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
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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
SEC Disclosure Issues & Developments for FPIs and Preparing Your 20-F Filing
Webinar | January 15, 2024Register here.
During this session, Mayer Brown panelists, Brian Hirshberg, Jason W. Parsont, Thomas Kollar, and Gilat Abraham Zaefen will discuss US SEC disclosure priorities and other recent developments for foreign private issuers (FPIs) that should be priorities as they draft their annual reports. Topics will include:
- Artificial Intelligence
- Cybersecurity
SEC Office of the Investor Advocate Report
The Securities and Exchange Commission’s Office of the Investor Advocate recently released its Report on Activities for the Fiscal Year 2024 to Congress. The Securities Exchange Act of 1934 requires the Investor Advocate to file two reports annually with Congress. The Office is mandated to assist retail investors, identify problems that investors may have, analyze
Proxy Season: Hot Topics
On November 13, 2024, at the Practicing Law Institute’s 56th Annual Institute on Securities Regulation, panelists shared key updates from this year’s proxy season and highlighted emerging trends to watch in 2025. Public companies experienced favorable voting outcomes across compensation, activism, shareholder proposals, and director elections in 2024.
Activism and the Impact of the Universal
Market Outlook for IPOs in 2025: Insights from PLI’s 56th Annual Institute on Securities Regulation
On November 14, 2024, the Practising Law Institute’s 56th Annual Institute on Securities Regulation featured a panel discussion that provided valuable insights into the initial public offering (IPO) landscape for 2025.
The IPO Market
The outlook for IPOs in 2025 appears generally positive, with several key indicators suggesting a robust environment for equity issuance. IPO
SEC Division of Examinations Announces 2025 Exam Priorities
Priorities Include Artificial Intelligence and Other Emerging Technologies, Complex Products, Reg BI, Cybersecurity, Outsourcing, Private Funds and Compliance with New and Amended SEC Rules
On October 21, 2024, the Division of Examinations (the “Division”) of the U.S. Securities and Exchange Commission (“SEC”) released its examination priorities for fiscal year 2025 (which started October 1, 2024).
New York State Department of Financial Services Issues Industry Letter on Cybersecurity Risks Arising from Artificial Intelligence
On October 16, 2024, the New York State Department of Financial Services (DFS) issued an industry letter, Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks, providing guidance on the cybersecurity risks associated with the use of artificial intelligence (AI) and strategies for entities regulated by DFS (“Covered Entities”) to mitigate these risks.
SEC Compliance Outreach for Investment Adviser and Investment Company Senior Officers
The Securities and Exchange Commission recently announced that it will host a compliance outreach program on November 7, 2024 (see the program’s agenda) on Advisers Act and Investment Company Act related topics. The agenda covers a broad array of issues from exam priorities and enforcement activities to areas that have been the topic of
August 2024 U.S. Immigration Updates For Employers
As the federal fiscal year draws to a close on September 30, 2024, there are several notable updates from U.S. courts and federal agencies affecting the employment-based immigration system.
H-4 Employment Authorization Continues
The U.S. Court of Appeals for the D.C. Circuit issued a decision on August 2, upholding the regulation that authorizes the Department