The Role of Brokers and Funding Portals in Crowdfunding Transactions
Broker-Dealer, Public Companies and Securities All crowdfunding transactions under the JOBS Act must be conducted either through a registered broker or a new type of regulated entity called a funding portal. While we discuss these obligations in detail below, we have a few preliminary observations based on those obligations and our recent blog post on issuer obligations: Brokers and funding [...] Read more →
JOBS Act Effect on Private Equity and Hedge Funds
Private Equity Some publications have predicted widespread changes in the way hedge funds and private equity funds are marketed. The speculation is based on the JOBS Act elimination of... Read more →
Winning and Losing Provisions of the JOBS Act
Broker-Dealer, Private Equity, Public Companies and Securities The House of Representatives has passed the Senate version of the Jumpstart Our Business Startups Act, or JOBS Act, and President Obama is expected to sign the legislation. ... Read more →
JOBS Act on the Way
Banking, Broker-Dealer, Private Equity, Public Companies and Securities The House of Representatives has passed the Senate version of the Jumpstart Our Business Startups Act ,or JOBS Act, and President Obama is expected to sign the legislation. Some... Read more →
OECD Issues Due Diligence Guidance for Responsible Supply Chains—Gold
Public Companies and Securities The OECD has issued a “Supplement on Gold” which forms an integral part of the OECD Due Diligence Guidance for Minerals from Conflict-Affected and High-Risk Areas. ... Read more →
ISS’ Peer Groups Begin to Spur Complaints
Executive Compensation One of the changes to ISS’ methodology on evaluating executive compensation this year related to the construction of peer groups. The ISS peer group is generally comprised of... Read more →
FDIC Approves Two Notices of Proposed Rulemaking
Banking The FDIC Board has approved two Notices of Proposed Rulemaking. The first would implement section 201(c)(16) of the Dodd-Frank Act, which permits the FDIC as receiver for a... Read more →
CFPB Sharing Complaints With FTC
Banking, Consumer Protection The Dodd-Frank Act requires the CFPB to share consumer complaint information with the Federal Trade Commission, or FTC, and other state and federal agencies. Last August, the... Read more →
SEC Approves FINRA Rule Change Regarding Non-Arbitration of Whistleblower Disputes
Broker-Dealer, Litigation On November 21, 2011, the Financial Industry Regulatory Authority, Inc., or FINRA, filed with the SEC a proposed rule change to amend FINRA Rule 13201 of the Code of Arbitration... Read more →
Office of Financial Research Releases FY 2012-2014 Strategic Framework
Banking The Treasury’s Office of Financial Research, or OFR, released its Strategic Framework for FY 2012 to FY 2014. The strategic framework explains the goals and principles that will... Read more →