Rules previously adopted by the Securities and Exchange Commission to facilitate intrastate and regional securities offerings went into effect on April 20th. Specifically, revised Rule 147 and new Rule 147A became effective on this date.

Every year, FASB releases a new version of the US GAAP XBRL taxonomy. Depending on the individual filer, adopting this new taxonomy can be easy or potentially require a fair amount of work. While FASB does have release notes for the taxonomy, there is little guidance on how to adopt the new changes. In this blog, we will be going over what can change in a taxonomy update, how to identify those changes, and how to determine what, if anything, needs to be done to your filing to incorporate the changes.

The SEC has opened registration for its compliance outreach seminars for investment companies and investment advisers. Seminars are being held in four different cities around the country in May and June.

The SEC is adopting technical amendments to make several rules and forms conform to amendments made to the Securities Act and the Exchange Act by Title I of the Jumpstart Our Business Startups (JOBS) Act. These rules address regular updates to the JOBS Act, as prescribed by Congress, to continue to ensure investors and entrepeneurs benefit from crowdfunding and emerging growth opportunities.