Companies may now use social media for announcements if investors are alerted *

USA - April 2 2013
Companies may now use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure…

Co-authors: William L. Tolbert, Jerry J. Burgdoerfer.

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Mine control: the SEC approves final rules on disclosure of conflict minerals and resource extract... *

USA - September 6 2012
On August 22, 2012, the Securities and Exchange Commission (the “SEC”) issued final rules (the “Rules”) requiring (i) disclosure of whether products manufactured or contracted to be manufactured by public companies contain “conflict minerals” that originated in the Democratic Republic of the Congo (“DRC”) or an adjoining country (the “Covered Countries”), and (ii) disclosure by resource extraction issuers of payments made to the U.S. federal or a foreign government for the purpose of the commercial development of oil, natural gas or minerals pursuant to Sections 1502 and 1504, respectively, of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd- Frank Act”).

Co-authors: Alexander J. May, Stephen M. Woodcock, Tamara T. McClatchey , William L. Tolbert, Jerry J. Burgdoerfer.

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Client advisory: one step closer to internet advertisements for private offerings *

USA - August 30 2012
On August 29, 2012, the Securities and Exchange Commission issued proposed rules that will fundamentally change the way certain private offerings are marketed to solicit investors and will significantly impact the way issuers will be required to verify the status of accredited investors

Co-authors: William L. Tolbert, Jerry J. Burgdoerfer.

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Independents’ day: the SEC approves final rules regarding compensation committees *

USA - June 22 2012
On June 20, 2012, the Securities and Exchange Commission (the “SEC”) issued final rules (the “Rules”) affecting compensation committee independence and disclosure of compensation consultant conflicts under Section 952 of the Dodd- Frank Wall Street Reform and Consumer Protection Act of 2010.

Co-authors: Alexander J. May, William L. Tolbert, Matthew J. Renaud, Jerry J. Burgdoerfer, Eugene R. Hsia.

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Reversing regulatory course: JOBS Act will ease capital formation and reduce regulations on new and private companies *

USA - March 28 2012
On March 27, 2012, the U.S. House of Representatives approved the U.S. Senate version of the Jumpstart Our Business Startups Act or “JOBS Act”.

Co-authors: Alexander J. May, Jeffrey R. Shuman, William L. Tolbert, Jerry J. Burgdoerfer.

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