Government & Regulatory Investigations

• SEC Modernizes the Accredited Investor Definition

• SEC Adopts Rule Amendments to Modernize Disclosures of Business, Legal Proceedings, and Risk Factors Under Regulation S-K

• SEC Adopts Expedited Review Process for Exemptive “Substantially Identical” Applications Under Investment Company Act

• Supreme Court Ruling in Liu v. SEC Preserves but Limits SEC Disgorgement Power

• SEC Divisions of Corporation Finance Issues Additional Disclosure Guidance Related to COVID-19 Pandemic

• SEC Offers Limited Rule Relief to Spur Small Business Crowdfunding During Pandemic

• SEC Division of Corporation Finance Issues FAQs Addressing the SEC’s Conditional Relief Order

• SEC Approves NASDAQ Request to Provide Temporary Relief from Certain Shareholder Approval Requirements During COVID-19 Pandemic

• SEC Announces CBOE Amendments to Business Continuity and Disaster Recovery Testing Rules

• SEC Simplifies Disclosure Requirements for Certain Registered Debt Offerings

• SEC Extends Conditional Exemptions from Reporting and Proxy Delivery Requirements for Public Companies, Funds and Investment Advisers Affected by COVID-19

• U.S. Securities and Exchange Commission (SEC) COVID-19 Response

• SEC Permits Virtual Board Meetings and Provides Conditional Relief from Certain Filings Procedures to Assist Funds and Advisers
  

DOJ Updates:

• DOJ Releases First FCPA Advisory Opinion Since 2014

• DOJ/SEC Release New Edition of Foreign Corrupt Practice Act Guidance

• FTC and DOJ Jointly Issue Vertical Merger Antitrust Guidelines

• DOJ Announces Another Increase to False Claims Act Penalties

• United States DOJ Revises Its Guidance on Evaluating Corporate Compliance Programs

• DOJ and SEC Take Aggressive Measures on COVID-19 Fraud

• Department of Justice Makes $850 Million Available To Help Public Safety Agencies Address COVID-19 Pandemic

• U.S. Department of Justice (DOJ) Announces Antitrust Civil Process Changes for Pendency of COVID-19 Event

• DOJ and FTC Issue Joint Antitrust Statement regarding COVID-19
  

FINRA Updates:

• FINRA Shares Best Practices by Firms to Supervise in a Remote Work Environment

• FINRA Updates COVID-19 FAQs
  

NAIC Updates:

• National Association of Insurance Commissioners (NAIC) Insurance Brief: COVID-19 and Insurance

• NAIC Creates Database of State Bulletins and Alerts Regarding COVID-19

Fraud & COVID-19:

• Massachusetts U.S. Attorney’s Office Enters into a Memorandum of Understanding with the Office of the Special Inspector General to Investigate and Prosecute Fraud in the Distribution of Funds Authorized by the CARES Act

• FDA Issues Warning Letter for Fraudulent COVID-19 Treatment Products

• Attorney General William P. Barr Urges American Public to Report COVID-19 Fraud

• Federal Bureau of Investigations (FBI) Sees Rise in Fraud Schemes Related to COVID-19
  

Other Government Updates:

• Consumer Financial Protection Bureau Issues FAQs Addressing Consumer Reporting Under the CARES Act

• Global Privacy Assembly Establishes COVID-19 Task Force

• United Kingdom and United States Issue Joint Cybersecurity Alert Concerning Explosion of COVID-19 Phishing Attacks

• Commodity Futures Trading Commission to Hold an Open Meeting on April 14, 2020 from 10:00 a.m. to 1:00 p.m.

• Federal, State, and Local Law Enforcement Warn Against Teleconferencing Hacking During Coronavirus Pandemic

• Federal Government Response to COVID-19

• Federal Bureau of Prisons (BOP) Implementing Modified Operations