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…

January 2019

Foreign Investments in Certain U.S. Companies Face New Mandatory Filing Requirements

The Committee on Foreign Investment in the United States (CFIUS), is an interagency committee under the U.S. Department of the Treasury, authorized to review certain transactions involving foreign investments in U.S. companies. They have established a new …

October 2018

Key Lessons in Disclosure & Social Media from the Elon Musk and Tesla Inc. Settlement

*The settlement between Musk/Tesla and the SEC was approved by a U.S. District Judge on October 16, 2018. This article was updated accordingly on that date.Elon Musk and Tesla Inc. recently reached a settlement with the SEC, after the commission filed enfo…

August 2018

SEC Rule 15c2-12 Amendments Require Disclosure of Additional Events

On August 15, 2018, the Securities and Exchange Commission (SEC) finalized and adopted amendments to Rule 15c2-12 of the Securities Exchange Act of 1934 (Rule 15c2-12), which proscribes certain notice requirements pertaining to obligations of state and loc…

July 2018

SEC Expands “Smaller Reporting Company” Definition

On June 28, 2018, the Securities and Exchange Commission (“SEC”) amended the definition of “smaller reporting company” so that more companies qualify and thereby enjoy reduced disclosure obligations. The change might also affect company status unde…

May 2018

SEC Releases Proposed Rule to Ease Auditor Independence Standard In Certain Situations

On May 2, 2018, the Securities and Exchange Commission (SEC) released a proposed rule (“Proposed Rule”) regarding auditor independence standards that aims to ease compliance burdens currently in place when an auditor maintains loans and/or debtor-credi…