News
News from our committees on business law topics, announcements and more.
SEC Risk Alert on Investment Adviser Rule
The SEC issued a risk alert on Monday (attached) about the new SEC’s Investment Adviser marketing rule, which becomes effective on November 4, 2022. It is worth a read.
SEC increases Emerging Growth Company Revenue Threshold, leaves Crowdfunding threshold unchanged.
Per the attached release, the SEC has increased the Emerging Growth Company maximum revenue threshold to $1,235,000,000. The Crowdfunding threshold is unchanged.
SEC report says SEC Ombudsman neglected duties
Findings Related to the Former SEC Ombudsman The U.S. Securities and Exchange Commission (SEC) Office of Inspector ...
Attorney General William P. Barr Announces Publication of Cryptocurrency Enforcement Framework
A letter, and accompanying report, was released by the U.S. Department of Justice
Legal Opinions Resources
The Legal Opinions Committee of the Section has been working with the Legal Opinions Committee of the ABA's Business Law Section and the World Group on Legal Opinions Foundation to craft a Statement of Opinion Practices to be used by practitioners who regularly give legal opinions about various subjects to their clients. You can find the Statement of Opinion Practices, the related Core Opinion Principles and an Explanatory Note in our Legal Opinions Committee page. Click here to see the materials:
Texas Securities Act Revised and Codified
The Texas Securities Act recodification bill has been filed in the 86th session of the Texas Legilature.
Vermont S 269 Passed and Signed into Law -- Paving the way for state incorporation of digital corporations
Effective on July 1, 2018, Vermont creates a new corporate entity type -- the BBLLC (Blockchain-Based Limited Liability Company) -- that expressly envisions a company that is wholly or partly implemented as a set of smart contracts on a blockchain.
Judge Rules that Cryptocurrencies Can Be Regulated as Commodities
Jack B. Weinstein, Senior United States District Judge so ruled in an order from the court. Commodities Futures Trade Commission v. McDonnell, (E.D.N.Y., March 6, 2018).