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Securities Law Blog
Use the search or alphabetical categories to locate information on any and all schedules, rules, legislation or updates to corporate and securities laws. Laura Anthony, Esq. has been publishing weekly articles for the past 600 weeks. If you need assistance or have questions, please reach out to Laura Anthony, Esquire, Founding Partner of Anthony, Linder & Cacomanolis, PLLC using any of the contact forms on this site or visit the firm website for further information.Â
RECENT POSTS
SEC Withdraws 14 Rule Proposals
On June 12, 2025, the SEC withdrew fourteen (14) rule proposals, backtracking many Biden-era regulations including several in the environmental, social and governance (ESG) arena. This move clears the slate for what should be a very different spring regulatory agenda, expected to be published in early July. Each of these rules were discussed to some extent in my last Regulatory Agenda update – which can be reviewed here – HERE.
Disclosures On Offerings And Registrations Of Securities In The Crypto Asset Markets
On April 10, 2025, the SEC Division of Corporation Finance (“CorpFin”) issued a statement on disclosurs in offerings and registrations of securities in the crypto asset markets. This is the third statement issued by CorpFin on various topics dealing with cryptocurrencies and digital assets in a matter of weeks. For a review of CorpFin’s statement on certain proof of work mining activities see HERE and on stablecoins, see HERE.
SEC Statement On Stablecoins
On April 4, 2025, the SEC’s Division of Corporation Finance (“CorpFin”) issued a statement on stablecoins. In Particular, the statement addresses stablecoins that are designed to maintain a stable value relative to the United States Dollar (“USD,”) on a one-for-one basis, can be redeemed for USD on a one-for-one basis (i.e., one stablecoin to one USD), and are backed by assets held in a reserve that are considered low-risk and readily liquid with a USD-value that meets or exceeds the redemption value of the stablecoins in circulation (“Covered Stablecoins”).
SEC Statement On Proof-Of-Work Mining Activities
On March 20, 2025, the SEC’s Division of Corporation Finance (“CorpFin”) issued a statement on certain proof-of-work mining activities. Illustrating CorpFin’s evolving understanding of the digital world, the statement drills down to a very specific aspect of the crypto mining industry.
SEC Withdraws Statement On Broker Dealer Custody Of Digital Asset Securities
On May 15, 2025, the SEC Division of Trading and Markets and Office and FINRA’s Office of General Counsel withdrew their joint statement on broker dealer custody of digital asset securities. The original joint statement had been issued on July 8, 2019 (see HERE). This original statement has oft been thought of as the reason that broker dealers have not (could not) adopt any broad ranging policies or procedures related to digital assets.
New Guidance On Rule 14a-8 Shareholder Proposals And No Action Letter Process
On February 12, 2025, shortly after the inauguration, the SEC Division of Corporation Finance (“Corp Fin”) issued Staff Legal Bulletin 14M (“SLB 14M”) rescinding SLB 14L which had in turn rescinded prior SLBs 14I, 14J and 14K. As an aside, SLB 14L was issued under then new Chair Gary Gensler in 2021 following Biden’s election, and the prior three SLB’s had been issued under then Chair Jay Clayton, following President Trump’s first election. For more on SLB 14L see HERE.
Delaware Reworks General Corporation Law
On March 25, 2025, Delaware enacted sweeping changes to the Delaware General Corporation Law (“DGCL”) to provide certainty to key areas of Delaware corporate law. The changes are expected to reduce the tide of redomestications to other states and reduce litigation risks for corporations and their boards of directors. The key changes include new safe harbor protections for one or more directors, officers, or controlling shareholders/groups, from liability where they may not be independent in a transaction and changes to stockholders’ rights to inspect books and records.
SEC Publishes CD&I On Mergers And Acquisitions, Form S-4 And Tender Offers
On March 6, 2025, the SEC published several updates to its compliance and disclosure interpretations (“CD&I”) related to mergers and acquisitions, Form S-4 and tender offers.
Widespread “Dealer” Litigation Is Almost Over!
SEC Chair Uyeda Talks SEC Priorities
Commissioner Peirce Gives A Sneak Peak At SEC Priorities
SEC’s Fall 2024 Flex Regulatory Agenda
Climate Disclosure Rules On The Way Out
NASDAQ Finalizes Amendments To Accelerate Delisting Process
Market Wrap Up – November and December 2024
SEC Enforcement Actions For Late Form D Filings
NASDAQ Proposes Amendment To Liquidity Listing Standard
Market Makers Rely on Due Diligence in Reverse Mergers
OTCBB Reporting Requirements Enable Successful Reverse Mergers
Examination of Rule 144 and Potential Interpretations
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