Small Business Securities Bulletin - SEC Approves Nasdaq Rule Addressing...
A periodic bulletin keeping small businesses informed about current developments in securities law and related matters. Final Nasdaq Rule - In our October 2012 Bulletin, we discussed The NASDAQ Stock...
View ArticleSmall Business Securities Bulletin - Smaller Reporting Companies Become...
A periodic bulletin keeping small businesses informed about current developments in securities law and related matters. For the first time, smaller reporting companies are subject, in 2013, to the...
View ArticleSmall Business Securities Bulletin: Updated COSO Internal Control Framework
As many of our readers are well aware, SEC reporting companies are required to maintain internal control over financial reporting to ensure accurate financial statements, and to evaluate the...
View ArticleSmall Business Securities Bulletin: Regulation FD and Social Media
As we discussed in our February Bulletin, late last year Netflix and its CEO, Reed Hastings, each received a notice from the SEC Staff indicating that the Staff intended to recommend to the SEC that it...
View ArticleSmall Business Securities Bulletin: The Private Placements They Are A-Changin...
By way of background, pursuant to Section 5 of the Securities Act of 1933 (Securities Act) and state securities laws, any offer and sale of a security must be registered with the Securities and...
View ArticleSmall Business Securities Bulletin: By Popular Demand - SEC Proposes...
By way of background, pursuant to Section 5 of the Securities Act of 1933 (Securities Act) and state securities laws, any offer and sale of a security must be registered with the Securities and...
View ArticleGimme an "A!" The SEC Proposes Regulation A Offerings for up to $50 Million
As we have noted in prior Bulletins, pursuant to Section 5 of the Securities Act of 1933 (Securities Act) and state securities laws, any offer and sale of a security must be registered with the...
View ArticleSmall Business Securities Bulletin: Recent SEC Enforcement Actions Impact...
There was not a lot of Securities and Exchange Commission (SEC) activity this past Spring and Summer that was directly relevant to most small and medium-sized SEC reporting companies, with the SEC...
View ArticleSmall Business Securities Bulletin: SEC Proposes Disclosure Rules on Director...
Last week the Securities and Exchange Commission (SEC) proposed amendments to its rules and forms, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), that would...
View ArticleSmall Business Securities Bulletin: Making the Grade - SEC Finalizes Revision...
As we have noted in prior Bulletins, pursuant to Section 5 of the Securities Act of 1933 (Securities Act) and state securities laws, any offer and sale of a security must be registered with the...
View ArticleSmall Business Securities Bulletin: SEC Proposed Pay-Versus-Performance...
A periodic bulletin keeping small businesses informed about current developments in securities law and related matters. As required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the...
View ArticleSmall Business Securities Bulletin: SEC Adopts Long-Awaited Crowdfunding Rules
A periodic bulletin keeping small businesses informed about current developments in securities law and related matters. By way of background, pursuant to Section 5 of the Securities Act of 1933...
View ArticleSmall Business Securities Bulletin: Standard Confidentiality Provisions May...
As we discussed in our June 2011 Bulletin, available here, SEC rules promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), pursuant to Section 21F thereunder as enacted by...
View ArticleSmall Business Securities Bulletin: 505 Is Not Alive: SEC Adopts New and...
As we have discussed in prior Bulletins, pursuant to Section 5 of the Securities Act of 1933 (Securities Act) and state securities laws, any offer and sale of a security must be registered with the...
View ArticleSEC to Require Hyperlinks to Exhibits in Registration Statements and Exchange...
The Securities and Exchange Commission (SEC) has adopted amendments to its rules and certain forms that will require registrants to include an active hyperlink to each filed exhibit as identified in...
View ArticleSEC Amends Definition of "Smaller Reporting Company"
The Securities and Exchange Commission (SEC) has adopted amendments to its rules and forms to amend the definition of "smaller reporting company." Companies that qualify as smaller reporting companies...
View ArticleSEC Adopts Inline XBRL for Tagged Financial Statement Data
The Securities and Exchange Commission (SEC) has adopted amendments to its rules and forms that require the use of Inline eXtensible Business Reporting Language (XBRL) for financial statement...
View ArticleSEC Staff Withdraws No-Action Letter that Prohibited Closed-End Funds from...
On May 27, 2020, the Staff of the Securities and Exchange Commission's ("SEC") Division of Investment Management (the "Division") published a Statement entitled "Control Share Acquisition Statutes"...
View ArticleSEC Expands the "Accredited Investor" Definition to Cover Additional...
The Securities and Exchange Commission (Commission) last week adopted amendments to Rule 501(a) (Rule) of Regulation D under the Securities Act of 1933, as amended (Act), to add additional categories...
View ArticleSEC Proposes Broker Registration Exemption for Certain "Finders"
On October 7, 2020, the Securities and Exchange Commission (Commission) proposed a conditional exemption from the broker registration provisions of the Securities Exchange Act of 1934 (Exchange Act)...
View ArticleMaryland and Mississippi Among First Three States to Adopt New Requirements...
On February 8, 2022, the North American Securities Administrators Association (NASAA) announced that Maryland, Mississippi, and Vermont were among the first three states to adopt and implement...
View ArticleAnalyzing Whether Section 18(I) of the Investment Company Act Really Permits...
Section 18(i) of the Investment Company Act of 1940 (the Act) requires, except as set forth in therein and "as otherwise required by law," that each share of stock issued by a registered closed-end...
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