With much of the country shut down due to COVID-19, many U.S. companies are facing difficult questions when scheduling their annual shareholder meetings, including whether to delay or move such meetings or hold them virtually. In response to the uncertainty COVID-19 has injected during the busiest time for annual meetings, the Securities and Exchange Commission
SEC Proposes to Modernize Regulation of the Use of Derivatives by Registered Investment Companies
On November 25, 2019, the Securities and Exchange Commission (the “SEC”) proposed new rules that would govern the use of derivatives by most types of registered investment companies. Re-proposed new rule 18f-4, an exemptive rule under the Investment Company Act of 1940, as amended (the “Investment Company Act”) (the, “proposed derivatives rule”), would permit mutual
CFTC Paying for a Company’s Dirty Laundry
New Whistleblower Initiatives and Rewards Suggest Increased Enforcement in the Virtual Currency, Foreign Corrupt Practices, Insider Trading, and BSA Spaces
The Commodity Futures Trading Commission (“CFTC”) recently issued a series of four whistleblower alerts aimed at seeking information from would-be whistleblowers in the areas of virtual currency fraud, foreign corrupt practices, insider trading, and violations
New Illinois Requirements on Use of AI to Screen Job Applicants Present Challenges for Employers
State law regulation of the use of artificial intelligence (“AI”) in hiring is happening now. Illinois Governor JB Pritzker recently signed the Artificial Intelligence Video Interview Act (the ”Act”) into law. Effective January 1, 2020, the Act imposes new requirements on employers that use artificial intelligence to screen job applicants for Illinois-based positions using video‑recorded
Find Your Way Through the Delisting and Deregistration Door
Steps for Acquired Public Companies to Terminate and Suspend Exchange Act Reporting Requirements
Now that the ink has dried on the signing set and the initial excitement of announcing a public company merger has passed, the deal lawyer’s second shift has just begun. While the focus is often on the drafting and filing of tender