33 results found
Porter Wright Morris & Arthur LLP | USA | 10 Dec 2015
Diverse companies receive SEC approval to raise funds with Regulation A
The SEC has approved 12 Regulation A offerings (and about 40 initial Form 1-A filings have been made) since the new Regulation A rules became
Porter Wright Morris & Arthur LLP | USA | 29 Dec 2014
Bill governing M&A brokers should resurface in 2015
During 2014, Congress has gained momentum toward creating an exemption from federal broker-dealer registration for "M&A brokers" who facilitate
Porter Wright Morris & Arthur LLP | USA | 16 Oct 2013
SEC approaches shutdown: what functions will continue?
At the beginning of the federal shutdown, the SEC announced that it would continue to operate as normal "for a few weeks" because of its ability to
Porter Wright Morris & Arthur LLP | USA | 5 Jun 2013
SEC issues investor alert for private oil & gas offerings
We previously blogged about securities regulation of interests in oil and gas exploration and development. Industry participants, state and federal
Porter Wright Morris & Arthur LLP | USA | 20 Mar 2012
SEC charges investment funds and others for violations relating to the purchase of private company shares
On March 14, 2012, the SEC announced that it had filed a complaint in federal court in San Francisco and an Administrative Proceeding relating to private investment funds which were established to acquire the shares of Facebook and other Silicon Valley firms which were privately-held.
Porter Wright Morris & Arthur LLP | USA | 1 Mar 2012
Second Circuit considers the Morrison extraterritoriality issue, upholds dismissal of complaint, but grants plaintiffs leave to replead
On Thursday, March 1, 2012, the Second Circuit Court of Appeals affirmed in part and reversed in part a District Court decision dismissing a complaint for securities fraud filed by nine Cayman Islands hedge funds against entities and individuals involved in an alleged pump-and-dump scheme.
Porter Wright Morris & Arthur LLP | USA | 10 Nov 2011
SEC announces division of enforcement statistics for the fiscal year: a record number of actions were filed
On Wednesday, November 9, 2011, the SEC issued a Press Release announcing that it had filed 735 enforcement actions in the fiscal year ending September 30, 2011, touting it as the "most enforcement actions filed in a single year".
Porter Wright Morris & Arthur LLP | USA | 8 Nov 2011
SEC v. Citigroup: the commission responds to Judge Rakoff's questions and gives some insight into the settlement process
On Monday, November 7, 2011, the SEC filed its Brief in response to questions posed by the Court regarding the proposed settlement in SEC v. Citigroup, No. 11-cv-7387 (S.D.N.Y.).
Porter Wright Morris & Arthur LLP | USA | 28 Oct 2011
Judge Rakoff raises a number of questions about the proposed settlement between the SEC and Citigroup
On Thursday, October 27, 2011, New York federal Judge Jed Rakoff issued an Order in the SEC's case against Citigroup Global Markets, Inc., scheduling a hearing for November 9, 2011.
Porter Wright Morris & Arthur LLP | USA | 20 Oct 2011
SEC announces $285 million settlement with Citigroup for misleading investors during financial crisis
On Wednesday, October 19, 2011, the SEC announced a settlement with Citigroup's principal U.S. broker-dealer, Citigroup Global Markets, Inc., who had been charged with misleading investors about a $1 billion collateralized debt obligation ("CDO") tied to the housing market.