New and innovative ideas keep businesses one step ahead of the competition. However, dealing with idea submissions from third parties, such as independent contractors, customers, or members of the general public, can present serious issues that have the potential to derail a business as it moves forward with a new venture. Having a set of
Routine investment adviser examinations by the Securities and Exchange Commission (SEC) typically begin with requests from the SEC staff for the production of certain documents. When the investment adviser submits documents in response to these production requests, those materials may become subject to disclosure by the SEC through Freedom of Information Act (FOIA) requests, thereby
To operate in the crypto or AI space, it is often necessary for parties to enter into a Hosting Services Agreement or Colocation Agreement to secure capacity in a data center. Those agreements can contain landmines that erupt in litigation, and unless they are quickly and satisfactorily resolved, they can threaten essential operations and cause
The U.S. Securities and Exchange Commission (the “SEC”) issued a press release on May 19, 2026, announcing proposed amendments to its rules and forms relating to registered offerings “designed to increase efficiency, flexibility, and cost savings for public companies while maintaining robust investor protections.” If ultimately implemented, these changes would likely incentivize smaller and mid-sized
In our related post titled “SEC Proposed Amendments: Registered Offerings,” we outlined the significant proposed changes to the regulatory framework surrounding registered offerings, which were announced on May 19, 2026 by the U.S. Securities and Exchange Commission (the “SEC”). In furtherance of expanding access to public markets, reducing the burden of required filings and qualifications,
Key Takeaways
Introduction
On June 25, 2026, the U.S. Department of Agriculture
For decades, the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) has required certain business combinations and related transactions to be reported to the Federal Trade Commission (FTC) and the Antitrust Division of the U.S. Department of Justice (DOJ) according to the federal premerger notification program. As part of the premerger notification program, parties to large
The U.S. Commodity Futures Trading Commission’s (“CFTC”) Market Participants Division (the “Division”) issued No-Action Letter No. 25-50 (the “No-Action Letter”) on December 19, 2025, effectively temporarily reinstating former CFTC Regulation 4.13(a)(4) (the “QEP Exemption”), which was rescinded by the CFTC in 2012. The No-Action relief is available until the CFTC promulgates rules addressing the reinstatement
Beginning on June 29, 2026 (the “Effective Date”), SEC-registered investment advisers charging performance-based fees (e.g. carried interest or performance allocation) and in certain cases exempt reporting advisers[1] (collectively, “Advisers”) must ensure that clients or private fund investors (“Investors”) meet updated “qualified client” thresholds under Section 205-3 of the Investment Advisers Act of 1940 (the
As discussed in our previous article, “Raising Capital Through Private Placements Under Regulation D”, Regulation D provides exemptions to streamline capital raising and avoid the rigorous public disclosure requirements associated with public offerings. To perfect an offering under Regulation D, companies must file a notice of their offering with the Securities and Exchange Commission