U.S. Capital Markets Regulation and Practices
An Overview for Non-U.S. Companies
Authors: Peter A. Baumgaertner, David S. Baxter, Frank Vivero
Capital markets in the United States provide an unparalleled source of investment capital, measured in trillions of dollars, for companies located outside the United States. For non-U.S. companies that sell securities in the United States, U.S. markets and rules allow companies to raise funds on an expedited and economically efficient basis with significant benefits.
The SEC Adopts Transaction Requirements that Preserve Form S-3 Eligibility for Most Issuers
Authors: David S. Baxter, Jeffrey J. Delaney, Todd W. Eckland, Kimberly E. Moritz
The Securities and Exchange Commission (SEC) has eliminated the use of investment grade credit ratings as a transaction requirement for short-form registration of securities, instead creating alternative transaction requirements that preserve the use of Form S-3 for most companies that previously relied on their investment grade credit ratings.