However, it’s important to acknowledge that implementing this rule will also pose challenges to companies. Four days may not always be sufficient to fully understand the scope and impact of a sophisticated cyber attack. There might be cases where companies require more time to co...
On November 7, 2022, Judge Paul Barbadoro of the U.S. District Court for the District of New Hampshire issued an order inSEC v. LBRY, Inc., granting the SEC’s motion for summary judgment against LBRY Inc. (LBRY). The court found that LBRY offered its digital asset, called LBC tokens...
Stadulis served as a co-instructor for the National Regulatory Services course, “Advisers Act Anti-Fraud Rules: Custody, Political Contributions, Solicitors and Proxy Voting Requirements,” on Oct. 8. The course explored the many facets of the rule, provided details regarding the definition of ...
However, the court rejected an argument that the rule’s disclosure requirements would have violated issuers’ First Amendment rights. As the SEC considers how to avoid similar challenges for future rulemaking, these issues are expected to be raised in challenges of other new SEC rules. 2 ...
U.S. Court of Appeals Rules SEC Conflict Minerals Disclosure Requirement UnconstitutionalDex, Daniel
Is not operated for the purpose of evading the Safeguarding Rule.5 Possession or control.Under the Safeguarding Rule, a qualified custodian must maintain “possession or control” of client assets, which means that: The qualified custodian is required to participate in any change in beneficial...
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Division of Enforcement:In charge of enforcing SEC regulations by investigating cases and bringing civil suits in federal court and administrative proceedings.7It also works with law enforcement agencies like the Federal Bureau of Investigation (FBI), various states' investigatory units, the U.S. Secr...
For instance, Charter Communications (CHTR) was fined $25 million for violating internal control requirements related to stock buybacks. The company's board had approved buybacks only if they complied with SEC Rule 10b5-1, which guards against trading based on material nonpublic information. Howe...
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐ EXPLANATORY NOTE Each of Exhibit 1.1 and Exhibit 4.106 to this current report on Form 6-K is incorporated by reference into the registration statement on For...