Barely two weeks after the SEC charged six officers, directors and five percent (5%) or greater shareholders with failing to timely file reports, the SEC adopted final amendments to Sections 13(d) and 13(g) of the Securities Exchange Act of 1934. #SecuritiesLawBlog#SEC#ALCLAW
Section 312.03 of the NYSE Listed Company Manual lists the circumstances upon which shareholder approval must be obtained prior to the issuance of securities. #SecuritiesLawBlog#SEC#NYSE#ALCLAW
On December 26, 2023, the SEC approved an NYSE rule change to make it easier for listed companies to raise money from existing substantial shareholders. #SecuritiesLawBlog#SEC#NYSE#ALCLAW
The NYSE has amended Section 312.03(b) and 312.04 of the NYSE Listed Company Manual to modify the circumstances under which a listed company must obtain shareholder approval prior to the sale of securities below the Minimum Price to a substantial security holder. #NYSE#SEC
The CTA places the reporting responsibility on reporting companies, and this responsibility includes the obligation to report accurately. The CTA also requires reporting companies to update information when it changes. #SecuritiesLawBlog#SEC#ALCLAW
The Corporate Transparency Act does not adopt a good faith or other standards regarding the requirements to update or correct reports. #SecuritiesLawBlog#SEC#ALCLAW