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SEC Adopts Rules to Enhance and Standardize Climate-Related Disclosure

The Securities and Exchange Commission (SEC) adopted rules expanding climate-related disclosure requirements in annual reports and registration statements for U.S. public companies and foreign private issuers. The final...more

Review of the Accredited Investor Definition Under Dodd-Frank

On December 14, 2023, the Securities and Exchange Commission (SEC) released a staff report on the definition of accredited investor, examining the current status of the accredited investor pool and discussing several...more

SEC Modernizes Beneficial Ownership Reporting Rules

Summary - On October 10, 2023, the Securities and Exchange Commission (SEC) adopted amendments to the rules governing beneficial ownership reporting under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934...more

SEC Adopts Amendments Regarding Share Repurchase Disclosure Modernization

Summary - On May 3, 2022, the Securities and Exchange Commission (SEC) adopted final rules to modernize disclosure requirements relating to the repurchase by issuers of equity securities that are registered under the...more

SEC Adopts Amendments Regarding Rule 10b5-1 Trading Arrangements and Related Disclosures

Summary - The Securities and Exchange Commission on December 14, 2022, adopted final rules to amend Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (Exchange Act). The amendments apply a cooling-off...more

SEC Proposes Rule Amendments to Modernize Beneficial Ownership Reporting

Summary - The Securities and Exchange Commission (SEC) is proposing to amend certain rules that govern beneficial ownership reporting. The proposed amendments include comprehensive changes to Regulation 13D-G and...more

SEC Proposes Changes Relating to Rule 10b5-1 Trading Plans and Disclosure Requirements

Summary - For the past 20 years, publicly-traded companies have employed 10b5-1 trading plans that allow company insiders to trade the company’s stock even while in possession of material nonpublic information. The...more

SEC Broadens ‘Accredited Investor’ Definition to Give More Investors Access to Private Offerings

The Securities and Exchange Commission voted 3-2 last week to adopt amendments to the “accredited investor” definition, one of the tests the SEC uses to determine eligibility to invest in unregistered private offerings of...more

SEC’s Division of Corporation Finance Releases Four COVID-19 Related FAQs

On May 4, 2020, the staff of the Division of Corporation Finance (the Staff) of the United States Securities and Exchange Commission (Commission) released guidance in the form of four frequently asked questions (FAQs) related...more

SEC Forms Cross-Divisional COVID-19 Market Monitoring Group and Announces Investor Advisory Committee Meeting

In an effort to keep up with the monitoring of, and response to, the effects and evolving dynamics of the COVID-19 pandemic, on April 24, 2020, the Securities and Exchange Commission (SEC) announced the formation of an...more

Delaware Issues Modified Order Relating to Remote Meeting of Shareholders and Shareholder Notices

As companies continue to grapple with the impact of the COVID-19 outbreak on their ongoing operations, shareholder meetings have become an area of increasing concern for those companies subject to the reporting requirements...more

SEC Provides Filing Extension for Reporting Companies and Individuals Affected by Coronavirus

The fallout from the 2019 coronavirus disease (COVID-19) outbreak has significantly impacted a number of global industries and financial markets, causing uncertainty and disruptions that continue to evolve....more

An In-Depth Look at SEC's Proposed 'Test-the-Waters' Expansion

The Securities and Exchange Commission (SEC) recently voted to propose new Rule 163B under the Securities Act of 1933, as amended (the Securities Act), and amendments to Rule 405 (collectively, the Proposed Rule) promulgated...more

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