In its third attempt over the past 15 years, the SEC adopted amendments to Regulation M to remove references to credit ratings, the last step in completing Dodd-Frank’s mandate to elimi...
While the new rules will not require stock buyback disclosure within one business day as was proposed, they mandate significant new disclosure relating to stock buybacks with no accommoda...
In a significant and welcome change from the SEC’s proposal, the agency will not mandate cooling-off periods for 10b5-1 plans used for corporate stock buybacks. For plan use by director...
The SEC’s proposals include cooling-off periods for Rule 10b5-1 trading plans, public disclosure around Rule 10b5-1 trading plans, significant new disclosures for option grants and stoc...
This week, the staff of the SEC issued a statement expressing a view that, despite the widespread practice to the contrary, most warrants issued in connection with a SPAC transaction shou...
This week, the SEC proposed to amend Rule 144 to revise the holding period determination for securities acquired upon conversion or exchange of certain types of convertible securities. Th...
On December 18, 2018, the SEC adopted a final rule implementing Section 955 of the Dodd-Frank Act, which requires U.S. public companies to disclose whether they permit their employees, of...
Nasdaq is proposing to change the requirements in Listing Rule 5635(d) for shareholder approval when a company issues common stock (or securities convertible into or exercisable for commo...
Minority equity investments in public companies are on the rise.These are often structured as an investment in convertible preferred stock to give the investor a senior position to other ...
Even as the equity markets worked through a difficult stretch globally in 2015, the equity derivative markets continued to play an important role for financial institutions, companies, ...
