United States: Securities

Subscribe
Business law and corporate law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics that involve business and corporate law produced by specialists working in this area every day.
Article
What A Relief! SEC Staff Extends Co-Investment Orders To Open-End Funds And Allows Delegation To Board Committee
On 27 April 2026, the staff (Staff) of the Securities and Exchange Commission (SEC) issued a no-action letter that extends to open-end funds, subject to certain conditions, exemptive relief that permits business development companies (BDCs) and registered closed-end funds to co-invest alongside affiliates in transactions otherwise prohibited under Sections 17(d) and 57(a)(4) of the Investment Company Act of 1940, as amended.
United States Commercial
KG
K&L Gates LLP
Article
The CAT’s Ninth Life: SEC’s Sweeping Review Could Fundamentally Reshape The Consolidated Audit Trail
The Securities and Exchange Commission has launched a comprehensive review of the Consolidated Audit Trail, questioning whether the system should continue in its current form after costs ballooned from an estimated $55.8 million to over $248 million annually. The concept release solicits public comment on fundamental aspects including governance structure, funding models, data collection scope, and whether the CAT should be eliminated entirely in favor of alternative audit trail systems.
United States Finance
KM
Katten Muchin Rosenman LLP
Article
Second Circuit Clarifies Scope Of Liability For Securities Act Claims
The Second Circuit recently addressed two novel questions in securities law: whether a reverse stock split constitutes a "sale" under Section 12 of the Securities Act, and what level of traceability is required to establish Section 11 liability when connecting securities to allegedly defective registration statements. The court's ruling in Knapp v. Barclays PLC provides significant limitations on issuer liability and establishes important precedents for defendants facing similar Securities Act challenges.
United States Finance
KM
Katten Muchin Rosenman LLP
Article
Trust Your Instincts: Susan Pravda On Leadership, Relationships, And Resilience
Foley partner Susan Pravda shares how a relationship-driven approach has shaped her four-decade legal career, from a chance encounter on her first day of practice to her current role leading the firm's Health Care & Life Sciences Sector. She discusses the importance of viewing clients as people rather than entities, being present during pivotal moments, and trusting your instincts when navigating uncertainty.
United States Commercial
FL
Foley & Lardner
Article
SEC Staff Extends Existing Section 16(a) Reporting Relief To Companies Impacted By Conflict In The Middle East
The SEC's Division of Corporation Finance has extended no-action relief for Israeli foreign private issuers and their directors and officers struggling to meet Section 16(a) beneficial ownership reporting requirements amid the ongoing Middle East conflict. This extension, now running until May 29, 2026, addresses the practical challenges of compliance in a volatile military environment where access to essential services and infrastructure remains disrupted.
United States Commercial
MB
Mayer Brown
See more

Latest Videos

See more