The Securities and Exchange Commission recently released a summary of the agency’s enforcement activity for 2015. The announcement depicted a record-breaking number of enforcement actions initiated and monetary fines ordered. Over the past ten years, enforcement actions initiated by the SEC for a given year … Continue reading
Author Archives: Mercedes Erickson
SEC Makes No-Review Letters Public
The SEC has announced that, beginning July 1, 2015, it will release “no-review” letters to the general public through the EDGAR system. Before this announcement, these letters were only available through Freedom of Information Act requests. The SEC Division of … Continue reading
IPO Law Firm Leaders: 2013 & 2014
Transitioning from a private company to a public one is a complex process. Every soon-to-be public company needs to obtain clearance from the SEC in a process that can take as long as a few years. Complying with the various … Continue reading
2014 Financial Restatements Review
Latest Results Show Continuing Positive Restatement Trends For the sixth consecutive year, Revision Restatements, or those that do not undermine reliance on past financials, rose to 76% of all Restatements reported. On the flip side, Reissuance Restatements, which require disclosure in Item 4.02 of … Continue reading
Foreign Corrupt Practices Act: Trends in Enforcement
In 2011, the Securities and Exchange Commission (SEC) initiated fifteen cases against companies alleged to be in violation of the Foreign Corrupt Practices Act (FCPA). Two thirds of those cases involved civil litigation, and the remainder were settled administratively out of court. Jump … Continue reading