Yesterday, Corp Fin updated its “Securities Act Rules Compliance and Disclosure Interpretations” to provide 14 new interpretations clarifying the application of the “bad actor” disqualifications from Rule 506 offerings. In this blog, Blank Rome’s Yelena Barychev provides a summary – and in this blog, Leonard Street’s David Jenson provides some analysis – and here’s Keith Bishop’s take.
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PCAOB Reproposes “Disclosure of Engagement Partner” Standards
Yesterday, the PCAOB reproposed amendments to its auditing standards that would provide disclosure about the engagement partner and certain other participants in the audit, including seeking input on what types of disclosure would be useful, the potential costs, etc.
SEC Chair White Speaks on Benefits of Shareholder Engagement
As noted in this Reuters article, SEC Chair White recently delivered this speech addressing shareholder engagement and shareholder activism. At the same event, SEC Commissioner Gallagher gave this speech on proxy advisors, a precursor to today’s proxy advisors roundtable…
– Broc Romanek