As noted in this Washington Post article, the Center for Plain Languages gave the SEC a grade of “D” when it comes to evaluating how well it communicates with the public. Things could be worse – the Treasury Department a received a “F.” Here’s the report card from the Center, which graded 20 federal agencies.
These grades were based on the “Plain Writing Act of 2010” – there is a bill called the “Plain Regulations Act of 2013,” which would require that all new and substantially revised federal regulations be written in plain language. I’m all in for that idea!
SEC to Propose Reg A+ Tomorrow!
Yesterday, the SEC surprised me with this Sunshine Act notice stating that Regulation A+ will be proposed at an open Commission meeting tomorrow. Another JOBS Act rulemaking proposal tucked in before the end of the year!
Here are the comments received by the SEC on Title IV of the JOBS Act (including Section 3(b) of the ’33 Act). MoFo’s Anna Pinedo blogs about a second comment letter from NASAA on Reg A+ that was filed just last week (here’s the 1st comment letter)…
Meanwhile, the Supreme Court has picked up a securities law case for next term – this one relating to ERISA stock drops. Read Kevin LaCroix’s blog for more…
More on “The Mentor Blog”
I continue to post new items daily on our blog – “The Mentor Blog” – for TheCorporateCounsel.net members. Members can sign up to get that blog pushed out to them via email whenever there is a new entry by simply inputting their email address on the left side of that blog. Here are some of the latest entries:
– Survey: Board Activities
– Bylaw Amendment Could Deter Dissident Directors
– The Return of the Mini-Tender Offer?
– SCOTUS Oral Arguments: Whether SOX Protects Private Company Employees From Retaliation
– Study: Firms that “Cast” Earnings Calls Underperform
– Broc Romanek