...Lee T. Barnum; Karl A. Groskaufmanis; Nicole R. Love Purpose To explain and analyze the U.S Securities and Exchange Commission’s complaint filed in the U.S. District Court for the Southern District of New York against AT&T Inc. alleging repeated violations of Regulation FD (Fair Disclosure...

..., and ambiguities. The amendments contribute to the SEC’s ongoing disclosure effectiveness initiative by updating, clarifying, and codifying many requirements that had developed piecemeal in market practice or through guidance issued by the SEC’s staff. Originality/value This article provides expert guidance...

...Laura D. Richman; David S. Bakst; Robert F. Gray; Michael L. Hermsen; Anna T. Pinedo; David A. Schuette Purpose To describe the modernization and simplification amendments of certain disclosure requirements of Regulation S-K and related rules and forms recently adopted by the US Securities...

... of Enforcement. Chairman Giancarlo nominated James McDonald, a former federal prosecutor from the Southern District of New York, to be the Director of Enforcement in March 2017. Cooperation Disclosure Enforcement Market manipulation Self-reporting US Commodity Futures Trading Commission (CFTC...

..., this is not common practice in Europe. This new disclosure requirement may dissuade banks from offering to do certain deals for little cost and such offerings as “non-deal roadshows” and ratings advice could come under scrutiny (to the extent they cannot be provided without charge). Most banks have been working...

... passively for the long term” (Lin, 2015, p. 468). Disclosure Rule 10b-5 Securities and Exchange Commission (SEC) Materiality standard Reasonable investor Federal securities laws The materiality standard first prescribed by the Supreme Court in TSC Industries v. Northway, Inc...

... expenses. Design/methodology/approach – Provides background, including other similar SEC enforcement actions in relation to private equity and hedge funds; explains the regulatory violations in KKR’s broken deal allocation methodology and related disclosure; draws lessons and makes recommendations...

...Domenick Pugliese; Michael Rosella; David Hearth Purpose – To explain a guidance update recently issued by the USA Securities and Exchange Commission (SEC) Division of Investment Management that furthers the SEC’s goal of clear and concise, user-friendly disclosure by focusing on certain...

... advisers to funds deemed to hold plan assets, including definitions of “covered service providers” and “covered plans,” a listing of required disclosures, an explanation of disclosure timing and format, and a discussion of possible responses for advisers that are not covered service providers. Findings...

...Rita Molesworth; Deborah A. Tuchman; Dianne E. O'Donnell; Jonathan Burwick; James Lippert Purpose The paper aims to analyze amendments proposed by the US Commodity Futures Trading Commission to its disclosure, recordkeeping and reporting rules that are designed to resolve or minimize certain...

...W. Hardy Callcott; Elizabeth H. Baird; Timothy C. Foley; Paul M. Tyrrell Purpose The aim is to explain certain disclosure and other obligations of municipal securities dealers when they act as underwriters to municipal securities issuers, as contained in a Municipal Securities Rulemaking Board...

... been recently amended. Investments Form ADV Firm Brochure Supplement Disclosure © Emerald Group Publishing Limited 2011 Most advisers approached the new Brochure format requirements rather mechanically, not only using the mandatory headings in the required order but also...

... regulation and additional disclosure requirements. Design/methodology/approach The paper explains the background, including the application of FINRA's current research rules to only equity securities; definitions, including FINRA's proposed definition of a “debt security” as other than an “equity...

... exemption for the provision of services provided by Section 408(b)(2) must begin complying with the interim final amendments to the regulations under Section 408(b)(2) (the “Regulation”). Among other changes, the Regulation will require service providers to provide additional disclosures of direct...

... with significant new disclosure rules, and originators will be required to align their lending criteria for securitized exposures with loans made for their own banking book. Further amendments are in prospect. Originality/value The paper presents practical guidance by experienced securities lawyers. Capital...

...Chris Bates; Carlos Conceicao; Mark Poulton; David Pudge Purpose The purpose of this paper is to explain changes to Chapter 5 of the UK Disclosure and Transparency Rules (DTR 5), introducing new disclosure requirements relating to holdings of financial instruments that have a similar economic...

...Len Driscoll Purpose This paper aims to describe current moves by the securities industry toward e‐consent and e‐delivery of prospectuses and other financial communications. Design/methodology/approach The paper discusses the costs of the current paper‐based approach to investor disclosure...

...Richard J. Parrino; Miyun Sung Purpose This paper aims to explain the US SEC's final rules amending disclosure and reporting requirements for foreign private issuers. Design/methodology/approach The paper explains the purpose of and background to the amendments and summarizes those amendments...

...Lior J. Ohayon; Terisa H. Lee Purpose The purpose of this paper is to analyze disclosure issues relating to side letters between funds and individual investors or groups of investors, as discussed in recent reports by the Investors' Committee and the Asset Managers' Committee of the US President's...

... on the Use of Company Web Sites. Design/methodology/approach The Release provides guidance to public companies posting information on their web sites, including: when information posted on their web site is considered “public” for purposes of the “fair disclosure” requirements of Regulation FD...