SEC© News and Public Statement is a content hub that provides up to date industry news and SEC© press releases.
Publisher: Akin Gump Authors: Alice Hsu & Jeremy Smith In the early weeks of July, The SEC© Division of Corporation Finance issued several new interpretations relating to the verification of “accredited investor” status for securities offerings pursuant to Rule 506c…
The SEC’s Division of Economic and Risk Analysis completed their assessment of the quality of XBRL exhibits submitted by issuers complying with the XBRL Rule requirement. The goal of the assessment was to help define a baseline of filer behavior…
The SEC© has been silent for years when it came to the quality of XBRL data. Earlier this month, long overdue guidance began with a sample letter being sent to certain Issuers. The Division of Corporation Finance sent the following…
Publisher: FEI Daily Author: Edith Orenstein The U.S. Securities and Exchange Commission recently issued a ‘Dear CFO’ Letter earlier this month, addressed to “certain public companies regarding their reports on Form 10-Q and the XBRL requirement to include calculation relationships.”…
Publisher: Lexology Authors: Dynda A. Thomas The Division of Corporation Finance has confirmed that there is a glitch in the EDGAR© filing system. EDGAR© is not accepting Exhibit 1.01 to the Form SD but is accepting Exhibit 1.02. Therefore, despite the Instructions…
SEC© Press Release The Securities and Exchange Commission today issued an order staying the effective date for compliance with the portions of Exchange Act Rule 13p-1 and Form SD that would require statements by issuers that the Court of Appeals…
Author: Keith F. Higgins, SEC© Division of Corporation Finance Published: April 29th, 2014 On April 14, 2014, the United States Court of Appeals for the District of Columbia Circuit issued a decision in National Association of Manufacturers, et al. v…
Publisher: Reuters Author: Nate Raymond A U.S. appeals court is set hear a case whose outcome could make it harder for the government to prosecute insider trading and potentially jeopardize several high-profile guilty verdicts, including that of SAC Capital Advisors…
Publisher: Dinsmore Authors: David Lavan, Andrew Gammill The SEC© has issued new guidance designed to help companies prepare their mandatory reports as the deadline approaches for publicly traded US companies to file new conflict mineral reports. Many companies have had…
Publisher: Weil, Gotshal & Manges LLP Since July 1st, 2013, the New York Stock Exchange and the Nasdaq Stock Market have required that a compensation committee of a listed company may select or obtain advice from a compensation consultant, legal…