On January 10, 2013, the Financial Industry Regulatory Authority (“FINRA”) announced that it is inviting prospective crowdfunding funding portals to voluntarily submit information to ...
On August 22, 2012, the SEC staff released Frequently Asked Questions (“FAQs”) about certain JOBS Act provisions that address the conduct of research analysts and the publication of r...
On July 11, 2012, the SEC adopted a rule requiring the national securities exchanges and FINRA to jointly propose and implement a plan that would require these organizations and their mem...
The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board’s Interpretive Notice concerning the application of MSRB’s fair dealing rules – MSRB Ru...
On May 3, 2012, the SEC reopened the comment period on a long-dormant proposal to amend the financial responsibility rules for broker-dealers. Proposed in March 2007 but never acted on by...
On March 27, 2012, the House of Representatives passed the Jumpstart Our Business Startups Act (the “JOBS Act”), in the same form passed by the Senate on March 22, 2012. The JOBS Act ...
On March 22, 2012, the Senate passed the Jumpstart Our Business Startups Act (the “JOBS Act”), in substantially the same form passed by the House of Representatives on March 8, 2012, ...
Today, the U.S. Senate passed the House version of the Jumpstart Our Business Startups (“JOBS”) Act with amendments only to place further limitations on the “crowdfunding” exempti...
A number of recent studies have noted a substantial decrease in IPOs by smaller companies and a perceived lack of hospitality to smaller companies in the public markets. Commentators have...
A National Exam Risk Alert released by the SEC’s Office of Compliance Inspections and Examinations reveals that the SEC staff is taking an expansive view of a broker-dealer’s obligati...
