At an open meeting held June 28, 2018, the SEC voted unanimously to propose a new rule codifying exemptions to certain rules under the Investment Company Act. These exemptions have enabled the exchange-traded fund (ETF) industry to grow to more than $3.4 trillion in 24 years. In order to even the playing field for existing… Read More
The AICPA recently released for public comment a working draft of its Accounting and Valuation Guide: Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies (the “Guide”). The Guide is designed to provide investment companies that invest in securities issued by privately held enterprises with an overview of… Read More
In recent years, questions have been raised in many quarters about how brokers with questionable backgrounds have been able to move among firms and remain in the industry. FINRA has responded by enhancing a broker-dealer’s obligations for reviewing the backgrounds of its newly hired brokers. The SEC recently approved proposed FINRA Rule 3110(e), which requires… Read More
Download a free copy of our recently updated JOBS Act book. The updated book discusses emerging practices in IPOs by emerging growth companies, the SEC’s final Rule 506 rules and investor verification and other developments. You also may email us to obtain hard copies. Send an email to Harrison Lawrence at firstname.lastname@example.org.