• Guidance for Compliance with SEC Conflict Minerals Rules
  • June 24, 2013
  • Law Firm: Loeb Loeb LLP - Los Angeles Office
  • The Securities and Exchange Commission recently adopted final rules requiring disclosure of the use of “conflict minerals” by public companies, pursuant to a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 “intended to further the humanitarian goal of ending the extremely violent conflict in the [Democratic Republic of the Congo], which has been partially financed by the exploitation and trade of conflict minerals originating in the DRC” or surrounding countries. In light of these final rules, we offer this practical guidance to our clients that may need to conduct a reasonable country-of-origin inquiry regarding their products and how to determine if this is necessary.