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SEC Proposes Amended “Accelerated Filer” & “Large Accelerated Filer” Definitions
Yesterday, the SEC voted 3-1 – with Commissioner Jackson dissenting – to propose changes to Exchange Act Rule 12b-2’s definitions of “accelerated filer” & “large accelerated filer.” Here’s the 150-page proposing release. This excerpt from the “fact sheet” in the SEC’s press release announcing the proposal summarizes the proposed changes (we’ll be posting memos in our “Accelerated Filers” Practice Area): The proposed amendments would: – Exclude…
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Are SEC Gag Orders Unconstitutional? – SEC Defendant Asks Court to Lift Restrictions
The New Civil Liberties Alliance has filed a Motion for Relief from Judgment with the U.S. District Court for the Southern District of New York on behalf of Barry D. Romeril. Mr. Romeril served as the Chief Financial Officer of the Xerox Corporation from 1993-2001. NCLA has asked the court to remove a gag order…
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SEC Gag Rule Under Attack Again. Are Its Days Numbered?
Nearly 16 years ago, former Xerox Corp. chief financial officer Barry Romeril was among six executives at the company who settled fraud charges with the U.S. Securities and Exchange Commission without admitting or denying guilt. Now, Romeril wants the public to hear his side of the story. But in order to speak out about what happened, Romeril…
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Utahan Appealing Bump Stock Ban Can’t Keep Device
A 10th Circuit panel decided Tuesday to deny a man’s request to keep his bump stock while his appeal over the federal government’s ban on the firearm device is heard. Chairman of the Utah Shooting Sports Council W. Clark Aposhian sued the Bureau of Alcohol, Tobacco, Firearms and Explosives in January after the Trump administration…
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Meet the only person in the US who can legally own a bump stock
Clark Aposhian added a bump stock to his firearms collection about a year before a gunman using the devices, which let semi-automatic weapons fire more rapidly, killed nearly five dozen people at a Las Vegas music festival. Today, the 54-year-old gun lobbyist is the only person in the U.S. legally allowed to own one. The…
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