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Category Archives: Securities Law

Guide to Social Media and Securities Laws

Jay Baris and Bradley Berman, MOFO Jumpstarter, August 14, 2017.

“The growing use of social media has created challenges for federal securities regulators, who must enforce antifraud rules that were written at a time when the prevailing technology was the newspaper. This Guide summarizes how regulation has evolved in the face of the growing use of social media.  Our guide discusses the principal areas of focus for SEC-reporting companies, registered investment advisers, registered investment companies, and registered broker-dealers that use social media. Read our Guide to Social Media and the Securities Laws.”

Search SEC historical EDGAR filings

“Welcome to the archive of historical EDGAR documents. This search allows you to enter complex queries to retrieve all but the most recent day’s EDGAR filings (from 1994 through 2017). If a simple search will suffice or if you need real-time, up-to-the-minute filings, please visit the main EDGAR Search page for other choices.” Continue Reading

Sqoop – free data journalism site makes it easier to find and track public records

Data Driven Journalism: “Just because there’s a duty to disclose, doesn’t mean there’s a duty to make it easy. This seems to be a universally true when it comes to public records, regardless of the country or government making them available. The consequences for journalists can be profound: hours of time spent digging through messy… Continue Reading

Securities and Commodities Exchange Litigation Up 37 Percent

“The latest available data from the federal courts show that during May 2017 the government reported 128 new securities and commodities exchange civil filings. According to the case-by-case information analyzed by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University, monthly filings when compared with those of the same period in the previous year were… Continue Reading

SEC: Payments for Bullish Articles on Stocks Must Be Disclosed to Investors

News release: “The Securities and Exchange Commission today announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression they were reading independent, unbiased analyses on investing websites while writers were being secretly compensated for touting company stocks. SEC investigations uncovered scenarios in which public companies… Continue Reading

Sentieo Trump Tracker: Follow The President’s Impact on Your Investment

Senteio Blog: “Today, we are excited to introduce the Trump Tracker. It’s a bot that constantly scans new public financial documents for mentions of President Trump. These documents include all SEC filings, conference call transcripts, investor presentations, press releases, and more. The bot instantly surfaces new mentions of Trump as soon as they’re published, while… Continue Reading

Report on Distributed Ledger Technology: Implications of Blockchain for Securities Industry

FINRA – “This paper provides an overview of distributed ledger technology, highlights some key applications being explored in the securities industry and potential impact of the technology, and discusses key implementation and regulatory considerations for broker-dealers.  FINRA welcomes an open dialogue with market participants to help proactively identify and address any potential risks or hurdles in… Continue Reading

Paper – Regulating Information

Bird, Andrew and Karolyi, Stephen A. and Ruchti, Thomas G., Regulating Information (October 18, 2016). Available for download at SSRN: https://ssrn.com/abstract=2901650 “The SEC regulates and standardizes information production in financial markets through financial reporting standards. With a novel dataset exploiting institutional features of the standard setting process. On average, standards increase aggregate market value by… Continue Reading

Treepedia maps trees in cities throughout the world

Treepedia – Exploring the Green Canopy in cities around the world – Using the power of MIT digital research applications and Google Street view users may choose a city from the list included to date, and search by specific location(s) to identify the differences in green space within a city and in comparison to other… Continue Reading

Too Big to Disclose: Firm Size and Materiality Blindspots in Securities Regulation

Georgiev, George S., Too Big to Disclose: Firm Size and Materiality Blindspots in Securities Regulation (December 13, 2016). UCLA Law Review, Vol. 64, 2017. Available at SSRN: https://ssrn.com/abstract=2894538 “This Article argues that the securities disclosure regime contains previously unexamined structural deficiencies, which pertain to the information provided by the largest public companies. These deficiencies arise… Continue Reading

Disclosure 2.0: Can Technology Solve Overload, Complexity, and Other Information Failures?

Gerding, Erik F., Disclosure 2.0: Can Technology Solve Overload, Complexity, and Other Information Failures? (August 1, 2016). Tulane Law Review, Vol. 90, No. 5, 2016. Available for download at SSRN: https://ssrn.com/abstract=2889598 “In recent years, securities law scholars have either renewed an old attack on mandatory issuer disclosure or questioned the effectiveness of securities disclosure in… Continue Reading