CII General Counsel Jeff Mahoney had a call with SEC staff members February 26 to get clarification on the commission’s new guidance on submitting 13D and 13G filings. The Q&A below taken from that call provides more details about how the SEC plans to apply the guidance.

The number of U.S. IPOs climbed 34% to 63 for calendar 2024, according to a recent analysis by CII. Over the same time period the share of companies going public with a single class slid to 78%, down from 83% the previous year, and marking the second consecutive yearly decrease.

A new GAO report found that the structure and amount of executive compensation packages at Silicon Valley Bank, Signature Bank and First Republic Bank, which all failed in 2023, were in line with their peer banks. As a result, the publication strongly recommends that the SEC and other federal agencies “jointly prescribe regulations or guidelines . . . to implement Section 956 of the Dodd-Frank Act, as soon as practicable.”

?Under an executive order (EO) signed by President Donald Trump February 19, the leaders of all federal agencies, including independent regulatory agencies such as the SEC, are instructed to identify and provide to the Office of Management and Budget’s Office of Information and Regulatory Affairs (OIRA) a list of regulations.

The SEC announced the creation of the Cyber and Emerging Technologies Unit (CETU), to replace its Crypto Assets and Cyber Unit. CETU is charged with “combatting cyber-related misconduct” and protecting “retail investors from bad actors in the emerging technologies space.”

CII staff members were out and about, and CII Executive Director Bob McCormick was featured on a Directors & Boards' podcast about reincorporation.