Vedder Price

On July 1, 2024, the SEC adopted significant amendments to the registration and disclosure requirements for registered index-linked annuities and market value-adjusted annuities. To learn more about highlights of this amendment, visit our website below. #SEC #RILAs #MVAs #InvestmentServices

The SEC has approved exchange rule changes to allow the listing and trading of spot Ether exchange-traded products (ETPs). The decision follows recent approval of spot Bitcoin ETPs earlier this year. Follow the link below to read more. #SEC #Cryptocurrency #Bitcoin #InvestmentServices

The NYSE filed an application with the SEC proposing a rule change that would exempt registered closed-end funds from the annual shareholder meeting requirement. Read more on the proposed rule change in our article below. #NYSE #SEC #ClosedEndFunds #InvestmentServices

Following Illinois, New York has become the second state to adopt statewide statutory protections for freelance workers after its signing of the “Freelance Isn’t Free Act.” On August 28, 2024, the Act is scheduled to take effect, impacting workers and employees across various industries. To learn more about how the Act will change protections and regulations surrounding freelance workers, read our latest article from Labor and Employment Shareholder James P. Looby. #NewYorkLaw #LaborLaw #FreelanceIsntFreeAct #FreelanceEmployment

The SEC has settled proceedings against a registered investment adviser over allegedly misleading performance advertising of a private fund that was based on a single investor’s experience. To read more about these developments, visit our website below. #SEC #InvestmentAdviser #InvestmentServices

The SEC has settled enforcement proceedings against a marketing and business communications firm for alleged internal accounting control deficiencies causing the firm’s failure to promptly respond to a ransomware attack. To read more about this administrative proceeding, follow the link below. #SEC #Cybersecurity #InvestmentServices

The Fifth Circuit Court of Appeals vacated the SEC’s 2022 rescission of certain 2020 proxy rule amendments, holding the SEC’s explanation for rescinding the amendments was “arbitrary and capricious.” To learn more about this ruling, visit our website below. #SEC #ProxyRules #InvestmentServices

Vedder Price is pleased to share its support as a Silver Sponsor for the 2024 Federal Policy Conference & Lobby Day hosted by the Employee-Owned S Corporations of America (ESCA) on Wednesday, July 24 through Friday, July 26. Hosted at the Willard InterContinental in Washington D.C., attendees will have the opportunity to hear from Congress’s decision makers on potential policies that could impact S ESOPs. Follow the link for more information on registration and the days’ events: https://bit.ly/3LgbmNB #WashingtonDC #FederalPolicy #ESOP #ESCA

On July 9, Vedder Price proudly attended the NASDAQ bellringing event alongside the Chicago Innovation 2023 award winners, celebrating local innovation across all industries. This occasion also marked the official designation of July 9 as “Chicago Innovation Day” by Mayor Brandon Johnson to honor the city’s significant contributions in various sectors. Read more on our website: https://bit.ly/3YjZXnH #NASDAQ #ChicagoInnovation

We are pleased to share that the firm’s Business Aviation Practice Group - along with Global Transportation Finance Shareholders David Hernandez and Edward Gross, and Partner Derek Watson - have been named to the 2024 Chambers and Partners High Net Worth Guide for their outstanding work in the aircraft financing sector. To read more about the rankings and selections for this prestigious recognition, visit our website below. #GlobalTransporatationFinance #AircraftFinance