On December 29, 2021, First Financial Credit Union, Skokie, Illinois completed a private placement of $2.0 million of its 4.25% fixed rate subordinated notes due January 1, 2032. The subordinated notes are intended to qualify as secondary capital under NCUA rules.
Read More...On December 17, 2020, the NCUA adopted a final rule expanding access to subordinated debt and modifying the NCUA’s existing secondary capital rules for low-income designated credit unions.
Read More...To our clients and friends:
The SEC has adopted new rules relating to the required use of a universal proxy card in a director election contest. The new rules go into effect with respect to any shareholder meeting held after August 31, 2022.
Our Alert regarding the new rules is available here.
Read More...To our clients and friends:
Nasdaq's proposal to adopt new listing rules related to board diversity requirements and disclosure has been approved by the SEC.
Our Alert regarding the new rules is available here.
Read More...We have become aware of a potential scam in which an e-mail is being sent by an anonymous employee to a company’s Ethics Committee identifying a potential insider trading violation by the employee’s superior at the company. This e-mail has been received by several clients through their whistleblower procedures. Please note that we believe this to be a phishing scam. As a result, before you respond to the e-mail or further engage with this party, we would recommend that you notify your IT department and discuss with us whether the potential claim is valid.
The contact information for our partners is contained below:
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