Recently, the Securities and Exchange Commission filed a complaint against Curt Kramer and three companies owned by Kramer, 1800 Diagonal Lending Company, LLC, Power Up Lending Group, Ltd., and Geneva Roth Remark Holdings, Inc. (Securities and Exchange Commission v....
Content By Andrew J. Wilber
The SEC Cracks Down on “AI Washing”
The Securities and Exchange Commission (SEC) has sent clear signals that it will pursue companies for “AI washing” — touting the use of artificial intelligence in ways that are false or misleading. The SEC has imposed fines on two investment advisors for AI washing,...
SEC Increases Oversight of Investment Advisers to Private Equity Funds and Hedge Funds with New Rules
SEC Approves New Rules Impacting Investment Advisers and Funds On Wednesday, August 23, 2023, the Securities and Exchange Commission (SEC) voted 3-2 along party lines to approve new rules and rule amendments under the Investment Advisers Act of 1940 (Advisers Act)....
Ohio’s Top Securities Regulator Backs Restrictions on REIT Investments
The North American Securities Administrators Association (NASAA), a non-governmental organization that recommends securities regulations for state adoption, has published proposed rules that would limit the ability of individuals to invest in unlisted real estate...
SEC Proposes to Narrow Bases for Excluding Shareholder Proposals
On July 13, 2022, the Securities and Exchange Commission (SEC) proposed rule changes that would make it harder for reporting companies to exclude shareholder proposals from their proxy statement by narrowing certain existing legal bases for excluding proposals....
SEC Proposes New Cybersecurity Disclosure Requirements for Public Companies
The SEC's Rule Proposals Aim to Assist Investors On March 9, 2022, the U.S. Securities and Exchange Commission (SEC) proposed new rules “to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incident reporting by...
Helping your Company Stay “Organized:” Updating Organizational Documents under the Revised Ohio Limited Liability Company Act
An LLC should run like a reliable car—without hitches and hiccups that could interrupt business and put company assets at risk. Maintenance and fine-tuning of an LLC’s organizational form should also be as routine as car maintenance. As such, it is important to check...
Dogecoin Nears $50 Billion — Wow, Much Amaze!
An unlikely cryptocurrency is now worth almost 50 times what it was valued on January 1 of this year. According to the Dogecoin website, the digital currency is “favored by Shiba Inus worldwide.” Clearly, Dogecoin doesn’t take itself too seriously, so why does it have...
Opting Out: New California Regulations Protect Personal Information
On March 15, 2021, the California Attorney General finalized modified regulations to the California Consumer Protection Act (the “CCPA”) that strengthen consumers’ ability to “opt out” of having their personal data collected, sold, or otherwise used. The California...
The Impact of Gov. DeWine’s Proposed Ohio Budget on Health Care
Last week, Gov. Mike DeWine released his proposed two-year budget for the State of Ohio. Gov. DeWine's proposal aims to make the health of Ohioans a top priority of the state and, as a result, it includes a number of line items that will impact the health care...