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SEC Announces First Enforcement Action Against Public Company for Misleading COVID-19 Disclosures

Summary - The Securities and Exchange Commission (SEC) announced today that it has settled its case against The Cheesecake Factory charging the national restaurant chain with providing misleading disclosures in filings—the...more

SEC Adopts Rule Amendments to Modernize Certain Disclosures Under Regulation S-K

By a 3-2 vote, the U.S. Securities and Exchange Commission (SEC) has adopted amendments designed to modernize the disclosure requirements involving description of business (Item 101), legal proceedings (Item 103), and risk...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

2020 Annual Meeting Considerations for Public Reporting Companies as a result of COVID-19

In an effort to limit exposure and contain Coronavirus Disease-2019 (COVID-19), public companies are monitoring developments in the outbreak and announcements from public health authorities and federal, state, and local...more

New SEC Thresholds in Definition of Smaller Reporting Company Effective September 10

The Securities and Exchange Commission (SEC) on June 28, 2018, adopted amendments to the definition of "smaller reporting company" (SRC) in Rule 405 under the Securities Act of 1933 (Securities Act), Rule 12b-2 under the...more

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