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On February 28, 2019, the Division of Investment Management of the Securities and Exchange Commission issued a no-action letter relaxing its views on "in person" voting requirements for investment company boards of directors.

Last month, the Office of Information and Regulatory Affairs published its semi-annual "Unified Agenda of Regulatory and Deregulatory Actions" of various federal agencies...

The U.S. Securities and Exchange Commission (SEC) announced on February 13, 2008 that it will propose rule amendments that would require investment advisers to prepare brochures giving information about themselves in plain English to be provided to clients and prospective clients.

On September 22, 2008, the Board of Governors of the Federal Reserve System (the "FRB") released a policy statement on equity investments in banks and bank holding companies (the "Policy Statement") that addresses when such investments may amount to a "controlling influence" over a bank or bank holding company ("BHC").

Like other parts of the economy outside the immediate context of the banking and financial system, the commercial real estate industry so far has felt the impact of current economic woes principally in the form of dramatically tightened credit markets.

Every cloud has its silver lining -- and every silver lining has its cloud.

The Proposal generally cautions plan fiduciaries against considering ESG factors when making investment decisions, unless such factors are relevant to the plan's pecuniary goals.

Recently, the Financial Industry Regulatory Authority (FINRA) filed with the Securities and Exchange Commission (SEC) a proposal to adopt new rules governing FINRA member firms’ communications with the public (the Proposal).

On August 6, 2020, an Illinois appellate court ruled that a petition by political activist John Tillman seeking leave to invalidate approximately $16 billion of Illinois's general obligation bonds...

The Department of Labor has issued new proposed regulations for the provision of investment advice to participants in individual account plans and owners of IRAs.

Investment treaties are international legal instruments between two or more States that protect against property destruction in armed conflict, illegal expropriation, discrimination...

The U.S. Securities and Exchange Commission (SEC), New York Stock Exchange Regulation Inc. (NYSER), and FINRA announced an agreement among 10 securities self-regulating organizations to consolidate surveillance, investigation, and enforcement of insider trading of equity securities.

Fairness opinions issued in connection with SPAC transactions present several significant issues that financial advisors and their counsel should take into account when drafting fairness opinions.

Although not yet in final form, and therefore not officially in effect, in many respects the proposed rules are already in force. They reflect practices that have been adopted in recent years by the inter-agency Committee on Foreign Investment in the United States (CFIUS), the regulatory body that administers those US restrictions on foreign investment that are grounded in national security concerns.

Investment or other transaction banks typically issue fairness opinions regarding the fairness of a proposed merger, acquisition, sale or other transaction. Rule 2290 is intended to inform stockholders of potential conflicts of interest that may exist in the issuance of fairness opinions by FINRA members.

On July 1, 2009, the Securities and Exchange Commission (the “SEC”) unanimously approved proposed changes to the proxy rules designed to enhance disclosure of:

On April 10, 2008, the Securities and Exchange Commission issued Release No. 33-8909, in which it announced that it had amended Form S-11 to permit the incorporation by reference of reports and other documents that issuers previously filed under the Securities Exchange Act of 1934. Form S-11 is used to register offerings of securities under the Securities Act of 1933 by real estate investment trusts and other issuers whose business is primarily that of acquiring and holding for investment real e

The Pension Protection Act of 2006 ("PPA"), recently passed by Congress, awaits the President’s expected signature.