It has been just eight months since Inauguration Day and a change in leadership at the SEC, but quite a lot has been going on during that short time! Here are some highlights:

– Beginning in February 2025, the Corp Fin Staff issued seven statements addressing various aspects of the application of the federal securities laws to crypto assets.

– On February 11, the Staff provided updated guidance regarding the filing of beneficial ownership reports by investors on Schedules 13D and 13G that had a significant impact on engagement during the 2025 proxy season.

– On February 12, the Staff issued Staff Legal Bulletin No. 14M on Rule 14a-8, rescinding previously-issued Staff Legal Bulletin No. 14L and signaling a return to a “case-by-case” approach on environmental and social proposals.

– On March 3, Corp Fin issued updated guidance that enhances the accommodations available to companies for nonpublic review of draft registration statements.

– On March 12, the Staff issued guidance regarding the verification of an investor’s status as an accredited investor when an issuer is relying on Rule 506(c) of Regulation D when conducting a securities offering.

– On March 20, the Staff revised its approach to declaring registration statements effective in the “gap period” between Form 10-K and proxy statement filings.

– On March 27, the SEC announced that it had voted to discontinue its defense of the climate disclosure rules in litigation pending in the Eighth Circuit.

– On June 4, the SEC issued a concept release soliciting public comment on the definition of foreign private issuer.

– On June 12, the SEC withdrew proposed amendments to Rule 14a-8.

– On June 26, the SEC convened a Roundtable on Executive Compensation Disclosure Requirements.

– On September 4, the SEC released its Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions.

– On September 10, the SEC announced the appointment of Jim Moloney to as Director of Corp Fin.

– On September 17, the SEC adopted a policy statement and amendments to its Rules of Practice revisiting the Commission’s policy on mandatory arbitration provisions.

Given all of these SEC developments and our expectations about what is coming from the SEC and its Staff, now is the time to sign up for our “Proxy Disclosure & 22nd Annual Executive Compensation Conferences” to be held on October 21-22 at The Virgin Hotels in Las Vegas. Be sure to check out our packed agenda and our outstanding lineup of speakers. You can register online or reach out to our team to register by emailing info@ccrcorp.com or calling 1.800.737.1271.