Dodd-Frank.com

Exceptions to Beneficial Ownership Disclosure of Private Companies in Corporate Transparency Act

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The pending National Defense Authorization Act (NDAA) for Fiscal Year 2021 (H.R. 6395) will require many private companies to confidentially report the beneficial ownership of their common stock in many circumstances.  The beneficial ownership provisions are included in what is named the “Corporate Transparency Act.” The Corporate Transparency Act excludes... Read More

Topics: Uncategorized

Pending Defense Bill to Require Reporting of Beneficial Ownership of U.S. Private Companies

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The National Defense Authorization Act (NDAA) for Fiscal Year 2021 (H.R. 6395) conference report that passed the Senate will require private companies to report the beneficial ownership of their common stock in many circumstances.  The legislation generally excludes public companies from reporting. The provisions are buried in Title LXIV of... Read More

Topics: beneficial ownership reporting, Uncategorized

Court Refuses to Issue Preliminary Injunction to Halt Initial Coin Offering

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In SEC v. Blockvest, LLC, the United States District Court for the Southern District of California examined the SEC’s argument for a preliminary injunction halting an initial coin offering, or ICO. The complaint alleged that Defendants have been offering and selling alleged unregistered securities in the form of digital assets... Read More

Topics: Litigation, Public Companies and Securities, Uncategorized

Jobs Act 3.0

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This statement from Congresswoman Maxine Waters (D-CA), Ranking Member of the House Committee on Financial Services, confirms the House continues to work on JOBS Act 3.0. The press release notes six Democratic bills were being considered by the House Committee. Congresswoman Waters stated “Mr. Chairman, these Democratic measures that I... Read More

Topics: Public Companies and Securities, Uncategorized

Proposed Judgment in Conflict Minerals Case

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Update:  You can find the final judgment here. Pursuant to a court order, the parties to the conflict minerals case have filed a proposed judgment after they advised the court no further proceedings were necessary. The text of the proposed judgment is as follows: (1) The Court DECLARES pursuant to 28... Read More

Topics: Trump, Uncategorized

SEC Order Prevents Winklevoss Bitcoin Trust

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The SEC declined to approve a rule change submitted by Bats BZX Exchange designed to permit the listing and trading of the Winklevoss Bitcoin Trust. The SEC said it did not approve the proposed rule change because it did not find the proposal to be consistent with Section 6(b)(5) of... Read More

Topics: Uncategorized