The Securities Exchange Act of 1934: Key Aspects and Practical Insights for Your Business

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The Securities Exchange Act of 1934 (“Exchange Act”) is the cornerstone of securities regulation in the United States, providing the framework for public company disclosures, anti-fraud provisions, and the oversight of the public securities markets. Enacted as part of the response to the stock market crash of 1929 – in addition to the Securities Act …Read more

Understanding Regulation FD to Ensure Fair and Accurate Disclosure of Your Company’s Information in Securities Markets

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In today’s rapidly evolving financial markets, transparency is not just a best practice—it’s a regulatory imperative. Regulation FD (Fair Disclosure) plays a crucial role in leveling the playing field for investors and market participants by mandating that material, non-public information be disclosed to the public promptly.  In this blog we delve into the origins, key …Read more

Navigating Federal Securities Laws and Regulations to Avoid Common Pitfalls for Companies Raising Money in the U.S.

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Federal securities laws play a crucial role in regulating how companies raise capital, communicate with investors, and ensure transparency in their financial operations.  For companies in California, compliance with these laws is not only mandatory but essential to avoid costly penalties, regulatory scrutiny, and potential lawsuits.  Compliance with California’s securities laws is also required.  Understanding …Read more

Federal District Court in New York Decides that Whether a Cryptocurrency is a Security Depends on When and How It is Sold

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On July 13, 2023, the U.S. District Court for the Southern District of New York issued a decision in SEC v. Ripple Labs, Inc., a closely watched cryptocurrency case involving alleged securities law violations.  The court held that Ripple Labs unlawfully sold unregistered securities in violation of the Securities Act of 1933 (“Act”) when it sold …Read more