SEC Expands the Definition of Accredited Investor

SEC rules governing accredited investors are designed to protect individual investors from risks that could result from the lack of regulatory oversight associated with unregistered private securities offerings. By expanding the definition of “accredited investor,” the SEC has provided more investors with the opportunity to access alternative investments and given companies, private-equity firms, and hedge funds access to a larger pool of investors.

SEC Adopts Amendments to Regulation S-K Items 101, 103, and 105

Under the rule amendments, the SEC significantly revised public company business disclosure rules for the first time in more than 30 years. The amendments were crafted from a proposed rule released in August 2019 that was part of a comprehensive review by the SEC of the disclosure requirements per a study mandated by the JOBS Act.

IRS Issues Proposed Regulations for Tax on Nonprofit Executive Compensation

The Internal Revenue Service has issued proposed regulations describing the rules regarding the 21 percent excise tax on compensation over $1 million and excess parachute payments paid by tax-exempt organizations to certain covered employees. The proposed regulations affect certain tax-exempt organizations, government entities, and certain entities that are treated as related to those organizations.

10-Q&A Episode 3: Interview of Professor Jon Smollen, Executive Director of the Temple Law Center for Compliance and Ethics

Andrew LeDonne (LAW ’21) interviews Jon Smollen, Director of the Temple Law Center for Compliance and Ethics

Interviewer:
Andrew Ledonne (LAW ’21)

Guest:
Jon Smollen
Practice Professor of Law, Executive Director
Center for Compliance and Ethics
Temple University Beasley School of Law