What’s the Deal?
The Trust Indenture Act of 1939 (the “Trust Indenture Act” or the “TIA”)1 is the federal statute regulating the offer and sale of certain debt securities. The TIA, which is closely integrated with the...more
Here’s the deal:
Section 3(a)(2) bank note programs are medium-term note programs with a “bank” as the issuer
The issuer must be a “bank,” as defined in Section 3(a)(2) of the Securities Act
Bank note...more
Is today a Business Day? Good question, depends who you ask. The SEC’s EDGAR filing system is closed today for the Juneteenth Holiday. Because today is a federal holiday, today will not count as a business day in the filing...more
Here’s the deal:
MTN programs are designed to enable frequent debt issuers to access the market quickly, without the burden of negotiating a suite of takedown documents for each debt issuance.
...more
On October 30, 2018, the Financial Industry Regulatory Authority, Inc. (“FINRA”) filed a proposed rule change to amend FINRA Rule 5110 (Corporate Financing Rule – Underwriting Terms and Arrangements) (the “Rule”), which is...more
11/14/2018
/ Compensation & Benefits ,
Corporate Financing Rule ,
Debt Securities ,
Derivatives ,
Filing Requirements ,
Financial Industry Regulatory Authority (FINRA) ,
Institutional Investment ,
Lock-Up Requirements ,
Private Placements ,
Proposed Rules ,
Public Offerings ,
Securities and Exchange Commission (SEC) ,
Underwriting