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Nov 4, 2024 | 
jdsupra.com | Michael Birnbaum |Val Dahiya |Sarah Hanni
On October 21, 2024, the U.S. Securities and Exchange Commission’s (“SEC”) Division of Examinations (“EXAMS”) announced its 2025 Examination Priorities (the “2025 Priorities”), highlighting areas that it expects to target during examinations in 2025. The 2025 Priorities reinforce many of the same areas of focus as the 2024 priorities, including investment advisers to private funds, conflicts of interest disclosures, Regulation Best Interest (“Reg BI”), cybersecurity, and crypto assets.
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Jun 13, 2024 | 
jdsupra.com | Val Dahiya |Kelley A. Howes |Brian K. Kidd
Summary On June 5, 2024, a three-judge panel of the U.S. Court of Appeals for the Fifth Circuit (the “Fifth Circuit”) unanimously vacated the “Private Fund Adviser Rules,”[1] which the U.S. Securities and Exchange Commission (the SEC) adopted in August 2023, with compliance dates beginning September 14, 2024.[2] The Fifth Circuit found that in adopting the rules, the SEC exceeded its statutory authority under Section 206(4) and Section 211(h) of the Investment Advisers Act of 1940 (the...
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May 29, 2024 | 
jdsupra.com | Val Dahiya |Sarah Hanni
SummaryOn May 16, 2024, the SEC adopted amendments to Regulation S-P (“Reg S-P”). The finalized amendments (the “Amendments”) to Reg S-P are designed to address the expanded use of technology and corresponding risks that have emerged since Reg S-P’s original adoption.
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Apr 17, 2024 | 
jdsupra.com | Val Dahiya |Edward A. Imperatore |Scott Lesmes
On April 5, 2024, a jury in California federal court found a former corporate executive liable for insider trading in SEC v.
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Mar 13, 2024 | 
jdsupra.com | Val Dahiya |Kelley A. Howes
In November of 2023, FINRA made an initial rule filing with the Securities and Exchange Commission (SEC) pursuant to Exchange Act Rule 19b-4, seeking to amend FINRA Rule 2210 – Communications with the Public (the ”Communications with the Public Rule”).
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Mar 5, 2024 | 
jdsupra.com | Val Dahiya
MoFo continued its celebration of Black History Month by hosting a fireside chat with Washington, D.C. partner Val Dahiya and guest speaker Anita Hill. A Brandeis University Professor of Law, Social Policy & Women’s and Gender Studies and advocate for equality and civil rights, Anita is perhaps best-known for her 1991 testimony before the Senate Judiciary Committee, accusing then-U.S. Supreme Court nominee Clarence Thomas of sexual harassment.
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Jul 26, 2023 | 
lexblog.com | Val Dahiya
In a rare enforcement action of what may be a new indication of focus by the SEC, the Commission entered a settlement with a large broker-dealer in recently for Rule 13h-1 violations for large trader reporting failures. Although this enforcement action targeted a broker-dealer issue, it’s worth noting for public companies because individual executives sometimes trip over the 13H thresholds because their brokers aren’t paying attention.
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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.
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Mar 14, 2023 | 
lexblog.com | Shekida A. Smith-Sandy |Val Dahiya
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. Beginning with the release of the DAO Investigative Report in July [...]
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Mar 14, 2023 | 
lexblog.com | Val Dahiya |Tom Ahmadifar |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.
