- Posts by Eric M. FogelPartner
Eric Fogel is a strong force in the world of corporate law and a nationally recognized M&A specialist. With three decades of experience, Eric has served as lead counsel on some of the country’s largest and most complex transactions ...
The Securities and Exchange Commission (SEC) has been increasing its enforcement actions against cryptocurrency companies and individuals in recent years. In 2022, the SEC brought 24 litigation actions in federal courts and 6 administrative proceedings against cryptocurrency companies and individuals, a significant increase over the previous year.
On March 21, 2022, in an effort to provide consistent, comparable, and reliable data for investors to enable them to make informed judgments about the impact of climate related risks on current and potential investments the Securities and Exchange Commission (“Commission”) proposed for public comment amendments to its rules under the Securities Act of 1933 (“Securities Act”) and Securities Exchange Act of 1934 (“Exchange Act”). Known as the Climate Risk Disclosure Act (S. 1217; H.R. 2570) the rules would require domestic and foreign public registrants to provide climate-related information in their registration statements and annual reports. The proposed rules would require information about a registrant’s climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. The required information about climate-related risks would also include disclosure of a registrant’s greenhouse gas emissions (“GHG”)(“Scope 1”), indirect emissions from purchased electricity or other forms of energy (“Scope 2”), and GHG emissions from upstream and downstream activities in its value chain (“Scope 3”) which have become a commonly used metric to assess a registrant’s exposure to such risks. In addition, under the proposed rules, certain climate-related financial metrics would be required in a registrant’s audited financial statements.
Welcome to the Amundsen Davis Corporate Legal Update where our attorneys blog about insights on corporate governance, securities regulations, M&A news and more.
- Calming Depositor Angst at Community Banks
- New Guidance on the Beneficial Ownership Information Reporting Rule
- Cryptocurrency Companies Should Expect More SEC Enforcement in the Near Future
- FTC Announces Increases to Hart-Scott-Rodino Act Notification Thresholds and Filing Fees
- Forever Chemicals (PFAS) in Real Estate Transactions: Avoiding Forever Consequences
- Private Placement – State and Federal Law Considerations
- Patience is a Virtue: Landmark Federal M&A Broker Exemption Effective March 29, 2023
- Opt In/Out Deadline for New Wisconsin LLC Law is December 31, 2022
- Tick Tock: Election to Opt-Out of Wisconsin’s New “Creditor-Friendly” LP And LLC Acts Expire December 31, 2022
- What the SEC’s New Strategic Plan Means for the Financial Industry and Investors