Thursday, March 4, 2021
On Friday, February 26, the U.S. Securities and Exchange Commission (“SEC”) announced in a press release that they are suspending trading in 15 stocks in an effort “as part of its continuing effort to respond to exploit investors during the recent market volatility.” The February 26, 2021, order issued by the SEC states that “none of the issuers has filed any information with the SEC or OTC Markets, where the companies’ securities are quoted, for over a year. The SEC said that this followed the suspension of trading in some six stocks in the prior week. In each case, the SEC asserts that they appear to “have been the targets of apparent social media attempts to ARTIFICIALLY inflate their stock prices” (emphasis added).
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Summarizing certain issues that should be considered by potential sellers and buyers of a private investment fund management business, with a particular focus on a transaction that involves the sale of all or substantially all of a registered investment adviser.
Legal Disclaimer
You are responsible for reading, understanding and agreeing to the National Law Review s (NLR’s) and the National Law Forum LLC s Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free to use, no-log in database of legal and business articles. The content and links on www.NatLawReview.com are intended for general information purposes only. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. No attorney-client or confidential relationship is formed by the transmission of information between you and the National Law Review website or any of the law firms, attorneys or other professionals or organizations who include content on the National Law Review website. If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor.
On February 18, 2021, the Institute of International Finance hosted the U.S. Climate Finance Summit, at which both the Acting Director of the SEC’s Division of Corporation Finance, and Federal Reserve Governor made statements in favor of companies providing fulsome ESG disclosures.