federal_register: 04-27434
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04-27434 | Amendments to Regulation M: Anti-Manipulation Rules Concerning Securities Offerings | Proposed Rule | The Securities and Exchange Commission (Commission) is proposing amendments to Regulation M under the Securities Exchange Act of 1934 (Exchange Act), which governs the activities of underwriters, issuers, selling security holders, and others in connection with offerings of securities. The proposed amendments are intended to prohibit certain activities by underwriters and other distribution participants that can undermine the integrity and fairness of the offering process, particularly with respect to allocations of offered securities. The proposal also seeks to enhance the transparency of syndicate covering bids, which may affect the aftermarket price and trading of an offered security, and prohibit the use of penalty bids. The amendments also are intended to update certain definitional and operational provisions in light of market developments since Regulation M's adoption. As a consequence of these proposed amendments to Regulation M, we are also recommending corresponding changes to disclosure rules under the Securities Act of 1933 ("Securities Act") as well as changes to certain recordkeeping rules under the Exchange Act. | 2004-12-17 | 2004 | 12 | https://www.federalregister.gov/documents/2004/12/17/04-27434/amendments-to-regulation-m-anti-manipulation-rules-concerning-securities-offerings | https://www.govinfo.gov/content/pkg/FR-2004-12-17/pdf/04-27434.pdf | Securities and Exchange Commission | 466 | The Securities and Exchange Commission (Commission) is proposing amendments to Regulation M under the Securities Exchange Act of 1934 (Exchange Act), which governs the activities of underwriters, issuers, selling security holders, and others in... |