Publishing Quotations of Securities in Interdealer Quotation Systems: Requirements for Brokers and Dealers Brokers and dealers are required to follow specific procedures prior to publishing quotations of OTC equity securities or submitting quotations for publication in any interdealer quotation system. Rule 15c2-11 (17 CFR 240.15c2-11, under the Securities and Exchange Act of 1934) and FINRA Rule…

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…

The Continuing Work of Enhancing Small Business Capital Formation Commissioner Luis A. Aguilar Public Statement Issued by the U.S. Securities and Exchange Commission[1] Nov. 19, 2015 Thank you and good morning. Let me start by extending a warm welcome to the panel members and other participants, including those viewing by webcast, to today’s Government-Business Forum…

SEC Proposes Rules to Enhance Transparency and Oversight of Alternative Trading Systems FOR IMMEDIATE RELEASE 2015-261 Washington D.C., Nov. 18, 2015 —The Securities and Exchange Commission today announced it has voted to propose rules to enhance operational transparency and regulatory oversight of alternative trading systems (ATSs) that trade stocks listed on a national securities exchange…

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…

The SEC prepared a release with highlights of the recommended final Regulation Crowdfunding rules  The recommended rules would, among other things, enable individuals to purchase securities in crowdfunding offerings subject to certain limits, require companies to disclose certain information about their business and securities offering, and create a regulatory framework for the intermediaries facilitating crowdfunding…

Does Regulation A+ provide an easier route to file suit against an issuer for material misstatements or omissions in connection with an offer or sale of securities under Section 12(a)(2) of the Exchange Act, compared to an offering under Regulation D? Yes! Here is an excerpt of an on point law firm memo published by…

Keynote Address at the 47th Annual Securities Regulation Institute: “Building a Dynamic Framework for Offering Reform”  Chair Mary Jo White New York, New York Oct. 28, 2015 Thank you, Alan [Beller], for that generous introduction. I am very pleased to be here to help kick off the 47th Annual Securities Regulation Institute. As some of…

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…

Page 3 of 7 1 2 3 4 5 7