... is for information only. It is not intended to create, and receipt of it does not constitute, a lawyer-client relationship. Materiality US Securities and Exchange Commission (SEC) Prescriptive disclosure Principles-based disclosure Regulation S-K Management’s Discussion and Analysis (MD&A) The US...

...@chapman.com © 2021 Chapman and Cutler LLP. 2021 2021 Chapman and Cutler LLP. Licensed re-use rights only US Securities and Exchange Commission (SEC) Division of Examinations Retail investor protection Information security Financial technology Anti-money laundering The US Securities...

...Christopher Palmer; Paul Delligatti; Andrew Zutz; William Lane Purpose To explain the new U.S. Securities and Exchange Commission (“SEC”) Rule 2a-5 (the “Fair Value Rule”) under the Investment Company Act of 1940 (the “1940 Act”), which addresses the valuation practices of registered investment...

...Richard J. Parrino Purpose This article examines the comprehensive amendments recently adopted by the US Securities and Exchange Commission (SEC) to its accounting and other rules that govern financial statement filing requirements for significant business acquisitions and dispositions. Design...

... Expert analysis and guidance from experienced securities attorneys who counsel clients on all manner of SEC regulatory policy matters. © Emerald Publishing Limited 2021 Emerald Publishing Limited Licensed re-use rights only US Securities and Exchange Commission (SEC) Accredited investor...

... the entire investment. Liu v. SEC US Securities and Exchange Commission (SEC) Enforcement Disgorgement Insider trading Three years ago, in June 2017, in a footnote to its unanimous opinion in Kokesh v. S.E.C., the Supreme Court left open two questions: “whether courts possess authority...

... of actual conflicts of interest[ 9 ]. Christine Ayako Schleppegrell can be contacted at: Christine.Schleppegrell@dechert.com © 2019 Dechert LLP. 2019 2019 Dechert LLP. Licensed re-use rights only US Securities and Exchange Commission (SEC) Enforcement Self-reporting Mutual fund...

... lawyers with broad experience in financial services, securities, investment funds, derivatives, and digital assets regulation and compliance. US Securities and Exchange Commission (SEC) Digital asset Securities SEC “Framework for ‘Investment Contract’ Analysis of Digital Assets,” SEC v. W.J. Howey...

...Aegis Frumento; Stephanie Korenman Purpose The purpose of this paper is to review the first two years of the US Securities and Exchange Commission (SEC) efforts to regulate cryptosecurities to assess the trends of that regulation. Design/methodology/approach The authors review the SEC’s...

...Michael R. Rosella; Vadim Avdeychik; Justin R. Capozzi Purpose This article provides an overview of the US Securities and Exchange Commission’s (SEC) recent approval of a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships...

... offer fund Closed-end fund US Securities and Exchange Commission (SEC) Investment Company Act of 1940 Rule 23c-3 Securities Exchange Act of 1934 Rule 13e-4 Fund sponsors are increasingly considering two similar types of registered closed-end investment companies known as “interval funds...

...Helene R. Banks; Bradley J. Bondi; Charles A. Gilman; Elai Katz; Geoffrey E. Liebmann; Ross Sturman; Nicholas S. Millington Purpose To explain the rule changes in Nasdaq’s new Listing Rule IM-5315-1, approved by the US Securities and Exchange Commission (SEC) on February 15, 2019, that permit...

... in the civil monetary penalty,” but the “presumption of a recommendation of no civil monetary penalty will not apply.”¹² US Commodity Futures Trading Commission (CFTC) CFTC Division of Enforcement US Securities and Exchange Commission (SEC) US Department of Justice (DOJ) Commodity Exchange...

... and Exchange Commission (SEC) Enforcement Broker-dealers Investment advisers Compliance policies and procedures Recently, the US Securities and Exchange Commission (“SEC”) resolved a pending enforcement action against a financial institution for allegedly failing to supervise a representative’s...

...Daniel Hawke Purpose To explain a February 20, 2019 US Securities and Exchange Commission (SEC) settled enforcement action against Gladius Network LLC for failing to register an initial coin offering (ICO) under the federal securities laws, in which Gladius was able to avoid a civil penalty...

... filings. Originality/value Practical guidance from experienced lawyers in the Corporate & Securities practice. Disclosure Confidentiality US Securities and Exchange Commission (SEC) Management's discussion and analysis (MD&A) SEC Regulation S-K On March 20, 2019, the US Securities...

... Botts LLP. 2019 Baker Botts LLP. Licensed re-use rights only 20 Per cent Rule Substantial Stockholder Issuance Rule US Securities and Exchange Commission (SEC) New York Stock Exchange (NYSE) On March 20, 2019, the US Securities and Exchange Commission (the SEC) approved amendments...

.... Justice Breyer delivered the opinion of the Court, in which Chief Justice Roberts and Justices Ginsburg, Alito, Sotomayor, and Kagan joined. Justice Thomas filed a dissenting opinion that was joined by Justice Gorsuch. In 2013, the US Securities and Exchange Commission (SEC) charged that Lorenzo...

... © DLA Piper LLP. 2019 DLA Piper LLP. Licensed re-use rights only Market manipulation Fraud US Securities and Exchange Commission (SEC) Short and distort scheme Short seller Short-selling analyst Enter any company name into your favored Internet search engine and look up financial...

...John J. Sikora Jr.; Stephen P. Wink; Douglas K. Yatter; Naim Culhaci Purpose To analyze the settled order of the US Securities and Exchange Commission (SEC) against TokenLot LLC (TokenLot), which was the SEC’s first action charging a seller of digital tokens as an unregistered broker-dealer...