Despite a change in SEC priorities, climate change disclosure is still an important part of a public company’s periodic filings and recent changes in policy affect those disclosures. This practice note discusses 2024 and 2025 market trends relating to disclosures...
Under Chair Paul Atkins, the Securities and Exchange Commission (SEC) is undergoing a philosophical and operational shift, marked by a retreat from aggressive enforcement, a rollback of prior rulemakings, and a renewed emphasis on innovation, market facilitation...
Lock-up agreements provide underwriters and placement agents with some assurance that the holder of such securities will not sell for a definitive period immediately following the proposed offering which could disrupt the trading market for the issuer's newly...
In May 2025, the SEC’s Division of Trading and Markets, along with a separate statement by SEC Commissioner Peirce, released FAQs that provide long-awaited clarity on the regulatory treatment of crypto asset activities by broker-dealers and transfer agents...
As broker-dealers and investment advisers increasingly deploy artificial intelligence (AI) applications across their business functions, they must ensure that these technologies operate in compliance with applicable securities laws and regulations. These include...
The Corporate Transparency Act (CTA), as enacted, mandates that certain U.S. and foreign entities disclose their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), aiming to curb illicit financial activities facilitated by anonymous...
Modernized Regulation A creates two tiers of offerings: Tier 1, for offerings up to $20 million (including no more than $6 million on behalf of selling security holders) in a 12–month period; and Tier 2, for offerings currently up to $75 million (including...
When engaging in a private placement of limited liability company (LLC) interests, it is essential to tailor the requisite agreements to the corporate form and the circumstances of the LLC. Use this template to draft a short-form subscription agreement in connection...
In the wake of the Trump administration's temporary pause of enforcement of the Foreign Corrupt Practices Act (FCPA), the global anti-corruption landscape is undergoing a significant transformation. Read this client alert digest for details on the Trump administration’s...
From time to time, it is necessary for customers to arbitrate with broker-dealers, and their associated persons, pursuant to the Financial Industry Regulatory Authority Code of Arbitration Procedure for Customer Disputes. Read this practice note for the steps required...
The Commodity Futures Trading Commission (CFTC) has undergone significant regulatory, enforcement, and leadership changes recently, signaling a pivotal shift in its approach to market oversight. Read this client alert digest for the most impactful recent developments...
Debt tender offers are highly regulated and complex. Companies intending to engage in one should identify key considerations and regulatory requirements for issuers undertaking a debt tender offer for cash, including evaluating liquidity, applicability of SEC tender...
The Nasdaq stock market is attempting to tame volatility by making changes to their initial listing rules. The changes affect how public float is calculated and raise the minimum amount of public float to $15 million, except for companies that report above a minimum...
Companies tend to disclose their political contributions in the Management Discussion & Analysis (MD&A) section, Business section, and Risk Factors section of their periodic reports. Although there is no explicit regulatory requirement to make such disclosures...
On March 27, the Securities and Exchange Commission said it would no longer defend regulations that it had originally adopted in March 2024, requiring some of the world's largest corporations to publicly disclose the effects climate change could have on their...