December 22, 2011

A Little Holiday Present: SEC Adopts Accredited Investor Net Worth and Mine Safety Disclosure Rules

Yesterday, without an open Commission meeting, the SEC adopted accredited investor net worth and mine safety disclosure rules.

Besides freaking out those that are now rushing to write memos about these new rules, many members asked if more adoptions are forthcoming before the end of the year given that the SEC’s Dodd-Frank implementation schedule was updated yesterday – and that still shows a lot of things planned for December.

Although anything can happen, I tend to doubt any new rulemakings will happen during the seven working days left for the year. The two that came out seriatim yesterday were non-controversial and I can’t imagine the SEC would adopt rulemakings that are more controversial – such as conflict minerals – without an open meeting. Although an open meeting is not required and like I said, anything can happen…

Oh Boy! The World’s Largest Holiday Disclaimer

It’s gonna be an annual thing. Reminding y’all of these funny disclaimers and holiday cards – see last year’s blog. And here’s a different excerpt from Intel Legal Department’s largest holiday disclaimer ever:

Please keep in mind that Some Quantum Physics Theories Suggest That When the Consumer Is Not Directly Observing This Product, It May Cease to Exist or Will Exist Only in a Vague and Undetermined State. Warning: Pregnant women, the elderly and children under 10 should avoid prolonged exposure to Happy Fun Ball. Caution: Happy Fun Ball may suddenly accelerate to dangerous speeds. Happy Fun Ball Contains a liquid core, which, if exposed due to rupture, should not be touched, inhaled, or looked at. Do not use Happy Fun Ball on concrete. Discontinue use of Happy Fun Ball if any of the following occurs: Itching Vertigo Dizziness Tingling in extremities Loss of balance or coordination Slurred speech Temporary blindness Profuse sweating Heart palpitations. If Happy Fun Ball begins to smoke, get away immediately. Seek shelter and cover head. Happy Fun Ball may stick to certain types of skin. When not in use, Happy Fun Ball should be returned to its special container and kept under refrigeration. Any resemblance to persons living or dead should be plainly apparent to them and those who know them, especially if the author has been kind enough to have provided their real names and, in some cases, their phone numbers. All events described herein actually happened, though on occasion the author has taken certain, very small, liberties with chronology, because that is his right as an American. Do not use near stairs.

The Best Holiday Video Ever…

Came across this very old classic “Hardrock, Coco, and Joe” embedded below. Can’t get enough of those “Oh-lee-o-lay-dee, o-lay-dee-I-ay’s”:

This old “Suzy Snowflake” video is a classic too…

Here’s a pretty funny “Wall Street On Trial” animated video from the Manhattan Institute. And Manatt’s holiday card this year is as funny as last year’s

– Broc Romanek