Robert N. Rapp
, senior counsel in Calfee’s Securities and Capital Markets group, presented at the Longbow Research 2016 Analyst Compliance Conference on “Disclosing Unpublished Views and Analyses and Appreciating the Plain Meaning of SEC Regulation AC.”
The presentation focused on significant 2016 SEC enforcement initiatives directed to the research analyst community generally concerning market sensitive unpublished opinions, thoughts, comments, views, and analyses as amounting to material non-public information and the potential for misuse of this information. It also addressed the exposure of individual research analysts to tough sanctions under a dormant, but lately resurrected regulation dealing with the integrity and objectivity of research reports.
At Calfee, Rapp’s focus is financial market regulation. In litigation, administrative proceedings and investigatory matters, he represents a wide range of institutional and individual market participants, intermediaries and others impacted by the federal/state legal and regulatory structure dealing with securities, futures and capital markets. He likewise counsels in regard to compliance and market-related liabilities.