SEC complaint demonstrates that domestic bribery falls within its jurisdiction *

USA - July 30 2012
On June 27, 2012, the SEC charged a New York data storage company with misleading investors about bribes it paid to obtain business with a subsidiary of a major investment bank.

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FSAB votes against loss contingency disclosure requirements project *

USA - July 16 2012
On July 9, 2012, the Financial Accounting Standards Board (FASB) voted against moving forward with its exposure draft project to modify the accounting and disclosure requirements for loss contingencies.

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Division of Corporation Finance updates its confidential submission process for emerging growth companies and foreign private issuers *

USA - July 16 2012
On June 28, 2012, the SEC Division of Corporation Finance provided an updated announcement stating that emerging growth companies (EGCs) and foreign private issuers (FPIs) should continue to use the secure email system currently in place but that Edgar will be reconfigured to allow for an EDGAR-based system for confidential and non-public submission of draft registration statements.

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SEC highlights use of cooperation initiative *

USA - April 23 2012
The SEC often relies on the cooperation of individuals in pursuing its investigations.

Co-authors: Eric S. Almon, Miriam R. Sowinski, Allison Beth Kernisky.

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Division of Corporation Finance issues 17 new JOBS Act frequently asked questions *

USA - April 23 2012
On April 16, 2012, the SEC's Division of Corporation Finance posted new guidance regarding Title I of the Jumpstart Our Business Startups Act (the JOBS Act), which covers scaled disclosure provisions for emerging grown companies (EGCs).

Co-authors: Eric S. Almon, Miriam R. Sowinski, Allison Beth Kernisky.

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