On February 14, 2023, the SEC proposed significant revisions to the Privacy Act, which governs the handling of personal information within the federal government. These proposed changes aim to streamline and update the current rules, ensuring they align with existing practices and regulations. While regulations have been in place for a long time, they needed
Financial institutions and other clients who need to comply with the Financial Industry Regulatory Authority (FINRA) rules and regulations should be aware of upcoming changes to its Corporate Actions Management Platform. Introduction to the New Corporate Actions Management Platform FINRA is introducing a new system for ADR depository banks, Issuers, and other parties to provide
The IPO and financing transactions listing for the month of April 2023 can be found below. These transactions were filed to the SEC as S-1, F-1, and 1-A filings. The Form S-1 is the initial registration statement filing used by domestic companies to go public. The Form F-1 is a registration statement used by foreign
As the SEC continues to focus on how public companies use non-GAAP measures, they have issued updated Compliance & Disclosure Interpretations (C&DIs) regarding their usage. Non-GAAP financial metrics are numeric representations of performance, finances, or cash flows that don’t follow Generally Accepted Accounting Principles (GAAP). This new guidance makes clear what is deemed a misleading