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Category Archives: Securities Law

Discussion Paper – The Clearing Obligation under EMIR

“The European Securities and Markets Authority (ESMA) is publishing this discussion paper in order to seek stakeholders’ views on the preparation of the regulatory technical standards ESMA is required to draft under Article 5(2) “Clearing Obligation Procedure” of the Regulation (EU) No 648/2012 of the European Parliament and Council on OTC derivatives, central counterparties andContinue Reading

82 of top 100 publicly traded U.S. companies operate subsidiaries in tax haven jurisdictions

“With Congress considering big cuts to public programs, U.S. PIRG released fresh evidence that the vast majority of large companies are dodging taxes by stashing money in offshore tax havens. In a study of the top 100 publicly traded companies, as measured by revenue, the study  – Offshore Shell Games  – reveals that 82 maintainContinue Reading

Majority of Public Companies Indicate Cyber Attack Would Cause “Serious Harm”

News release: “A majority of the U.S. listed Fortune 500 firms are following the U.S. Securities and Exchange Guidelines by providing some level of disclosure regarding cyber exposures, with more than half indicating their firms would face “serious harm” or be “adversely impacted” due to a cyber-attack, according to a recent report by Willis North America,Continue Reading

New GAO Reports: Financial Company Bankruptcies, Foreign Affairs Management, Medicaid Demonstration Waivers, SEC Conflict Minerals Rule

Financial Company Bankruptcies – Need to Further Consider Proposals’ Impact on Systemic Risk, GAO-13-622, Jul 18, 2013 Foreign Affairs Management – State Department Has Strengthened Foreign Service Promotion Process Internal Controls, but Documentation Gaps Remain, GAO-13-654, Jul 18, 2013 Medicaid Demonstration Waivers, Approval Process Raises Cost Concerns and Lacks Transparency, GAO-13-384, Jun 25, 2013 SEC ConflictContinue Reading

New GAO Reports – Federal Elections on a Weekend, Securities Research

Elections – Views on Implementing Federal Elections on a Weekend, GAO-12-69, January 12, 2012 Securities Research – Additional Actions Could Improve Regulatory Oversight of Analyst Conflicts of Interest, GAO-12-209, January 12, 2012

Search the full text of EDGAR filings from the last four years

SEC: “This page allows you to search the full text of EDGAR filings from the last four years. The full text of a filing includes all data in the filing as well as all attachments to the filing. To find the information you need and make your search easy and enjoyable, please visit our FAQContinue Reading

SEC Proposes Rules on "Say on Pay" and Proxy Vote Reporting

News release: “The Securities and Exchange Commission today proposed rules that would enable shareholders to cast advisory votes on executive compensation and “golden parachute” arrangements. The rules are called for by Section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Under the proposed rules, public companies subject to the federal proxy rulesContinue Reading

NERA Update on Credit Crisis Litigation

An Update on the Credit Crisis Litigation: A Turn Towards Structured Products and Asset Management Firms, June 15, 2009: “In this NERA paper, co-author Vice President Dr. Faten Sabry provides an update on credit crisis-related securities litigation. The paper highlight emerging trends in a number of areas, including filings, percentage of cases involving directors andContinue Reading

SEC Soliciting Public Comment on Eliminating Reconciliation Requirement for IFRS Financial Statements

Press release: “The Securities and Exchange Commission has published for public comment a proposal to eliminate the current requirement that foreign private issuers filing their financial statements using International Financial Reporting Standards (IFRS) as published by the International Accounting Standards Board (IASB) also file a reconciliation of those financial statements to U.S. Generally Accepted AccountingContinue Reading

Testimony on Foreign Holdings of U.S. Government Securities and the U.S. Current Account

Congressional Budget Office Testimony on Foreign Holdings of U.S. Government Securities and the U.S. Current Account, June 26, 2007, Committee on the Budget, House of Representatives.

WSJ Posts CEO Compensation Scorecard

WSJ free article – CEO Compensation Scorecard: “…starting with this year’s proxies, the SEC has changed how companies report pay. For companies whose fiscal year ended after Dec. 15, 2006, the SEC now mandates a table that includes salary, bonus, the accounting cost of stock and stock-option awards, incentive-plan payments, change in pension value andContinue Reading

Stanford Class Actions Clearinghouse Year in Review 2006

“The Securities Class Action Clearinghouse provides detailed information relating to the prosecution, defense, and settlement of federal class action securities fraud litigation. The Clearinghouse maintains an Index of Filings of 2461 issuers that have been named in federal class action securities fraud lawsuits since passage of the Private Securities Litigation Reform Act of 1995. TheContinue Reading