There are significant risks related to the clearance and settlement of certain securities. The Securities and Exchange Commission (SEC) has proposed certain rule changes to increase transparency and reduce the risk of these transactions.
The new rule changes would shorten the standard settlement cycle for the vast majority of
Category: EDGAR Filings 23
There has been a significant amount of attention paid to market manipulation and insider trading during the past few years. Now, the SEC is proposing a new rule that targets a lot of these ongoing issues. Specifically, the change will amend Rule 10b-18 and Rule 10b-5 of the Securities Exchange Act.
The new rule would require
On Sept. 16, 2020, the SEC adopted amendments to Exchange Act Rule 15c2-11 directing broker-dealers not to publish security quotations in the absence of issuer's current information, subject to certain exceptions. The amended rule enhances the efficiency of the OTC market and facilitates capital formation for issuers. Exchange A
On Feb. 6, 2020, Commissioner Hester M. Peirce proposed a safe harbor for security token offerings. This safe harbor will exempt cryptocurrency and blockchain from federal securities registration regulations provided they satisfy certain conditions. This has been received very well in the digital currency community which was sta
The Securities and Exchange Commission recently released a sweeping proposal to amend Rule 15c2-11 and provide a pathway to de-list currently trading OTC securities that are delinquent in their financial reporting or are shell companies. This new rule will modernize the existing Rule, updating several areas including rules about
In order to operate, a crowdfunding service intermediary is required to register with the Securities and Exchange Commission (SEC) either as a broker or funding portal. Funding portals are designed to be engaged in managing securities transactions for the accounts of others through an independent crowdfunding website. This artic
What is a Stock Transfer Agent?
When companies issue stocks, they must track transactions and keep accurate and up-to-date shareholder records. It can be very difficult to keep these records, maintain regulatory compliance, and ensure everything is done in the most efficient and accurate manner. Thus, many businesses turn to st
Since October 2014, XBRL exhibits submitted by public companies have carried the same liability provisions as HTML filings under the anti-fraud provisions of the Securities Law. Rule 406T by the SEC requires filers to submit accurate XBRL filings with a “good faith effort” and to be held to the same standards of accuracy and
Program Will Provide "Combined Data Sets" for Use by Investors and Analysts
In December, the SEC announced the unveiling of a program that will allow investors and analysts to have an easier time analyzing financial statements using XBRL.
The data that public companies provide via XBRL will be pooled into structured data set