Testimony on Updating the Electronic Communications Privacy Act Andrew Ceresney Director, Division of Enforcement Before the Committee on the Judiciary, United States House of Representatives Dec. 1, 2015 Chairman Goodlatte, Ranking Member Conyers, and Members of the Committee: Thank you for inviting me to testify today on behalf of the Commission concerning the Email Privacy…

http://www.cftc.gov/PressRoom/SpeechesTestimony/opagiancarlo-11 Guest Lecture of Commissioner J. Christopher Giancarlo, Harvard Law School, Fidelity Guest Lecture Series on International Finance Speeches & Testimony – CFTC Guest Lecture of Commissioner J. Christopher Giancarlo, Harvard Law School, Fidelity Guest Lecture Series on International Finance December 1, 2015 Given in Dedication to the late Dr. H.R. Giancarlo, M.D. – 1932…

How a Public Company Changes its Fiscal Year Are you thinking of changing your fiscal year-end?  It can be expensive.  When a public company wants to change its fiscal year it is an event that needs to have an 8-k filed.  On the Form 8-K a change in fiscal year is under Item 5.03, which…

ACI’s 32nd FCPA Conference Keynote Address Andrew Ceresney, Director, Division of Enforcement Washington, DC Nov. 17, 2015 Full text of this public speech can be found here. I. Introduction Thank you for that very kind introduction.  At the outset, let me give our standard disclaimer that the views I express today are my own and…

Remarks at the 34th Annual Current Financial Reporting Issues Conference Commissioner Michael S. Piwowar New York, New York Nov. 16, 2015 Thank you, Linda [Zukauckas], for that wonderful introduction. I appreciate the opportunity to discuss a few thoughts on the current and future state of financial reporting with you this afternoon.[1] As the conference brochure…

Surfing the Wave: Technology, Innovation, and Competition – Remarks at Harvard Law School’s Fidelity Guest Lecture Series Commissioner Kara M. Stein Nov. 9, 2015 Thank you, Professor [Hal] Scott, for that kind introduction. Before I begin, I need to issue the standard disclaimer that you may have heard other SEC Commissioners repeat: the views that…

SEC Adopts Rules to Permit Crowdfunding Proposes Amendments to Existing Rules to Facilitate Intrastate and Regional Securities Offerings FOR IMMEDIATE RELEASE 2015-249 Washington D.C., Oct. 30, 2015 —The Securities and Exchange Commission today adopted final rules to permit companies to offer and sell securities through crowdfunding.  The Commission also voted to propose amendments to existing…

FINRA’s Proposed Rules for Funding Portals Title III of the Jumpstart Our Business Startups Act (“JOBS Act”) was enacted in 2012 with the goal of increasing American job creation and economic growth. Specifically, Title III authorizes and regulates equity “Crowdfunding” which is basically using business models like Kickstarter and Indiegogo to sell equity securities. Under…

REGULATION FAIR DISCLOSURE             The Securities and Exchange Commission (“SEC”) has issued many laws that aim to protect investors in the securities market. Most of these laws deal with forced disclosure, a compelled transparency by publicly traded companies of mostly financial information that will create a well-informed, and therefore, safer market place. Some examples of…

The Jumpstart Our Business Startups Act (“JOBS Act”) was passed by Congress in April 2012 has been implemented in stages through a contentious standoff between the SEC and Congress.  This sweeping reform was passed by Congress and the SEC was not given sufficient resources to implement the JOBS Act. Timeline for JOBS Act Implementation Title…