Tag Archives: Securities and Exchange Commission (SEC)

Blockchain Technology and Securities Markets are the Focus of Recent SEC Investor Advisory Committee Meeting

On October 12, 2017, the U.S. Securities and Exchange Committee (“SEC”) held an Investor Advisory Committee (“IAC”) meeting which largely focused on blockchain technology and the implications for securities markets.  Based on the discussion at this meeting, the SEC is currently considering both the merits and risks linked to blockchain technology. Several IAC members in … Continue Reading

Corp Fin Takes Another Look at WKSI Waivers

The U.S. Securities and Exchange Commission’s Division of Corporation Finance (“Corp Fin”) recently updated its guidance concerning how it will evaluate requests for waivers by Well Known Seasoned Issuers (“WKSI”) who would otherwise become ineligible to be WKSIs under Rule 405 of the Securities Act..  According to Corp Fin, this update is more of a … Continue Reading

“Know Your Customer” No More? The SEC Signals a Uniform Fiduciary Standard May Be Coming for Broker-Dealers and Investment Advisers

This post was written by Terence Healy and Daniel Herbst. On March 1, 2013, the Securities and Exchange Commission (“SEC”) published a sweeping request for comments that may determine whether a uniform fiduciary standard will be required for all broker-dealers and investment advisers providing services to retail customers. Under the present regime, registered investment advisers … Continue Reading

SEC and DOJ Release Long Awaited FCPA Guidance

This post was written by Francisca M. Mok and John Tan. On November 14, the Securities and Exchange Commission and Department of Justice released their long-awaited guidance titled, A Resource Guide to the U.S. Foreign Corrupt Practices Act. According to the government’s press release, the 120-page guide “provides a detailed analysis of the U.S. Foreign … Continue Reading

The SEC’s New Rules on Conflict Minerals

What do the SEC and Leonardo DiCaprio have in common? Both have brought attention to the area of “conflict resources” in Africa. But whereas Leo has acted in a movie about so-called “blood diamonds,” the SEC is turning the spotlight on “conflict minerals.” Regrettably, the public will not be enjoying an SEC-produced summer blockbuster regarding … Continue Reading

SEC Whistleblower Program Makes its First Award

This post was written by James L. Sanders. An unnamed individual who provided information to the SEC about a securities fraud has been awarded $50,000 under the SEC’s Whistleblower Program. The award represents 30 percent of the monetary sanctions collected by the SEC in the case in which the whistleblower provided information. The whistleblower has … Continue Reading

11th Circuit Takes Direct Aim at SEC ‘Obey-the-Law’ Injunctions and Reminds Us All That Even the Very Broad Anti-Fraud Provisions Have Their Limits

This post was written by Amy J. Greer. In a recent appeal before the United States Court of Appeals for the 11th Circuit, there is little doubt that the SEC thought its case was something of an easy win. The story is not pretty. Richard L. Goble, the remaining defendant in the matter – everyone … Continue Reading

SEC Expands Its Cooperation With Global Regulators: Hedge Funds and Investment Advisors Take Note

This post was also written by Pablo Quinones and Joseph Prater. On March 23, 2012, the United States Securities and Exchange Commission (“SEC”) announced that it had entered into cooperation arrangements with the Cayman Islands Monetary Authority (“CIMA”) and the European Securities and Markets Authority (“ESMA”) in its continuing effort to improve global regulation of transnational … Continue Reading
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