September 19, 2021

Not just for banks: US Congress passes legislation providing relief from Dodd-Frank era regulations restricting capital formation

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By David M Lynn, Scott Lesmes, Marty Dunn, Susan I Gault-Brown Contributed by Morrison & Foerster LLP From ILO On May 24, 2018, President Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act (the “Act”). While much of the Act was designed to provide smaller financial institutions and community banks with […]

SEC publishes new guidance on cybersecurity disclosures and compliance practice

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By Marty Dunn, Scott Lesmes, Miriam H Wugmeister, Marty Dunn, John P Carlin From Morrison Foerster Source: ILO In an unusual step that appears to indicate renewed, if not intensified, scrutiny of public companies’ cybersecurity practices by the Securities and Exchange Commission (SEC), the SEC’s five commissioners unanimously issued guidance (the “Guidance”) on February 21, […]