Category: Securities
Corp Fin posts two FAST Act CDIs
by Cydney Posner The SEC has posted two new CDIs interpreting provisions of the FAST Act. Both relate to Section 71003, which allows EGCs to omit from their registration statements certain historical financial statements. (See this PubCo post.)
SEC Chair and staff presentations at AICPA National Conference
by Cydney Posner SEC Chair Mary Jo White and a cast of thousands from the SEC’s Office of the Chief Accountant delivered remarks yesterday before the 2015 AICPA National Conference on Current SEC and PCAOB Developments. Summarized below are some of the key themes of their speeches:
Corp Fin “announcement” provides some guidance on changes resulting from the FAST Act (repaired)
by Cydney Posner On December 10, 2015, Corp Fin issued an announcement highlighting changes in the securities laws resulting from the FAST Act. As previously discussed in this PubCo post, this transportation bill contains several measures that modify the JOBS Act or otherwise relate to capital raising for emerging growth companies, disclosure modernization, the […]
President signs FAST Act (updated December 10, 2015)
by Cydney Posner The President has signed the FAST Act into law. As previously discussed, this transportation bill contains several measures that modify the JOBS Act or otherwise relate to capital raising for emerging growth companies, disclosure modernization, the development of secondary markets and the registration process for smaller companies. On […]
Senate passes FAST Act
by Cydney Posner The Hill is reporting that the “Senate approved a five-year, $305 billion highway bill [the FAST Act] Thursday, sending it to President Obama with just one day to spare before the scheduled expiration of the nation’s road and transit spending. The measure passed by a 83-16 tally, […]
FAST Act passes House
by Cydney Posner Reuters reports: “In a show of Congressional bipartisanship, the House of Representatives voted 359 to 65 to send the $305 billion legislation [the FAST Act] to the Senate. It is widely expected to be approved and forwarded to the White House for President Barack Obama’s signature before […]
Two tips for audit committees
by Cydney Posner It’s getting to be that time of year when visions of sugarplums may dance in your head — alongside more mundane thoughts and concerns about financial statements, audits, audit committees and year-end reporting that just might disturb your otherwise pleasant holiday season. With that in mind, this column in […]
Provisions to modify the JOBS Act and otherwise benefit smaller companies survive conference and will soon be up for vote
by Cydney Posner As discussed in this PubCo post, HR 22, now called the “FAST Act” – it was the “DRIVE Act” and before that the “Hire More Heroes Act” – is not just about transportation and highways (as important as that may be). Buried in the bill are several […]
Trinity Wall Street withdraws cert petition in connection with shareholder proposal to Wal-Mart
by Cydney Posner In the case of Trinity Wall Street v. Wal-Mart Stores, Inc. (see this PubCo post), Trinity has asked to withdraw its petition to SCOTUS for cert, and the petition has been dismissed under Rule 46. As a result, SCOTUS won’t be sharing its views of the ordinary business […]
House hearing on conflict minerals rule: a mixed bag
by Cydney Posner At a hearing last week before a subcommittee of the House Financial Services Committee, the members heard testimony regarding the Dodd-Frank conflict minerals provision. The Chair expressed concern that the provision was causing more harm than good, while the ranking member saw more hopeful signs. The bottom line? […]
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