International Institute on Securities Market Growth and Development. As is customary, I’d like to…
Cleary Enforcement Watch
Keener, Almagarby, and the Scope of the “Dealer” Definition: Potential Implications for Fund Managers and other Investors
By James R. Burns, Brant Brown, Robin M. Bergen, Rachel Gerwin
With its decision in Securities and Exchange Commission v. Keener (May 29, 2024), the U.S. Court of Appeals for the Eleventh Circuit has now twice in the span of four…
SEC Actions
Cybersecurity Firm CEO Charged with Fraud
The purpose of the federal securities laws is to bring a new ethics to the marketplace. This point is often made when interpreting the statutes. It is also asserted…