On December 22, 2020, the Securities and Exchange Commission ("SEC") announced that it had adopted a new, single rule to replace its current advertising and cash solicitation rules, which had remained largely unchanged since their adoption several decades ago. Among other changes, the amended Marketing Rule...

In another example of the adage “cyber risk is business risk”, Sydney-based hedge fund Levitas Capital recently shut down after a fake Zoom e-mail phishing attack resulted in multiple fraudulent wire transfer attempts. After a fake Zoom invite was opened by one of the fund’s founders,...

In an effort to expand access to capital markets for issuers and investors, on November 2, 2020 the SEC announced that it had approved amendments to certain of its rules relating to exempt private offerings. Among other things, the amendments: establish a new framework for analyzing...