January 12, 2023
To our clients and friends:
The Securities and Exchange Commission recently adopted a rule change mandating that Form 144 be filed electronically using EDGAR. Form 144 is required to be filed by directors, executive officers, large stakeholders, and other insiders for certain resale transactions of securities. The deadline to comply with the new electronic filing requirement is April 13, 2023.
Our Alert regarding the new provision is available here.
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January 4, 2023
To our clients and friends:
The SEC recently approved amendments to Rule 10b5-1 regarding insider trading plans to revise the conditions that must be met for insiders to be able to use the 10b5-1 affirmative defense including, among other things, cooling-off periods, representations from plan participants and new periodic disclosure requirements for issuers and their insiders.
Our Alert regarding the new requirements is available here.
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November 14, 2022
To our clients and friends:
The SEC recently adopted final rules directing the securities exchanges to establish listing standards requiring issuers to develop, implement and disclose executive compensation clawback policies. The new clawback requirements are in addition to the SEC’s current clawback rules, which remain in effect.
Our Alert regarding the new rules is available here.
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October 13, 2022
To our clients and friends:
The Federal Reserve issued a supervisory letter requiring regulated institutions that are currently engaged in or seeking to engage in crypto-asset-related activities to provide notice to the Federal Reserve and take certain other steps.
Our Alert regarding crypto-asset-related activities is available here.
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October 5, 2022
To our clients and friends:
Federal Reserve Governor Michelle Bowman recently discussed the need to modernize methods used to analyze effects on competition in markets when evaluating mergers and acquisitions. Our Alert regarding Governor Bowman’s comments is available here.
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