📈SEC Amends Rules of Practice for Registration Statements
The Securities and Exchange Commission ("Commission") is amending its Rules of Practice relating to procedures governing Commission review of staff actions made pursuant to delegated authority in connection with the determination of the effective dates of registration statements and post-effective amendments and the determination of the dates and times of qualification of an offering statement and post-qualification amendments under Regulation A.
Learn More💼FINRA Proposes Amendments to Capital Acquisition Broker Rules
The SEC is reviewing proposed amendments to the FINRA Capital Acquisition Broker Rules, which aim to broaden CAB activities in selling unregistered securities and enhance participation in secondary transactions. The changes could have significant implications on compliance and operational practices for CABs and associated investment firms.
Learn More📈SEC Notice on Investment Company Act Exemption for Share Classes
The SEC issued a notice regarding an application for exemption under the Investment Company Act, allowing specified investment companies to issue multiple share classes with different fees. The application was submitted by Star Mountain Lower Middle-Market Capital Corp. and Star Mountain Fund Management, LLC, and interested parties may request a hearing on the matter.
Learn More📈SEC Notice on Varagon Capital Joint Transactions Potential
The SEC has issued a notice regarding an application for an order under the Investment Company Act to allow certain business development companies and closed-end management investment companies to co-invest in portfolio companies. This could enable increased collaboration and investment opportunities among the entities involved.
Learn More📈LTSE Proposes Extension of Capital Markets Solutions to Four Years
The Securities and Exchange Commission publishes a notice regarding the Long-Term Stock Exchange’s proposal to extend its complimentary Capital Markets Solutions to a four-year term for newly listed and currently listed Companies. This initiative aims to enhance engagement and alignment with long-term investors, promoting business growth and value creation.
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