• SEC Eases Social Media Restrictions
  • April 30, 2014 | Authors: Richard B. Aftanas; Adrian J.S. Deitz; Gregory A. Fernicola
  • Law Firms: Skadden, Arps, Slate, Meagher & Flom LLP - New York Office ; Skadden, Arps, Slate, Meagher & Flom LLP - Sydney, New South Wales Office ; Skadden, Arps, Slate, Meagher & Flom LLP - New York Office
  • Last week, the staff of the U.S. Securities and Exchange Commission’s (SEC) Division of Corporation Finance issued guidance intended to facilitate the use of social media in connection with capital markets transactions, business combination transactions, tender offers and proxy contests. The guidance is intended to make it easier to satisfy the legend requirements applicable to certain transaction-related electronic communications.