Dodd-Frank Public Companies and Securities
SEC Approves Revised Nasdaq Rule for Shareholder Approval of Private Placements
Public Companies and Securities The SEC has approved an amendment to Nasdaq Rule 5635(d) to modify the circumstances in which shareholder approval is required for issuances of securities in private placement transactions. The revised rule provides shareholder approval is required prior to a 20% Issuance at a price that is less than the Minimum Price. A “20% Issuance”, for […] Read more →
Elon Musk, Twitter and Disclosure Controls and Procedures
Public Companies and Securities In perhaps the fastest moving SEC enforcement action of all time, the SEC charged Elon Musk with securities fraud on September 27, 2018 after settlement agreements reportedly fell... Read more →
ISS Issues FAQs on GICS Code 5020 Implementation
Executive Compensation, Public Companies and Securities On September 28, 2018, S&P Dow Jones Indices and MSCI, Inc. will introduce a new grouping to their Global Industry Classification Standard (GICS) system. This new... Read more →
SEC Staff Provides Relief for Form 10-Qs under Disclosure Simplification Rules
Public Companies and Securities SEC staff recently issued this Compliance and Disclosure Interpretation: Question 105.09 Question: On August 17, 2018, the SEC adopted amendments to certain disclosure... Read more →