Editor

Michael A. Titera

Partner

Orange County
+1 949.451.4365

October 5, 2026

SEC Opens Up Five-Year Sandbox for Tokenized Trading of NMS Stocks

In lieu of registration and the regulatory framework that would otherwise apply, the SEC has substituted a prescriptive disclosure, transparency, and recordkeeping regime for trading tokenized securities. On September 17, 2026, the SEC issued a five-year exemptive order, which it calls the “Innovation Exemption,” to enable on-chain trading of tokenized National Market System (NMS) stocks…

September 1, 2026

SEC Proposes Regulation E-Delivery to Modernize Delivery Requirements for Investor Communications

New proposal would replace the SEC’s current guidance-based paper-first framework with a rules-based opt-out e-delivery regime.

August 18, 2026

SEC Division of Corporation Finance Withdraws Indefinitely from the Shareholder Proposal Process

Companies continue to be required under Rule 14a-8(j) to notify the SEC when they intend to exclude Rule 14a-8 shareholder proposals from their proxy materials.

June 16, 2026

Key Current Securities and Governance Issues for Boards of Directors

Navigating recent SEC rule proposals, shifting investor engagement, and other new securities regulation and corporate governance developments.

May 22, 2026

SEC Proposes Amendments to Streamline and Recalibrate Filer Status Determinations and Related Reporting Obligations

The SEC is seeking comments on a variety of aspects of the proposed amendments, including on whether any additional accommodations for SNFs may be appropriate.

May 8, 2026

SEC Proposes Amendments to Permit Optional Semiannual Reporting by Public Companies

Companies evaluating the alternatives would need to consider a number of factors addressed in this update, including investor expectations and any reporting obligations under debt agreements.