Reynolds Holding

SEPTEMBER 26, 2023

On August 24, 2023, the Second Circuit affirmed the dismissal of state-law securities claims in Kirschner v. JP Morgan Chase , [1] concluding that the plaintiff failed to adequately plead that the syndicated term loans at issue were securities. This decision avoids large-scale disruption across a number of aspects of the $2.5

Banking 40

Banking Marketability Intangible Assets Finance 40

Reynolds Holding

MAY 25, 2023

As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I’m not speaking on behalf of my fellow Commissioners or the SEC staff. It also helps explain why savers might try to cash out of deposits before that proverbial bear catches them at the bank.

Banking 40

Banking Treasury Marketability Start-ups 40

Reynolds Holding

MAY 23, 2023

As is customary, I’d like to note that my views are my own as Chair of the Securities and Exchange Commission, and I am not speaking on behalf of my fellow Commissioners or the staff. Later this month marks 90 years since President Franklin Roosevelt signed the first of the federal securities laws, the Securities Act of 1933.

Banking 40

Banking Technology Marketability Capital Structure 40

Reynolds Holding

APRIL 23, 2023

Securities Laws Walking into the Rayburn building, I couldn’t help but stop by the statue of Sam Rayburn, the longest serving Speaker of the House. In that role, he worked closely with President Franklin Roosevelt to establish the nation’s first federal securities laws. The SEC is the cop on the beat watching out for your constituents.

Treasury 45

Treasury Marketability Finance Technology 45

Reynolds Holding

NOVEMBER 3, 2022

My thanks to the Practising Law Institute and the 54 th Annual Institute on Securities Regulation. As is customary, I’d like to note that my views are my own, and I am not speaking on behalf of my fellow Commissioners or the SEC staff.

Marketability 49

Marketability Banking Compliance 49

Reynolds Holding

JULY 12, 2023

Money market funds—nearly $6 trillion in size today—provide millions of Americans with a deposit alternative to traditional bank accounts. Using these funds, shareholders can get market-based returns, fully backed dollar-for-dollar by readily marketable securities. ENDNOTES [1] As SEC Commissioner Robert E.

Marketability 40

Marketability Banking Treasury 40

Reynolds Holding

JANUARY 9, 2023

market will be documented in the ISS Securities Class Action Services “Top 100 U.S. In this overview, ISS Securities Class Action Services reviews the largest shareholder-related settlements of 2022. The settlement ranks among the five largest securities settlements ever paid by a pharmaceutical manufacturer. Luckin Coffee.

Banking 81

Banking Private Equity Firm Marketability Compliance 81

Reynolds Holding

APRIL 26, 2022

As is customary, I’d like to note that my views are my own, and I am not speaking on behalf of the Commission or SEC staff. The fixed income markets may not, on the surface, seem like the most cinematic part of the financial system. times larger than the commercial bank lending market. [3] It’s good to be with City Week again.

Marketability 45

Marketability Treasury Banking Compliance 45

Benzinga

OCTOBER 10, 2022

XBP Europe is a pan-European integrator of bills and payments connecting buyers and suppliers, across industries and sizes, to optimize the clients' bills and payment processes in order to advance digital transformation, improve market wide liquidity and encourage sustainable business practices. Cantor Fitzgerald & Co.

Technology 40

Technology Enterprise Value Banking Marketability 40

Appraiser Newsroom

FEBRUARY 16, 2022

She has over 12 years of experience in litigation support and financial valuation services, specializing in forensic/investigative accounting and business valuation. CFA, FRM , is the leader and managing director in the complex securities & financial instruments practice at Stout. Jenn ifer A. Harris Antoniades, Ph.D.,

Intangible Assets 52

Intangible Assets Business Valuation Appraisal Corporate Finance 52

Reynolds Holding

MARCH 29, 2022

7] And, last week, the SEC unveiled a proposal for new climate disclosure rules (the “Climate Rules”) under which public companies will be required to provide specific climate-related disclosure in periodic reports and registration statements. [8]. C or even 2°C [by 2050] will be beyond reach.” [1] Implementing them will be costly.

Banking 59

Banking Technology Venture Capital Fund Compliance 59

Reynolds Holding

OCTOBER 22, 2023

Management’s Discussion and Analysis of Financial Condition and Results of Operations, or “MD&A”). 1] A decision to allow MD&A line-item omissions to serve as a basis for Section 10(b) liability could have a significant impact on private securities fraud litigation. Background: Macquarie Infrastructure Corp.

Banking 40

Banking Marketability 40

Reynolds Holding

OCTOBER 18, 2023

Securities and Exchange Commission (SEC) announced a US$19 million settlement with the investment adviser DWS Investment Management Americas Inc. The order provides a roadmap of areas for compliance that the SEC may scrutinize in future ESG investigations. On September 25, the U.S.

Compliance 40

Compliance Banking Marketability Equity 40

Reynolds Holding

MARCH 16, 2023

Non-bank financial intermediation (NFBI) – encompassing a broad range of capital sources, including broker-dealers, private funds, and open-end funds (OEFs) – is vital for the financing of the real economy, serving as a critical complement to the traditional banking sector.

Banking 59

Banking Treasury Marketability Finance 59

Reynolds Holding

NOVEMBER 28, 2022

On November 17, 2022, the Financial Industry Regulatory Authority (“FINRA”) issued a special alert to FINRA members concerning the heightened threat of fraud in small capitalization initial public offerings (“IPOs”). broker-dealers to invest in the IPOs and to later place manipulative orders in trades to inflate aftermarket prices.

Compliance 45

Compliance Marketability Banking Treasury 45

Reynolds Holding

JULY 26, 2023

Cyber risk and the attendant disclosure obligations have been front-and-center for public companies for a long time, and the SEC has underscored the importance of cyber disclosures. 10] The Commission proclaims its “indifference” to companies’ cyber practices, [11] and the final rule is slimmer in detail than the proposed rule.

Compliance 40

Compliance Corporate Finance Finance Marketability 40

Reynolds Holding

OCTOBER 27, 2022

Had we built flexibility into the rule, listing exchanges and companies could have developed sensible approaches to achieving the laudable goal of clawing back compensation paid on the basis of subsequently restated financial metrics. a) of Form 8-K.” [5].

Total Shareholder Return 45

Total Shareholder Return Compliance Corporate Finance Banking 45

Reynolds Holding

AUGUST 24, 2022

In 2021 and 2022, as the market continued to focus increasingly on environmental, social, and governance (“ESG”) issues, government financial regulators across many independent agencies strongly indicated that increased enforcement relating to ESG is on the horizon, while private plaintiffs filed novel securities class actions based on ESG issues.

Banking 49

Banking Compliance Marketability Corporate Finance 49

Reynolds Holding

NOVEMBER 15, 2022

The Securities and Exchange Commission today [November 15] announced that it filed 760 total enforcement actions in fiscal year 2022, a 9 percent increase over the prior year. These numbers, though, tell only part of the story,” said SEC Chair Gary Gensler. “I continue to be impressed with our Division of Enforcement.

Compliance 45

Compliance Marketability Technology Alpha 45

Reynolds Holding

JANUARY 10, 2023

Companies will need to develop plans to comply with intricate and often conflicting sets of legal and financial disclosure requirements across multiple jurisdictions. The shift in capital towards ESG-aligned investments will continue, but energy and infrastructure security will become more critical aspects of the ESG conversation.

Start-ups 56

Start-ups Marketability Banking Finance 56

Benzinga

APRIL 18, 2022

DENVER, April 18, 2022 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC ) reported: . . . . . . . . . . . . markets is again demonstrated by the announcement of our intent to acquire Rock Canyon Bank," said Tim Laney, Chairman, President and CEO of National Bank Holdings Corporation. 18,352. . $.

Banking 40

Banking Book Value Equity Intangible Assets 40

Reynolds Holding

JANUARY 22, 2024

Levenson Keynote Address before so many distinguished securities law practitioners. Alan’s legacy and work at the Commission staff still resonates on the securities industry and market participants today. I am honored to be delivering the Alan B. 1] If rule 146 does not ring a bell, do not worry. Ralston Purina Co. [4]

Start-ups 45

Start-ups Marketability Price to Earnings Finance 45

Reynolds Holding

APRIL 21, 2022

On March 21, 2022, the Securities and Exchange Commission proposed, in a 510-page release , climate-related disclosure rules for public companies. Although the proposed rules do not impose industry-specific requirements, in certain areas they would have a particularly significantly impact on companies in the financial sector.

Finance 45

Finance Banking Compliance Equity 45

Reynolds Holding

MAY 11, 2022

As is customary, I’d like to note that I’m not speaking on behalf of my fellow Commissioners or the SEC staff. When I first appeared before this group, as Chair of the Commodity Futures Trading Commission (CFTC), Washington was still developing the regulatory response to the 2008 financial crisis.

Marketability 45

Marketability Banking Compliance Treasury 45

Reynolds Holding

JUNE 13, 2023

The article’s essential contribution to the literature is a unifying framework that separates crypto into categories based on the economic substance and legal attributes of particular assets – providing a powerful tool for understanding market structure, revealing abusive industry practices, and identifying areas for regulatory action.

Marketability 64

Marketability Equity Banking Technology 64

Reynolds Holding

JUNE 7, 2022

In March 2022, the SEC proposed rules (the “Proposed Rules”) that, if adopted, will require public companies to include extensive climate-related disclosures in their periodic reports. [1] Good corporate governance practices are necessary to ensure that public companies appropriately manage their environmental and social risks.

Banking 58

Banking Marketability 58

Reynolds Holding

SEPTEMBER 11, 2023

Securities and Exchange Commission (“ SEC ”) adopted new rules under the Investment Advisers Act of 1940 (the “ Advisers Act ”) that will significantly impact private fund advisers (the “ Final Rules ”). How this new position will manifest remains to be seen given the widespread practice of adviser indemnification.

Compliance 40

Compliance Marketability Start-ups Banking 40

Reynolds Holding

FEBRUARY 1, 2023

Thank you Thomas [Kim] for that lovely introduction and I’m very pleased to be here at the Securities Regulation Institute giving the Alan B. Before I begin, let me make my standard disclaimer – the views I express today are my own and do not necessarily represent the views of the SEC or my fellow Commissioners.

Marketability 58

Marketability Corporate Finance Compliance Equity 58

ThomsonReuters

JANUARY 29, 2024

And there are reporting best practices for ESG auditing that can be helpful to companies and the legal and tax agencies providing auditing support. In May 2021, President Biden issued an executive order on climate-related financial risk, requesting the U.S. Guidelines for reporting haven’t been clear or consistent.

Start-ups 52

Start-ups Treasury Technology Banking 52

Reynolds Holding

MARCH 6, 2023

I am honored to speak to this distinguished group of academics, practitioners, and regulators at today’s “Going Public in the 2020s” conference. One important question to ponder is – if we were to start with a clean slate, would we design the securities laws in the same manner that we did nearly 90 years ago? operating companies. [5]

Compliance 45

Compliance Marketability Start-ups Banking 45

Reynolds Holding

NOVEMBER 7, 2023

For example, data privacy generally and in particular open banking, in which financial data are shared with third parties like technology providers, are already regulated, and it would be logical to also regulate the use of AI in those contexts. Central banks and regulators still have to produce a regulatory AI framework.

Banking 116

Banking Technology Finance Marketability 116

Reynolds Holding

MARCH 27, 2023

Although the number of securities lawsuits filed this year remained steady compared to 2021, we have seen many notable developments in securities law. We examine developments in federal securities litigation involving special purpose acquisition companies. In particular, the Second Circuit in SEC v.

Technology 59

Technology Start-ups Compliance Finance 59

Audit Board

AUGUST 31, 2023

Read on for guidance across geographies (including a downloadable ESG Regulations Quick Reference PDF covering status, scope, applicability, timing, audit requirements, and more) and best practices on preparing for what’s next. Companies should be working to understand the cross-border implications for their operations.

Compliance 52

Compliance Start-ups Technology Banking 52

Reynolds Holding

JANUARY 22, 2023

SIGNIFICANT LEGAL AND REGULATORY DEVELOPMENTS IN 2022 SEC’s proposed climate-related disclosure rules: On March 21, 2022, the Securities and Exchange Commission proposed expansive climate-related disclosure requirements in a proposing release that, if adopted, would require U.S.

Banking 49

Banking Marketability Equity Finance 49

Reynolds Holding

MAY 25, 2022

Two geopolitical crises – the Covid-19 pandemic, and the Russian invasion of Ukraine – strained international supply chains and destabilized financial markets. We then examine the Covid-19 pandemic – the most disruptive geopolitical event since the 2008 financial crisis. Over the past two years, U.S. THE DISCLOSURE LANDSCAPE.

Compliance 53

Compliance Start-ups Marketability Corporate Finance 53

Reynolds Holding

JULY 27, 2022

1] As I suspect many of you know – and as the spring regulatory agenda demonstrates [2] – there is a significant list of current issues and trends in Investment Management under consideration at the Securities and Exchange Commission right now. Third, the SEC’s mission pledges to maintain fair, orderly, and efficient markets.

Banking 45

Banking Marketability Finance Corporate Finance 45

Reynolds Holding

NOVEMBER 9, 2022

On October 19, 2022, 19 Republican state attorneys general (the AGs) launched a coordinated investigation by issuing civil investigative demands (CIDs) to six major US banks. The CIDs seek information related to the banks’ membership in the United Nations’ Net-Zero Banking Alliance (NZBA) and other climate-related initiatives.

Banking 80

Banking Finance 80