ISS and Glass Lewis have updated their proxy voting guidelines. Key changes include policies on overboarding by public company directors and unilateral governance changes by boards.
On October 30, the SEC voted 3-1 to adopt final rules to permit eligible companies to offer and sell securities through crowdfunding—a relatively new and evolving Internet-based method ...
On October 30, the SEC voted 3-1 to propose amendments to Securities Act Rule 147 and Rule 504 of Regulation D. The proposed rule amendments are intended to modernize and expand the capit...
On September 17, 2015, the Commodity Futures Trading Commission settled its first enforcement action involving an unregistered Bitcoin derivatives trading platform. Coinflip, Inc. operate...
The New York Stock Exchange has amended its rules regarding the public release of material information, which will become operative on September 28. Most significantly, the amendments to ...
In the ongoing challenge to the SEC’s conflict minerals rule, the D.C. Circuit Court of Appeals, in a 2-1 decision, issued an opinion on August 18 upholding its April 2014 finding that ...
On August 5, 2015, in a 3-2 vote, the SEC adopted a final rule implementing the provision of the Dodd-Frank Act that requires U.S. public companies to disclose the ratio of their CEO’s ...
On July 1, the SEC issued a concept release, a forerunner to a potential rulemaking proposal, seeking public comment on whether to expand disclosure requirements about audit committees. T...
On July 1, 2015, in a 3-2 vote, the SEC proposed a rule implementing Section 954 of the Dodd-Frank Act, which requires listed companies to implement clawback policies to recover incentive...
The New York Department of Financial Services (NYDFS) has published its final “BitLicense” rule for virtual currency businesses, as announced by outgoing NYDFS Superintendent Lawsky i...
