Today the SEC issued a stay of the conflict minerals rule – but the stay extends only to “the effective date for compliance with those portions of Rule 13p-1 and Form SD that would re...
The SEC staff has responded to the D.C. Circuit Court of Appeals’ April 14 decision, which found a key feature of the conflict minerals rule in violation of constitutional free-speech g...
The D.C. Circuit Court of Appeals issued an opinion today in the ongoing challenge to the SEC’s conflict minerals rule, holding that the rule violates the free-speech guarantee of the F...
Amid the recent uptick in U.S. IPO transactions to levels not seen since the heady days of 1999 and 2000, Davis Polk’s pipeline of deals remains robust, leading us to believe that stren...
A nonpublic company seeking access to the capital markets faces a largely binary choice between conducting a private placement, with few if any reporting obligations afterwards, and condu...
Today the public comment period ended for two proposals by the Public Company Accounting Oversight Board that we believe could dramatically increase the scope, length, cost and complexity...
Yesterday the Securities and Exchange Commission proposed rules under the JOBS Act that would permit startups and other businesses to raise investment capital through “crowdfunding” ?...
The SEC has posted on its website that it “will remain open and operational in the event the federal government undergoes a lapse in appropriations on October 1. Any changes to the SEC...
The PCAOB recently proposed two auditing standards in an effort to improve the auditor’s report that accompanies annual financial statements: The Auditor’s Report on an Audit of Fina...
On July 10, 2013, the SEC adopted amendments to the Regulation D and Rule 144A private-placement safe harbors, which will eliminate the prohibition on widespread advertising and other for...
