As many spent the first quarter chasing their New Year’s fitness goals, so, too, did the SEC, resolving to trim down its climate rules and bulk up other key guidance. In this Snapshot, we review the agency’s decision to walk back its defense of the climate rules litigation, as well as a recent directive from the Trump administration that reshapes how independent agencies—including the SEC—operate. We also address updated guidance from the SEC on topics including non-public review of draft registration statements, Schedule 13G reporting eligibility, exempt solicitation filings, and verification of accredited investors in Rule 506(c) offerings.
Source: Securities Snapshot: 1st Quarter 2025 – Trimming Climate Rules, Bulking Up Guidance