Shareholders, Securities Act of 1933, Securities Regulation

On Remand From SCOTUS, Ninth Circuit Rejects Investor’s Efforts to Save Section 11 Direct Listing Claim, Holds Section 12(a)(2)...

Cooley LLP on 3/5/2025

On February 10, 2025, the US Court of Appeals for the Ninth Circuit issued the latest decision in Pirani v. Slack Technologies, a long-running case examining the tracing requirements under Sections 11 and 12 of the Securities...more

SEC Announces Increase in Registration Fee Rates Effective October 1, 2024

Wilson Sonsini Goodrich & Rosati on 8/21/2024

On August 20, 2024, the U.S. Securities and Exchange Commission (SEC) announced an increase in the fees that public companies and other issuers will be required to pay to register their securities, from $147.60 per million...more

SEC’s New Rules Give SPACs, Target Companies Much to Consider

DarrowEverett LLP on 2/28/2024

On January 24, 2024, the U.S. Securities and Exchange Commission (the “SEC”) adopted new final rules relating to special purpose acquisition companies (“SPACs”). The new rules affect both initial public offerings (“IPOs”) for...more

SEC Releases New Guidance on Tailored Shareholder Reports

Troutman Pepper Locke on 1/25/2024

On January 19, 2024, the Division of Investment Management staff at the Securities and Exchange Commission (SEC), released several responses to frequently asked questions (FAQs) related to the adoption of rules and form...more

Tailored Specifically: Recent SEC Regulatory Developments Relating To Advertising

Carlton Fields on 11/9/2023

I. INTRODUCTION AND OVERVIEW - Gary Gensler’s tenure-to-date as Chairman of the Securities and Exchange Commission (“SEC”) is striking for its exceptionally active rulemaking agenda. Two rulemakings of tremendous import to...more

SEC Proposes Changes to Fund Shareholder Reports, Prospectuses, SAIs, and Ads

Carlton Fields on 8/18/2020

On August 5, the SEC proposed what it called “comprehensive modifications to the mutual fund … disclosure framework.” ...more