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MagStone News
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FinCEN Clarifies That Dissolved Entities Are Still Required to File Beneficial Ownership Information (BOI) Reports
September 24, 2024 On July 8, 2024, the Financial Crimes Enforcement Network ("FinCEN") updated its Frequently Asked Questions ("FAQs") (see items C.12-C.14 and D.17) to clarify that the Beneficial Ownership Information ("BOI") -
California Court Rules Assembly Bill 979 Unconstitutional
September 10, 2024 On April 1, 2022, the Los Angeles County Superior Court in California ruled in Robin Crest, et al. v. Alex Padilla ("Crest Case") that Assembly Bill 979 (signed into law on September 30, 2020) violates the Equal Protection Clause of the -
SEC Proposes Rules to Enhance Disclosure and Investor Protection Related to Special Purpose Acquisition Companies (SPACs), Shell Companies, and Projections
September 10, 2024 On March 30, 2022, the U.S. Securities and Exchange Commission (SEC) proposed new rules and amendments to enhance disclosure and investor protection in initial public offerings (IPOs) by special purpose acquisition -
U.S. Securities and Exchange Commission's Proposed Rules on Climate-Related Disclosures
September 10, 2024 On March 21, 2022, the U.S. Securities and Exchange Commission (SEC) released proposed rules ("Proposed Rules") requiring public companies, including foreign private issuers, -
Proposed Rulemaking by the Ministry of Finance Regarding Outbound Investments
August 18, 2024 On June 21, 2024, the U.S. Department of the Treasury ("Treasury") issued a Notice of Proposed Rulemaking ("NPRM") to implement the Executive Order ("Outbound Investment Order") issued by President Biden in August 2023 -
U.S. Congressmen Propose New Regulations Targeting Cryptocurrency
September 3, 2021 Recently, Congressman Don Beyer introduced a new bill to Congress titled the "Digital Asset Market Structure and Investor Protection Act," which aims to establish a legal framework for regulating digital assets. Below are some key proposals from the bill:
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