ISAAC FUHRMAN BORGMAN—On March 21, 2022, the U.S. Securities and Exchange Commission (SEC) revealed a long-anticipated rule to enhance and standardize climate-related disclosures for investors among public companies. Under the unprecedented rule, the SEC would require a registrant to disclose information about: (1) the governance of climate-related risks and relevant risk management processes; (2) the […]
HARRIS BLUM—Congress enacted the Securities Act of 1933 to implement a full and fair disclosure regime in connection with public offerings of stock. The Act’s linchpin is its registration requirement, which forces companies (“issuers”) to file a registration statement with the SEC before selling shares to the public. A registration statement contains extensive disclosure about […]
IVAN SMERZNAK—The trading value of several stocks, most notably GameStop, has skyrocketed in recent months after members of a Reddit discussion board actively encouraged users to buy the stock to push prices higher. However, as investors rushed to participate in this upward trend, some trading platforms including Robinhood, Investment Brokers, and Charles Schwab temporarily restricted […]
CONNOR EVANS—On December 22, 2020, for the first time in over 40 years, the SEC voted unanimously to modernize its rules governing the way investment advisers advertise their services. The 430-page amendment streamlines the current rules regarding advertising and cash solicitation into a single rule. The original rules were adopted to prevent investment advisers from […]
