February 28, 2024
Devon Roberson (LAW ’19) and several Dechert attorneys recap significant SEC reforms on money market funds and private liquidity fund reporting.
November 16, 2023
Elizabeth K. Lange (LAW ‘09), Elizabeth A. Diffley, and Sheremy R. Anderson of Faegre Drinker co-authored an article discussing practical tips for companies preparing ESG disclosures. In an era of heightened stakeholder interest and regulatory oversight, companies must be thoughtful in crafting ESG-related disclosures.
Three former Directors of the SEC Division of Enforcement, all Temple Law alumni, discussed developments from insider trading to crypto scams and the evolution of securities enforcement past, present, and future at a roundtable moderated by Professor Tom C. W. Lin.
On December 3, the SEC adopted Rule 2a-5 under the Investment Company Act of 1940, as amended. Under Rule 2a-5, determining fair value in good faith with respect to what a fund will require: (1) the periodic assessment and management of material risks associated with the determination of the fair value of the fund’s investments,
On December 1, 2020, The Nasdaq Stock Market filed a proposed rule with the U.S. Securities and Exchange Commission (SEC), which, if approved, will require listed companies to disclose the racial, LGBTQ+ status, and gender makeup of their boards of directors and have a minimum number of diverse directors or explain why they could not—or elected not to—achieve the established targets.
On October 7, 2020, the Securities and Exchange Commission (SEC) voted to provide much needed clarity to the regulatory status of so-called “finders” who assist small businesses in raising capital. In a 3-to-2 vote, the SEC proposed a Finder exemption to the broker-dealer registration requirements of Section 15(a) of the Securities Exchange Act of 1934 to allow unregistered natural persons, referred to as finders, to engage in certain limited activities to assist issuers in raising capital from accredited investors.
On October 7, 2020, the Securities and Exchange Commission (SEC) adopted Rule 12d1-4 and other amendments under the Investment Company Act of 1940, as amended, which streamline and enhance the regulatory requirements for registered investment companies and business development companies to acquire shares of other funds in excess of the limits in Section 12(d)(1) of the 1940 Act.
Temple Law Professor Harwell Wells writes about the history of the Securities and Exchange Commission’s (SEC) Enforcement Division for the SEC Historical Society and how the Division has been underfunded.
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.
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.