Dodd-Frank Public Companies and Securities
SEC Grants First Rule 506 Bad Actor Waiver
Public Companies and Securities The SEC has granted the first bad actor waiver under Rule 506 to RBS Securities. RBS pointed out the following to the SEC: The disqualifying judgment arose out of a single offering of residential mortgage-backed securities in 2007. The conduct did not pertain to offerings under Regulation A or D. RBS Securities has taken steps […] Read more →
PCAOB Reproposes Rule Requiring Engagement Partner to be Named in Audit Report
Broker-Dealer, Public Companies and Securities The Public Company Accounting Oversight Board has reproposed for public comment amendments to PCAOB auditing standards that would provide greater transparency into audits of... Read more →
Rule 506 FAQs: Some Answers, Some New Questions
Broker-Dealer, Consumer Protection, Investment Advisers, Private Equity, Public Companies and Securities On December 4, 2013, the SEC released a new batch of FAQs regarding new Rules 506(d) and 506(e). Before diving in to the clarifications provided and the new uncertainties raised... Read more →
Nasdaq Proposes Changes to Compensation Committee Independence Requirements
Executive Compensation, Public Companies and Securities, Uncategorized When implementing SEC Exchange Act Rule 10C-1 regarding the independence of compensation committee members, Nasdaq adopted a prohibition on the receipt of compensatory fees by... Read more →