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…

April 2018

Cryptocurrency Regulations are Taking Shape

As originally seen in Law Technology Today.Despite significant recent media coverage, questions remain regarding how regulators will treat cryptocurrencies. In light of these questions, it is critical for business leaders and investors to understand how U.

March 2018

Supreme Court Rules That Whistleblowers Must Report to the SEC to Benefit from Dodd-Frank Protections

On February 21, 2018, the U.S. Supreme Court held, in Digital Realty Trust, Inc. v. Somers[1] (“Digital Realty”), that the anti-retaliation protections for whistleblowers under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“D…

January 2016

SEC Adopts Amendment to Simplify Reporting Requirements for EGCS and SRCS

On January 13, 2016, the Securities and Exchange Commission (SEC) adopted “interim final amendments” to its rules and forms, simplifying certain reporting requirements for emerging growth companies (EGCs) and smaller reporting companies (SRCs), as requ…