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In January 2021, Congress enacted the Corporate Transparency Act (“CTA”), which is intended to bring the U.S. into compliance with international anti-money laundering standards. It will...
Many view special purpose limited liability companies (SPE) in real estate transactions like a scrim with front lights on. The public can't see who owns the SPEs, and that causes...
Thursday, December 31, 2020 1 to Rule 144, including changes related to the filing of Form 144. 2 The proposed amendments also include a minor change to Forms 4 and 5. These proposed amendments will be subject to a 60-day comment period after they are published in the Federal Register, which has not happened as of the date of this alert. This alert summarizes the key aspects of the proposed changes. Proposed Amendment to Rule 144 The Holding Period for Securities Acquired Upon Conversion or Exchange of Certain Market-Adjustable Securities Issued by Unlisted Issuers Would Not B...
On 22 December 2020, the Securities and Exchange Commission (the SEC) proposed various amendments 1 to Rule 144, including changes related to the filing of Form 144. 2 The proposed amendments also include a minor change to Forms 4 and 5. These proposed amendments will be subject to a 60-day comment period after they are published in the Federal Register, which has not happened as of the date of this alert. This alert summarizes the key aspects of the proposed changes. Proposed Amendment to Rule 144 The Holding Period for Securities Acquired Upon Conversion or Exchange of Certain Market-Adjust...