June 27, 2008

Corp Fin Issues Updated Section 16 and Form 8-K Guidance

Yesterday, Corp Fin issued:

Updated Form 8-K Compliance & Disclosure Interpretations

Updated Section 16 Compliance & Disclosure Interpretations

Section 16 No-Action Letter to Society of Corporate Secretaries

Alan Dye has already blogged on these on his “ Blog,” with more complete analysis coming up in “Section 16 Updates” in a week or so.

Society’s Annual Conference: Twelve Videos Posted

So far, I am the only person contributing to the Society’s FriendFeed room that I created – I’m not surprised given that it’s an experiment – and I’ve posted these 12 videos (each of them is no longer than a minute):

– Carl Hagberg & His Lifetime Achievement Award
– Carolyn Coffey on Conference Pilates
– Geoff Loftus on Latest in Society’s National Office
– Bob Woodward Luncheon Speech – Priceless
– Tom Kies & John Siemann: No Rap Song (Yet)
– John Truzzolino on Getting Involved in XBRL
– David Katz on Teaching the Youth
– Brian Lane on Meeting with SEC Staff
– Nicole Sanford on Technology Swat Team
– Jim Reda on Dealing with Advisors
– Welcome Reception – Society Conference
– Rapping with J&J’s Doug Chia

Thanks to these brave souls for trying this out. More than one person refused to be interviewed and I can’t say I blame them. But you only live once…

SEC Proposes to Amend Broker-Dealer Registration Requirements for Non-US B-Ds Working with US Investors

At Wednesday’s SEC open meeting, the SEC proposed amendments to Rule 15a-6, which provides an exemption from broker/dealer registration for non-US broker/dealers that conduct business with US investors. The proposals are not overwhelming, give that they incorporate many of the liberalized positions taken in SEC Staff no-action letters. We have started posting memos on this development.

– Broc Romanek