The SEC adopted a rule to adjust the maximum amounts it may recover for civil monetary penalties imposed under the Securities Act of 1933, the Securities Exchange Act of 1934,
Continue Reading THE SEC DEFEATS INFLATION SORT OF… PENALTIES ADJUSTED
Sarbanes-Oxley
PCAOB OPENING UP? MAYBE
By Fox Rothschild on
Two Senators introduced a bill that would make disciplinary proceedings of the Public Company Accounting Oversight Board open to the public.
According to the lawmakers, the Sarbanes-Oxley Act of 2002…
Continue Reading PCAOB OPENING UP? MAYBE
Has the Pre-Sox Era Returned?
By Fox Rothschild on
Auditors engaging in non-audit consulting? A major accounting firm pushing for more consulting work? Recently, the SEC’s chief accountant indicated that there were concerns at the SEC regarding auditor independence…
There is No Escape from Whistleblowers Overseas
By Fox Rothschild on
Alas, the Dodd-Frank whistleblower protections cover informants overseas.
The United States Court of Appeals for the Fifth Circuit, recently, held that the Dodd-Frank whistleblower protections cover informants that report to the…
Continue Reading There is No Escape from Whistleblowers Overseas
Sarbanes-Oxley Redux
By Fox Rothschild on
We have not talked about the Sarbanes-Oxley Act in sometime, so let’s jump right in!!
Interestingly, over the last 10 years since Sarbanes-Oxley became effective, audit costs for public and…
Emerging Growth Companies – A Bigger Deal Than You Might Think
By Fox Rothschild LLP on
Today’s post is the penultimate of this series covering the recently signed JOBS Act, and covers the Act’s Title I – Reopening American Capital Markets to Emerging Growth Companies. Check back later this…
Continue Reading Emerging Growth Companies – A Bigger Deal Than You Might Think
FINRA Is Centralizing Its Membership Application Program
By Fox Rothschild on
FINRA’s membership application program (“MAP”) is changing. FINRA’s review of initial membership and continuing membership applications for broker-dealers will now be centralized in the MAP.
Further, as part of MAP…
Continue Reading FINRA Is Centralizing Its Membership Application Program
Jobs Act Backlash
By Fox Rothschild LLP on
Gail Collins weighed in on the JOBS Act today in a column glibly titled “The Senate Overachieves”. Normally, I love her work – everything she does is glib…
Securities Podcast with Ernest Badway
By Fox Rothschild on
Thought you might be interested in a recent podcast I did concerning my securities law practice. http://web.me.com/cordpar/Client_Development_Tips/Law_Consulting_Coaching_Podcast/Entries/2011/10/28_Developing_a_Securities%2C_White_Collar_and_Complex_Litigation_Practice.htmlContinue Reading Securities Podcast with Ernest Badway
Legislative Lookout: Crowdfunding – not just for non-profits anymore?
By Fox Rothschild LLP on
Everyone loves small businesses, even if they might not be the job-creating economic saviors we want them to be. No one likes bailing out Wall Street, but Main Street? That’s something we can all agree on!
On Wednesday, a subcommittee of the House Committee on Financial Services advanced a few interesting bills aimed at reducing regulatory burdens for small cap corporations.
While some were approved by voice votes, suggesting broad bipartisan appeal, two ran down party lines, portending a difficult path ahead.
Continue Reading Legislative Lookout: Crowdfunding – not just for non-profits anymore?