KMK Law Corporate & Securities Blog

On November 19, 2020, the SEC continued its disclosure modernization initiative by amending several financial disclosure rules applicable to periodic reports and registration statements. The amendments eliminate the requirement for Selected Financial Data, simplify Supplementary Financial Information disclosures, and streamline disclosure requirements in Management’s Discussion & Analysis.

On November 2, 2020, the Securities and Exchange Commission adopted rule amendments intended to increase opportunities for private companies to raise capital, including by setting higher limits on certain private offerings.  The SEC also simplified certain rules governing private offerings relating to investor communications and otherwise expanding investment opportunities.  In addition to expanding access to capital for private issuers, the intent of these amendments is to make it simpler for issuers to comply with increasingly complex SEC rules, including by eliminating ...