Earlier this month, the US House of Representative’s Financial Services Committee (the “Committee”) held a hearing entitled “The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor Access and Facilitating Capital Formation.” During the hearing, the Committee examined over thirty bills and is soliciting feedback from the public on these bills, as
Proposed EU ESG Reporting Changes Could Spare Many U.S. Companies
In my recent post discussing Trump administration changes affecting the world of D&O, I noted recent developments suggesting that the SEC seems poised to either withdraw or non-enforce the agency’s Climate Change Disclosure Guidelines, which, as discussed here, were finalized in March 2024. However, as I also noted, even if the guidelines are withdrawn,
SEC Investor Advisory Committee: Recommendations on Traceability and Insights on AI Disclosures and Retail Investor Fraud
The U.S. Securities and Exchange Commission’s Investor Advisory Committee (the “Committee”) will meet March 6, 2025. During this meeting, the Committee will present its recommendations to the SEC concerning traceability issues under Section 11 of the Securities Act of 1933. The agenda also includes a panel on Artificial Intelligence (AI)-related disclosures and another on retail
Ten Things: Essential Issues for In-House Counsel (2025 Edition)
Hello again everyone! As I have done for the past several years, I want to share a list of issues I believe in-house lawyers should pay attention to over the coming 12 months. I started doing this when I first became a general counsel way back when Julius Caesar took 23 stabs to the body
How Accurate Are Corporate AI Disclosures?
Artificial intelligence (AI) is emerging as a general purpose technology (GPT) with the potential to transform industries. As a result, the potential benefits of AI give firms strong reasons to adopt it – but also provides opportunities to exaggerate their investments in it. Unlike previous GPTs such as the steam engine or electricity, which required
SEC to Host Roundtable on Artificial Intelligence
The Securities and Exchange Commission today announced it will hold a roundtable discussion on Artificial Intelligence in the financial industry. The event takes place on March 27 from 9 a.m. to 4 p.m. at the SEC’s headquarters in Washington, D.C. and is…
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Scaling Core Earnings Measurement With Large Language Models
Large language models (LLMs) are capturing headlines and users as AI researchers push the limits of their capabilities. Those of us who work on understanding and analyzing corporations, whether as practitioners or researchers, are presented with two practical questions: What can these models do for us that wasn’t previously possible (their upside), and when, how,
SEC Announces Creation of Cyber and Emerging Technologies Unit
On February 20, 2025, the SEC announced the creation of the Cyber and Emerging Technologies Unit (CETU) “to focus on combatting cyber-related misconduct and to protect retail investors from bad actors in the emerging technologies space.” The CETU’s focus on protecting retail investors harkens back to similar SEC initiatives under former SEC Chairman Jay Clayton.
Acting
Implications of the First US AI Copyright Ruling and What it Means for You
Imagine creating something innovative—a bold new product or project—just to find out it might be infringing on someone else’s rights. This is the challenge laid bare by the groundbreaking U.S. copyright ruling involving AI that could shake up how business owners, content creators, and intellectual property owners operate in the world of AI.
Whether you’re
Navigating IP Challenges: A Guide for Startups
Many startups are pioneering technologies that are transforming the way we live, learn, and work. However, with great innovation comes great competition, and having a solid intellectual property (IP) strategy can make or break these companies, especially when these companies are in their early stages and IP may not be on top of mind. To