Commercial & Public Finance Archives - Page 5 of 5

Commercial & Public Finance Media MentionsLegislative Gridlock Anticipated to Impact Regulatory Relief for Banking Industry

November 11, 2018

PSH Partner Chris Currier, Chair of the Commercial Lending Practice Group, provided comment to Banker & Tradesman on the anticipated gridlock following the 2018 mid-term elections. Chris provided the legal perspective and Jon Skarin, executive vice president at the Massachusetts Bankers Association, shared their concerns that while regulatory relief for the banking industry would likely be...

Client Alerts Commercial & Public FinanceSEC Adopts Amendments to Municipal Securities Disclosure Rule 15c2-12

August 28, 2018

By Eugene G. Bernardo II and David M. DiSegna Paragraph (b)(5) of Rule 15c2-12 (17 C.F.R. 240.15c2-12) prohibits a participating underwriter from purchasing or selling municipal securities in an offering unless it has reasonably determined that an issuer or obligated person of the municipal securities has undertaken in a continuing disclosure agreement to provide certain...

Client Alerts Commercial & Public FinanceSEC Adopts Final Rules to Amend Rule 504

December 19, 2016

If your company is raising capital by selling securities in a private offering, you’ll likely need to find an appropriate securities law exemption under which to execute the offering. Regulation D of the Securities Act is where you’ll find yourself looking. In the past, most companies have relied heavily on Rule 506 under Regulation D...

Client Alerts Commercial & Public Finance NewsTime to Reform Senate Confirmations

November 23, 2016

By Eugene G. Bernardo II No one can deny the U.S. Senate’s authority in the judicial nominating process. However, something terribly wrong has happened as that majestic body has aggrandized and distorted its role in excess of our founders’ intent. If the rule of law is to survive in its traditional form, the judicial confirmation...

Client Alerts Commercial & Public FinanceLawyer: 1st Circuit answers ‘unique question of law’ in redistricting case A quick word with … Normand Benoit

October 20, 2016

Fallout from the city of Cranston’s 2012 redistricting plan, which included 3,433 prison inmates in one voting ward’s population count, evolved into a legal fight that ultimately reached the 1st U.S. Circuit Court of Appeals. Last month, in Davidson, et al. v. City of Cranston, Rhode Island, a 1st Circuit panel reversed U.S. District Court...

Client Alerts Commercial & Public FinanceIs a SAFE, well, um… Safe?

May 5, 2016

SAFE stands for “Simple Agreement for Future Equity” and is a creation of the ubiquitous start-up accelerator, Y Combinator. SAFEs look like convertible notes, but have some material differences that you should understand. How does a SAFE work? Much like a convertible note, a SAFE is an instrument that gives an investor a right to...

Client Alerts Commercial & Public Finance NewsNew SEC Rules for Municipal Advisors Take Effect July 1, 2014

June 9, 2014

By Eugene G. Bernardo II and Alexandra W. Pezzello Under rules adopted by the Securities and Exchange Commission (the “SEC”) last September that go into effect July 1, 2014, municipal advisors must now register with the SEC. The rules are the result of provisions in the Dodd-Frank Act and are intended to provide additional protections...

Client Alerts Commercial & Public Finance NewsLessons to Learn from the Harrisburg SEC Fraud Charges

June 27, 2013

By Eugene G. Bernardo II and Alexandra W. Pezzello Recently, the Securities and Exchange Commission (the “SEC”) broke new ground when it charged Harrisburg, Pennsylvania (the “City”) with securities fraud in connection with material misstatements and omissions regarding the City’s financial condition. This represents the first time that statements outside of securities disclosures were the...

Client Alerts Commercial & Public Finance NewsSEC Seeks Further Authority to Regulate the Municipal Securities Market

August 1, 2012

By Eugene G. Bernardo II and Alexandra W. Pezzello On July 31, 2012, the Security and Exchange Commission (the “SEC”) issued its much-awaited Report on the Municipal Securities Market (the “Report”). The 165-page Report is the product of a two-year examination of the $3.7 trillion municipal bond market by the SEC. The Report contains recommendations to enhance...

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