Shekida A. Smith-Sandy

May 17, 2023 | jdsupra.com | Thomas Ahmadifar |Valerie Dahiya |Shekida A. Smith-Sandy

The U.S. Securities and Exchange Commission (the SEC or the Commission) voted on Friday, April 14, 2023, to reopen the comment period for previously proposed amendments to Rule 3b-16 under the Exchange Act of 1934 (the Exchange Act).[1] Rule 3b-16 defines “exchange” as used in Section 3(a)(1) of the Exchange Act.[2] If adopted, the proposed amendments would expand the definition of “exchange” to capture a broader scope of trading platforms.

May 1, 2023 | jdsupra.com | Thomas Ahmadifar |Valerie Dahiya |Shekida A. Smith-Sandy

A new development has emerged in the series of changes to the regulation of finders (i.e., persons that receive compensation for making an introduction leading to a securities transaction) and mergers and acquisition brokers (M&A Brokers).

Apr 5, 2023 | jdsupra.com | Valerie Dahiya |Shekida A. Smith-Sandy

The Digital Asset SEC Timeline serves as an interactive compilation of select SEC guidance, enforcement actions, and speeches relating to the application of the federal securities laws to digital assets. Beginning with the release of the DAO Investigative Report in July 2017, the Timeline includes relevant information for analyzing the offering, issuance, and trading of certain digital assets in the context of the federal securities laws....

Apr 4, 2023 | lexblog.com | Shekida A. Smith-Sandy |Val Dahiya |Patrick Curtis

Perkins Coie LLP is pleased to bring you this updated Digital Asset SEC Timeline. The Digital Asset SEC Timeline serves as an interactive compilation of select SEC guidance, enforcement actions, and speeches relating to the application of the federal securities laws to digital assets.

Mar 15, 2023 | jdsupra.com | Thomas Ahmadifar |Valerie Dahiya |Shekida A. Smith-Sandy

On March 10, 2023, volatility resulting from concerns regarding runs on certain banks triggered trading halts in those banks’ stocks on the New York Stock Exchange (NYSE) and Nasdaq. March 13, 2023, saw additional trading halts on bank stocks. This post provides a brief explanation of the Limit Up Limit Down (LULD) rules that pause and prevent trading in a single security from taking place outside a specific range, either up or down, from the average trading price during the previous five minutes.