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…
On the first day of the 2025 Proxy Disclosure Conference & 22nd Annual Executive Compensation Conference in Las Vegas, Dave Lynn was a keynote speaker on two panels entitled “Former Corp Fin Staff on Corp Fin’s Agenda” and “The SEC All-Stars: Proxy Season Insights.” Dave Lynn is a Senior Editor…
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…
Absent action by Congress, a lapse in appropriation will occur following the end of the federal government’s fiscal year on September 30. In the event of a lapse in appropriations, it is expected that the SEC’s normal operations will be curtailed, as has been the case in prior government shutdown…
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 27, 2025, the staff of the SEC’s Division of Corporation Finance published new Exchange Act Rules Compliance and Disclosure Interpretation Question 130.05, which provides guidance on when an issuer may become an accelerated or large accelerated filer after it loses its status as a smaller reporting company. An…
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…