November 2020

Federal Reserve Expands Scope of Main Street Lending Program

On October 30, 2020, the Federal Reserve announced amendments to the Main Street Lending Program to offer more targeted support to smaller businesses that continue to be adversely impacted by the COVID-19 pandemic. The Federal Reserve also released revised…

SBA Seeks Approval of New PPP Loan Necessity Questionnaire for Borrowers of $2 Million or More

On October 26, 2020, the Small Business Administration (“SBA”) sought approval from the Office of Management and Budget to require Paycheck Protection Program (“PPP”) borrowers who, together with their affiliates, received loans of $2 million or mo…

October 2020

SEC Revises Exchange Act Rule 15c2-11; Key Changes to Retail Investor Protections and Quotations for Over-the-Counter Securities

On September 16, 2020, the Securities and Exchange Commission (“SEC”) adopted amendments to Rule 15c2-11 (the “Rule”) under the Securities Exchange Act of 1934 (the “Exchange Act”), an important component of the over-the-counter (“OTC”) reg…

PPP Alert: How M&A Activity Will Affect an Outstanding PPP Loan

On October 2, 2020, the U.S. Small Business Administration (SBA) promulgated SBA Procedural Notice 5000-20057 Paycheck Protection Program Loans and Changes of Ownership, that sets forth new guidance requiring Paycheck Protection Program (“PPP”) borrowe…

September 2020

SEC Issues Final Rule Amending Definition of “Accredited Investor”

The Securities and Exchange Commission (“SEC”) has issued a final rule (the “Rule") revising the definition of “accredited investor” under Regulation D promulgated under the Securities Act of 1933 (the “1933 Act”) [Click for link], which defi…

August 2020

Right of Publicity Laws: New Hampshire

A Q&A guide to New Hampshire right of publicity laws. This Q&A addresses the types of persons and aspects of identity protected by the right of publicity, remedies for violations of the right, defenses to right of publicity claims, personal jurisdi…