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Preparing for the 2026 US Proxy & Annual Reporting Season: 10-K and Disclosure Trends
Webinar | November 10, 202512:00 a.m. – 1:00 p.m. EDTRegister here.
The proxy and annual reporting season may seem a long way off. However, in light of the amount of work and planning that goes into the proxy statement, annual report, and annual meeting of shareholders, this is the ideal time to begin preparations.
Fewer Comment Letters, Sharper Focus: 2025 SEC Comment Letters Trends
EY’s recent SEC Reporting Update highlights 2025 trends in comment letters issued by the staff of the Securities and Exchange Commission (the “Staff”) to registrants about disclosures in their periodic filings. The survey found that the volume of comment letters issued in the past year (ended June 30, 2025) declined, reversing the elevated volumes of
The State of the Private Markets in 2025
Nasdaq Private Market’s State of the Private Market: 2025 report shows private company valuations beginning to recover, liquidity programs surging, and private company performance stabilizing relative to public benchmarks following two years of turbulence.
In 2024, total proceeds raised through secondary tender offers surpassed venture-backed IPO volume. Over that same period, the number of private
AI Investment reaches all-time highs: The State of AI Fundraising
Funding for artificial intelligence (AI) companies totaled $47.3 billion globally in Q2 2025, the second-highest quarter on record and the third straight quarter above $40 billion according to CB Insights’ report The State of AI (Q2 2025). Total first half 2025 funding outpaced 2024 funding, raising $116.1 billion versus 2024’s $104.7 billion. Deal volume reached
Generative AI Applications in Financial Services
Generative artificial intelligence (AI) is reshaping the financial services sector, moving from pilot projects into scaled enterprise adoption. CB Insights’ latest report addresses 100 actual applications of generative Al in financial services and insurance (the “Report”). According to the Report, banks, insurers, and wealth managers are deploying large language models (LLMs) in order to improve
No Exit: Other Reasons to Stay Private
In No Exit, a recent paper, authors Brian J. Broughman, Matthew T. Wansley, and Samuel N. Weistein, describe how increased antitrust restrictions caused a decline in M&A exits by startups. However, instead of this leading to an increase in IPOs, companies remained private and used alternatives to access capital and liquidity.
Source: Broughman, Wansley, Weistein
Massachusetts AG Settles Fair Lending Action Based Upon AI Underwriting Model
While federal regulatory agencies retreat from enforcing disparate impact discrimination, at least one state agency has stepped forward. Massachusetts Attorney General Andrea Joy Campbell announced on July 10, 2025 a settlement with a student loan company, resolving allegations that the company’s artificial intelligence (“AI”) underwriting models resulted in unlawful disparate impact based on race and
SEC Formally Withdraws Various Proposed Rules
The Securities and Exchange Commission (SEC) formally withdrew the following proposed Gensler era rulemakings:
- Substantial Implementation, Duplication, and Resubmission of Shareholder Proposals Under Exchange Act Rule 14a-8. In July 2022, the SEC published a rule proposal that would have amended the substantive bases to exclude shareholder proposals under the shareholder proposal rule.
- Conflicts of Interest
Building the Future: Addressing the Need for AI Global Talent in the United States
Attracting global talent will be key to maintaining US leadership in Artificial Intelligence (AI). President Donald Trump’s recent executive orders aim to cut through barriers to accelerate AI development and amplify foreign investment to the United States to keep the nation at the forefront of this critical technology. Building the Future: Addressing the Need for