Securities Law Update—June 2024

Welcome to the latest edition of Fenwick’s Securities Law Update. This issue contains news on:

  • Rules and regulations covering proposed changes to Nasdaq and SEC rules, as well as an overview on Colorado’s new “high-risk” AI legislation.
  • SEC public commentary and guidance issued during Securities Enforcement Forum West 2024 and the SEC Chair’s statement on new crypto legislation recently passed by the House of Representatives.
  • Recent litigation, including proceedings against the Intercontinental Exchange, Inc. and updates on climate disclosure rules and Exxon Mobil’s board vote that came against a backdrop of litigation against an activist investor.
  • Proxy season trends, including say-on-pay, shareholder proposals, director election results, and no-action letter trends.
  • Disclosure trends covering public companies’ diversity disclosures.