Longfin, Rule 144 and Affiliate Status
Litigation, Public Companies and Securities The United States District Court for the Southern District of New York recently issued an opinion granting a preliminary injunction with respect to alleged Section 5 violations by certain persons associated with ill-fated Regulation A+ issuer Longfin. More specifically, the preliminary injunction extends until the conclusion of the case an emergency order previously entered by […] Read more →
SEC Proposed Interpretive Guidance for Investment Advisers: Implications for Private Equity
Investment Advisers, M&A The SEC’s recent proposed guidance for investment advisers has implications for private equity sponsors. Perhaps the most important part of the guidance for private equity... Read more →
Yahoo/Altaba Agree to $35 Million SEC Penalty for Failure to Disclose Massive Security Breach
Litigation, Public Companies and Securities In perhaps the SEC’s first major shot across the bow, Yahoo (now known as Altaba) has agreed to pay the SEC $35 million for failure to disclose a massive security breach to its... Read more →
SEC Proposes Regulation Best Interest for Broker-Dealers
Broker-Dealer, Investment Advisers The SEC has proposed two rules and an interpretation to address retail investor confusion about the relationships that they have with investment professionals and the harm that... Read more →