5,948 results found

Rule 506 of Regulation D provides a widely-used safe harbor from the registration requirements of the Securities Act of 1933 for qualifying private offerings.

In a letter dated April 8, 2011 from Robert Plaze, Associate Director of the SEC, to the President of the North American Securities Administrators Association, Mr. Plaze confirmed that the SEC is "considering" an extension of certain deadlines imposed by the Dodd-Frank Act, and associated SEC rulemaking, to the first quarter of 2012. See the attached link for the actual letter on the SEC website.

In a letter dated April 8, 2011 to the President of the North American Securities Administrators Association, Inc., Robert E. Plaze, Associate Director of the Securities and Exchange Commission ("SEC"), indicated that the SEC will consider extending the deadlines by which certain advisers must register with the SEC, or switch from SEC to state registration, under the new provisions of the Dodd-Frank Wall Street Reform and Consumer Protect Act (the "Dodd-Frank Act").

On February 24, 2004, the Securities and Exchange Commission announced an extension of the compliance dates previously published by the SEC for requirements that public companies (other than registered investment companies) include in their annual reports a report of management on the company’s internal control over financial reporting, and provide a registered public accounting firm’s report on management’s assessment of internal control

On December 21, 2011, the SEC finalized its amendments to the individual accredited investor net worth standards under Regulation D of the Securities Act of 1933.

Over time, the Staff has provided guidance to mortgage REITs in the form of no-action letters regarding the types of securities that it deems to be qualifying assets.

Given the widely anticipated increase in regulatory enforcement activity as a result of the current financial crisis Business Crimes Alert - January 5) and the change in administration, participants in the securities industry-and particularly underwriters-should pay careful attention to the First Circuit's recent decision in Securities & Exchange Commission v. Tambone, No. 07-1384 (Dec. 3, 2008).

The Securities and Exchange Commission is making groundbreaking changes to the rules that regulate the way companies make public offerings in the United States. In an open meeting June 29, 2005, the commissioners voted to approve the new regime, which was originally proposed in November 2004.

On February 14, a divided Second Circuit panel upheld a 2016 jury verdict which found that a mortgage lender violated, among other laws, the Equal Credit Opportunity Act ("ECOA")...

The U.S. Senate Committee on Banking, Housing and Urban Affairs (the "Committee") heard testimony from various witnesses on Chair Mike Crapo's (R-IA) proposed framework for housing reform legislation.

U.S. Senate Banking Committee Ranking Member Pat Toomey (R-PA) proposed a framework to end the conservatorship of the government-sponsored enterprises ("GSEs").

This opinion will be helpful to lenders and servicers in defending against many of the standard claims brought by Michigan borrowers following mortgage foreclosure.

The United States Court of Appeals for the Sixth Circuit has ruled Janet and Raymond Lee could not rescind their mortgage loan from Countywide Home Loans because they could not prove they were not each given two notices of their right to cancel it as the Truth in Lending Act requires. 15 U.S.C. § 1635(a).

On June 30, 2010, the U.S. House of Representatives passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act") and on July 15, 2010, the United States Senate followed suit. President Obama signed the Act into law on July 21, 2010.

In a major, unanimous decision on the Truth in Lending Act, the Supreme Court resolved a circuit split and clarified borrowers’ rescission rights under TILA.

The Tennessee Department of Financial Institutions announced its annual supervision fee for non-depository financial institutions for 2020-2021.

The Consumer Financial Protection Bureau (CFPB) recently provided guidance discouraging mortgage industry participants from entering into marketing services arrangements (MSAs).