The SEC recently proposed amendments to the long-standing definition of “accredited investor,” an important qualification standard under the securities laws that determines what types of investors may invest in certain kinds of private securities offerings,
Continue Reading SEC proposes changes to “accredited investor” definition
One of the big corporate governance-related stories last month was the settlement agreement between the Securities and Exchange Commission (SEC) and Facebook Inc. arising from the misuse of Facebook user data and disclosures in Facebook’s
Continue Reading Breach and cyber incident reporting: disclosure challenges for public companies
Much has been written about preventing breaches. But what should companies think about doing when they become aware of a breach?
Sanjay M. Shirodkar discusses the lessons learned from the SEC’s Facebook settlement. Click here
Continue Reading Lessons learned from the SEC’s Facebook settlement
By: Deborah R. Meshulam and Benjamin Klein
On April 3, the US Securities and Exchange Commission’s (SEC) Strategic Hub for Innovation and Financial Technology (FinHub) published its “Framework for ‘Investment Contract’ Analysis of Digital
Continue Reading Unpacking the SEC’s Digital Assets Guidance Framework and No Action Letter
A magistrate judge in Florida issued a report in a class action lawsuit – Rensel v. Centra Tech, Inc. – finding that tokens issued and sold by tech startup Centra Tech were investment contracts. While
Continue Reading First judicial finding that digital tokens are securities
Our colleagues Jennifer Kristen Lee, Louis Lehot and Mark Radcliffe share considerations for VC investors using ICOs to finance their portfolio companies with Venture Capital Journal.
Among the critical issues discussed are hybrid
Continue Reading The rise of tokens: critical considerations for VC firms
On February 21, 2018, the SEC issued new guidance on whether public companies need to provide public disclosure of a “material” cybersecurity risk or event. Although the guidance is nonbinding, it is instructive in understanding
Continue Reading SEC advises companies to publicly disclose cybersecurity risks and prohibit insider trading around cybersecurity incidents: action steps for public companies
In the latest issue of DLA Piper’s Financial Report Series, which offers financial news from the Americas, Asia Pacific and Europe, our colleagues discuss and analyze:
