Topic
Securities
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The Securities Law Blog
SEC Modernizes the Submission of Certain Forms, Filings, and Materials Under the Securities Exchange Act of 1934
The Securities and Exchange Commission today adopted amendments to require the electronic filing, submission, or posting of certain forms, filings, and other submissions that national securities exchanges, national securities associations,…
Known Trends
Nasdaq Board Diversity Rules Struck Down
Our Client Alert discusses the recent ruling by the Fifth Circuit striking down Nasdaq’s board diversity rules. On December 11, 2024, the Fifth Circuit vacated the SEC’s order approving Nasdaq’s…
Regulatory Oversight
Eighteen State AGs and DeFi Education Fund Sue SEC for Approach to Digital Asset Regulation
By Troutman Pepper Locke State Attorneys General Team
On November 14, a coalition of 18 states, led by Utah Attorney General (AG) Sean Reyes, the outgoing chairman of the Republican AGs Association, filed a lawsuit against the U.S.…
SEC Actions
This Week In Securities Litigation (Week of December 16, 2024)
Last week the Commission filed several of new enforcement actions. Those cases included actions based on false statements, microcap fraud, an offering fraud and a sham transaction. In addition, the…
The CLS Blue Sky Blog
Announcement of the Formation of The Shadow SEC
We today announce the formation of The Shadow SEC, an independent organization of six current academics that, like the earlier established Federal Reserve Shadow Open Market Committee, is intended to…
The Securities Law Blog
SEC Announces Departure of Corporation Finance Division Director Erik Gerding
The Securities and Exchange Commission today announced that Erik Gerding, Director of the Division of Corporation Finance, will depart the agency effective Dec. 31, 2024. Upon Mr. Gerding’s departure, Cicely…
The Securities Law Blog
SEC Charges Former Representative of Advisory Firm SeaCrest with Cherry-Picking
The Securities and Exchange Commission today charged Eric Cobb of South Carolina with engaging in a fraudulent scheme where he allocated profitable securities trades to favored accounts and unprofitable trades…
The D&O Diary
Fifth Circuit Strikes Down Nasdaq Board Diversity Rules
On December 11, 2024, the Fifth Circuit, sitting en banc, and by a vote of 9-8, struck down Nasdaq’s board diversity rules. The full Court’s decision overrules an earlier ruling…
The D&O Diary
Supreme Court Dismisses Nvidia Case, 2nd Securities Suit Dropped This Term
At the outset of the current U.S. Supreme Court term, corporate and securities law observers and commentators were excited that the Court had agreed to take up two securities law…
The D&O Diary
ESG Backlash Securities Suit Against Target Survives Dismissal Motion
As I have documented on this site, conservative advocacy and legal groups have been pursuing an aggressive ESG backlash campaign. Among other things, these groups’ efforts have caused several high-profile…