SEC Developments

Blogs March 15, 2018 SEC Issues Guidance on Cybersecurity Risk and Incident Disclosures

The SEC issued guidance to assist public companies in preparing timely disclosures about cybersecurity risks and incidents. It is critical that your business advisor has broad experience preparing and reviewing cybersecurity incident response plans.

Blogs February 14, 2017 The Use of Non GAAP Financial Measures – Part II

The SEC updated its Compliance & Disclosure Interpretations (C&DI) on the use of non-GAAP financial measures, clarifying misleading non-GAAP measures and for presentation of non-GAAP measures with greater prominence than comparable GAAP measures.

Blogs February 09, 2017 The Use of Non GAAP Financial Measures – Part I

Although non-GAAP measures are widely used by many registrants, companies should take great care when presenting non-GAAP financial measures to comply with Regulation G and Item 10(e) requirements. What does Regulation G apply to?

Blogs June 21, 2016 New SEC Rule Permits Summary Section in Annual Reports

The SEC issued a new interim rule permitting issuers to include a summary section in their annual reports. The new SEC rule is in reaction to the FAST Act. Are companies and investors likely to find a Form 10-K summary useful? Should the summary appe…

Blogs May 12, 2016 Can I Still Get My Morning Doughnut?

Krispy Kreme went public in 2000 and its stock reached an all-time high in 2003. JAB Beech Inc. is paying $21 per share to take Krispy Kreme Doughnuts, Inc. private. Learn more about the change and how the new entity will be a serious contender to Du…

Blogs April 07, 2016 The SEC is Calling on Auditors and Audit Committees

The SEC has stepped up 'Operation Broken Gate,' an enforcement effort originally begun in 2013 focused on auditors and audit committees. The SEC sees external auditors and audit committee members as critical gatekeepers in the financial reporting pro…

Blogs January 12, 2016 Recent Enforcement Actions for January 2016

The SEC charged a bitcoin mining company and its founder with conducting a Ponzi scheme to defraud investors. According to the SEC’s allegations, investors were misled to believe they would share in returns earned by the bitcoin mining activities.

Blogs December 28, 2015 Capital Formation: SEC’s New Rules on Regulation A+

As required by the JOBS Act and to facilitate smaller companies obtaining access to capital, the SEC adopted new rules in March 2015. These new rules update and expand the existing Regulation A, which governs the exemption from registration of the of…

Blogs December 18, 2015 SEC Proposes Changes to Liquidity Risk Management Practices Used by Open-End Funds

The SEC proposed rule changes to liquidity risk management practices used by open-end funds including mutual funds and exchange-traded funds. Here are the Key elements of proposed liquidity risk management programs as well as disclosure and reporting…