Nationwide Injunction Against the CTA by a Texas Court
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA) and its…
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California Assembly Bill 2432: New Penalties for Corporate Crimes
California has recently enacted Assembly Bill 2432 (AB 2432), also known as the California Victims of Crime Act, which introduces significant changes to the penalties for corporate crimes. This new…
Texas Judge Blocks FTC’s Ban on Non-Compete Agreements
In a significant legal development, a federal judge in Texas has blocked the Federal Trade Commission’s (FTC) rule that aimed to ban non-compete agreements across the United States. This ruling…
Uncertainties Regarding FTC Ban of Non-Compete Agreements
On April 23, 2024, the Federal Trade Commission (FTC) issued a landmark final rule that effectively bans most non-compete agreements across the United States, with a few exceptions. See our…
Understanding the SEC’s New Rules on Dealer Definition
On February 6, 2024, the Securities and Exchange Commission (SEC) released a final rule that significantly expands the definitions of “dealer” and “government securities dealer.” This expansion covers additional market…
Implications of the FTC’s Nationwide Ban on Non-Compete Agreements
In a landmark move, the Federal Trade Commission (FTC) has issued a final rule that effectively bans non-compete agreements across the United States. This action represents a significant shift in…
Constitutionality of Corporate Transparency Act
The Corporate Transparency Act (CTA) is a law passed by Congress in 2021 as part of the National Defense Authorization Act. The CTA aims to combat money laundering, tax evasion,…
Understanding the Implications of Affiliation in Securities Regulation
In the intricate landscape of securities laws and regulations, few distinctions hold as much significance as the determination of affiliate status. This seemingly technical aspect plays a pivotal role in…
New Cybersecurity Disclosure Rules
The topic of cybersecurity disclosure has been on the Securities and Exchange Commission (SEC)’s radar since at least 2018, when it released preliminary cybersecurity disclosure guidance. The SEC took another…
SEC Amends Beneficial Ownership Reporting Requirements
On October 10, 2023, the Securities and Exchange Commission (SEC) adopted changes to the rules governing the reporting of beneficial ownership set forth in Sections 13(d) and 13(g) of the…