Securities Law provides a resource hub for legal interpretations of new SEC© rules, mandates, or discussions.
Publisher: Sutherland In early March, the SEC© Division of Enforcement announced its Municipal Continuing Disclosure Cooperation Initiative. The initiative offers issuers and underwriters an opportunity to voluntarily self-report any potential material misstatements or omissions related to past compliance with continuous…
Publisher: Accounting Today Author: Douglass Dalton The SEC© has recently announced the implementation of a new rule that oversees municipal advisors in order to crack down on potential conflicts of interests at the expense of both institutional and retail investors.…
Publisher: The National Law Journal Author: Nick Akerman and Parker Schweich The Securities and Exchange Commission has ramped up its efforts in prompting public companies to take proactive steps in ensuring the integrity of market systems and customer data protection.…
Publisher: Securities Law Perspectives Author: Mary Hansen and William Carr On July 8th, 2014, the SEC© announced a settlement of charges against a CA school district for misleading bond investors about its failure to comply with its continuing disclosure obligations…
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…
Starting Tuesday, July 1st, 2014, the Dodd Frank required Municipal Advisor Form (Form MA) must be electronically filed using the SEC’s EDGARLink Online form filing site. All municipal advisor forms must be Live filed. The SEC© system does not permit…
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…
Publisher: NASPP At the same time that the IRS released regulations designed to clarify which restrictions constitute a substantial risk of forfeiture under Section 83, a recent tax court decision casts doubt on the definition in the context of employees…