On December 2, 2025, SEC Chairman Paul Atkins spoke at the New York Stock Exchange about the current state of U.S. capital markets, the challenges they face, and potential reforms to strengthen them. As the United States approaches its 250th anniversary, the Chairman highlighted the history of the markets and…
On November 12, 2025, the 43-day U.S. federal government shutdown ended when legislation was enacted that funds most federal agencies until January 30, 2026, and the SEC Staff returned to work on November 13, 2025. Upon reopening, the Staff of the SEC’s Division of Corporation Finance issued guidance regarding the…
The SEC Division of Corporation Finance has updated its October 1, 2025 guidance regarding actions in advance of a potential government shutdown, with the revised version dated October 9, 2025. The most significant substantive change relates to update guidance in response to the question of whether registrants can file an…
On September 10, 2025, the SEC announced that an open meeting will be held on September 17, 2025 and the agenda items include: Whether to issue a policy statement addressing the presence of a provision requiring arbitration of investor claims arising under the federal securities laws and its impact on…
On September 10, 2025, the SEC announced that James J. Moloney, a partner at Gibson Dunn, has been named Director of the agency’s Division of Corporation Finance, effective in October. He previously served on the SEC Staff in the Division of Corporation Finance from 1994 to 2000. The announcement notes…
The Securities and Exchange Commission has announced the formation of a new Cross-Border Task Force designed to strengthen enforcement efforts against international fraud targeting U.S. investors. This specialized unit will focus on investigating securities law violations by foreign-based companies, with particular attention to market manipulation schemes like “pump-and-dump” operations. The…
On August 29, 2025, the staff of the SEC’s Division of Corporation Finance announced that an updated version of the Financial Reporting Manual has been posted to reflect i) additional real estate related and other miscellaneous revisions to conform to the May 20, 2020 amendments to the Regulation S-X Acquisition…
On August 1, 2025, the Securities and Exchange Commission (SEC) announced the launch of a task force on artificial intelligence (AI) that will spearhead the agency’s efforts to enhance innovation and efficiency in its operations through the responsible use of AI. Valerie Szczepanik, who has been named the SEC’s Chief…
On July 21, 2025, the SEC announced that it has designated George R. Botic to serve as Acting Chair of the Public Company Accounting Oversight Board, effective July 23, 2025. The PCAOB announced last week that Chair Erica Williams will depart the Board on July 22. The SEC’s announcement notes…
The staff of the SEC’s Division of Corporation Finance periodically publish informal staff interpretations to the public via the Financial Reporting Manual (FRM). On July 2, 2025, the staff announced that it had published an updated version of the FRM effective June 30, 2025. The updated version of the FRM…