SEC Issues Final Rule Amending Definition of “Accredited Investor”

• Hinckley Allen Corporate & Business
• September 3, 2020

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…

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

• Hinckley Allen Corporate & Business Trends
• January 22, 2019

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 …

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

• Hinckley Allen Securities
• October 9, 2018

*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…

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

• Hinckley Allen Public Finance and Securities
• August 28, 2018

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…

SEC Expands “Smaller Reporting Company” Definition

• Hinckley Allen Securities
• July 17, 2018

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…

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

• Hinckley Allen Securities Alert
• May 16, 2018

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…