News & Insights

Help
205 News Results

SEC Release No. 33-9244 / 34-64968 July 26, 2011 The SEC revised and re-proposed certain rules relating to asset-backed securities. The proposal would amend the registration and transactional requirements relating to shelf registration of asset-backed securities. For further detail on this proposal, see Malcolm Wattman, Frank Polverino Matthew Feig, SEC Re-proposal of Shelf Eligibility Conditions for Asset-Backed Securities and Applicability to Insurance-Linked Securities (Aug. 4, 2011) (CWT C&F Memo). Cross References SEC Press Release No. 2011-156 SEC Release No. 33-9117 / 34-61858 (initial

The SEC established the Advisory Committee on Small and Emerging Companies in 2011 to seek advice on its rules, regulations and policies as they relate to emerging companies or privately held small businesses and publicly traded companies with less than $250 million in public market capitalization in the areas of: raising capital through securities offerings, including private and limited offerings and initial and other public offerings; trading in the securities of emerging and smaller public companies; and public reporting and corporate governance requirements of emerging and smaller public

The Financial Reporting Manual - prepared by the staff of the Division of Corp. Fin. - has been updated and revised. The Manual is designed to be an internal reference document and to provide general guidance to Division staff. Click here to view manual and summary of changes (links externally to SEC website).

Section 12(g) of the Exchange Act requires an issuer to register with the SEC, even if the issuer is not listed on a national securities exchange, if the issuer is of a certain size and has a certain number of owners. Under the JOBS Act, registration of an unlisted issuer is not required if an issuer has less than 2,000 holders of record and, of those, less than 500 are not accredited investors. The SEC Division of Corporation Finance conducted the attached study, as obligated bySection 504 of the JOBS Act to examine current Exchange Act Rule 12g5-1(b)(3) (Definition of Securities "Held of

Reprinting a report by the Charlotte Observer , the House Financial Services Committee blog stated that community banks are finding ways to "trim regulatory costs and save money" with the help of certain provisions of the JOBS Act. According to the reprinted newspaper article, almost 100 U.S. banks were in the process of deregistering with the SEC in light of the higher number of investors that is now required to trigger a registration requirement. View blog post and related report here (links externally to House Financial Services Committee website).