SEC Provides Relief for Bank Holding Companies to Facilitate JOBS Act
Banking, Public Companies and Securities, Uncategorized The JOBS Act increased the threshold of registration under Section 12(g) of the Exchange Act from 300 to 1,200 persons. The JOBS Act does not on its face provide relief from Exchange Act reporting requirements under Section 15(d), which applies if the issuer files or updates a registration statement in the current fiscal year. However, [...] Read more →
SEC Names Thomas Butler as Director of New Office of Credit Ratings
Public Companies and Securities, Uncategorized The SEC has announced that Thomas J. Butler has been appointed Director of the agency’s new Office of Credit Ratings. The SEC’s Office of Credit Ratings was created by... Read more →
JOBS Act Allows Many Community Banks to Deregister with SEC
Banking, Public Companies and Securities According to a recent report published by SNL Financial, community banks across the country are deregistering their stock with the SEC. These community banks are taking... Read more →
Advertising by Hedge Funds and Private Equity Groups After the JOBS Act
Investment Advisers, Private Equity, Uncategorized The JOBS Act directs the SEC to eliminate the prohibition on general solicitations for securities offerings under Rule 506. Once the prohibition is eliminated, many advisers to... Read more →