SEC Adds to and Amends Broker-Dealer Financial Responsibility and Investor Protection Rules

• Hinckley Allen Securities Update
• August 14, 2013

On July 30, 2013, the Securities and Exchange Commission (“SEC”) made two significant announcements affecting broker-dealers: the adoption of new rules designed to increase protections for investors whose money and securities are held by SEC-registered…

New Hampshire: A Leading Jurisdiction for Trust Companies

• Hinckley Allen Banking & Financial Institutions Update
• August 8, 2013

In another big step forward for New Hampshire in the area of trust company regulation, on June 4, 2013, Governor Maggie Hassan signed into law House Bill 560, eliminating the New Hampshire Board of Trust Company Incorporation (Trust Board) and transferring…

SEC Lifts Ban on General Solicitation in Certain Private Securities Transactions, Disqualifies “Bad Actors” from Rule 506 Offerings

• Hinckley Allen Securities Update
• July 25, 2013

On July 10, 2013, the Securities and Exchange Commission (the “SEC”) adopted amendments to Rule 506 of Regulation D and Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) that eliminate the long-standing prohibition on ge…

New Delaware and Rhode Island Laws Define Benefit Corporations

• Hinckley Allen Corporate & Business Alert
• July 23, 2013

Legislation signed into law in both Delaware and Rhode Island last week has created a new hybrid form of business entity: benefit corporations. Benefit corporations (also known as “B-corps”) are a new category of for-profit corporation, in which boards…

Mortgage Foreclosure Procedures – New Massachusetts Regulations Effective June 21, 2013

• Hinckley Allen Client Update
• June 21, 2013

The Division of Banks released final amendments to the state Foreclosure Prevention regulations in early June, which implement Massachusetts General Laws ch. 244 §35B.  The revised regulations become effective June 21, 2013.  Use of the regulatory form …

SEC Issues FAQs on Conflict Mineral Rules

• Hinckley Allen Securities Alert
• June 14, 2013

On May 30, 2013, the Division of Corporation Finance at the Securities and Exchange Commission (the "SEC") issued Frequently Asked Questions ("FAQs") on disclosure relating to the use of conflict minerals from the Democratic Republic of the Congo (DRC) or …