Extensive knowledge of federal and state securities laws is an important part of the business law services Verrill offers our clients. Securities laws regulate the manner and terms upon which companies seek capital from investors, ranging from a startup company's offering to angel investors to a public company's offering through an SEC shelf registration. Securities laws also impose extensive, complex regulations on a diverse set of financial industry players.

Our securities lawyers have extensive experience representing venture capital firms, private equity firms, angel investors, and issuers in negotiating and documenting investments in privately held companies. Our attorneys also advise private companies and their owners on capitalization issues, governance matters, and steps to be taken in contemplation of a liquidity event, whether as an acquisition target, private equity investment or rollup, employee stock ownership plan (ESOP) transaction, or an initial public offering (IPO).

Members of the Business Law Group also represent issuers and selling stockholders in registered public offerings of equity or debt securities, such as through IPOs, employee stock option plans, or follow-on offerings. We have extensive experience advising publicly held companies on SEC reporting obligations, including design and preparation of proxy statements and of periodic reports on Forms 10-K and 10-Q; disclosure of current developments on Form 8-K; the effect of Regulation FD on other public statements by issuers; regulation of tender offers; stock exchange requirements on board and committee composition; insider trading prohibitions and short-swing trading regulation; SEC comment letter responses and internal investigations; and planning for stock repurchases and other transactions by issuers and their affiliates.

Verrill's securities lawyers provide regulatory and compliance counseling to a broad array of broker-dealers, investment advisors, registered investment companies, and private funds. We also advise individuals who serve as registered representatives, investment advisor representatives, and control persons of financial services firms.

Regulatory and compliance matters handled by our team include:

  • Organization and registration of startup entities to engage in investment advisory or broker-dealer activities in the U.S., including organization of such entities on behalf of non-U.S. parent companies in the financial industry.
  • Advice and legal opinions on various securities law issues arising for specialty players within the securities industry, including third-party marketers.
  • Design, preparation, and updating of written supervisory procedures and policy manuals for investment advisors, broker-dealers, municipal securities dealers, and hedge funds and other private investment funds.
  • Coordination of responses to regulatory examinations and civil or criminal investigations by the SEC, FINRA, NYSE, CFTC, State Securities Administrators, banking regulators, and other relevant regulatory agencies.
  • Defense of firms and individuals in criminal proceedings or civil trials involving allegations of serious misconduct under applicable regulations and criminal statutes.

The leaders of our securities team are well-respected authorities on corporate governance and transactional law. This team complements the firm's securities law practice and enables Verrill to advise clients on the most complex acquisition, financing, and restructuring transactions.

Firm Highlights

Matter

Management Audit

Verrill represented Emera in its 2016 distribution rate case before the Maine PUC. The case involved issues relating to significant new capital investments, including Emera's new customer information system and a controversial substation investment...

Event

IP & Business Transactional Strategies as Life Science Companies Plan Their U.S. Market Entry

Business law attorney Eugene Ho and IP attorney Beverly Hjorth will be presenting for ACTION Innovation Network members for its webinar series, discussing what life science companies should be thinking about when considering entry...

Event

2020 OHRP Exploratory Workshop

Health care attorney Emily Fogler will be presenting at the 2020 OHRP Exploratory Workshop in the third session, discussing sharing responsibilities and protecting participants - redefining roles in the single IRB era. For more...

Blog

Verrill Helps State’s Largest Solar Project Obtain Principal Environmental Permit

Blog

Verrill Helps State’s Largest Solar Project Obtain Principal Environmental Permit

News

Verrill’s Wide-Ranging Private Wealth Law Practice Recognized in 2020 Chambers and Partners High Net Worth Guide

(July 20, 2020) – Verrill attorneys Michael Fay, Kurt Klebe, Mary McQuillen, and Jacqueline Rider were recognized in the Chambers High Net Worth 2020 Guide , Chambers and Partners' fifth edition of the publication...

Publication/Podcast

EU-U.S. Privacy Shield Invalidated: Does Your Company Have a Plan B?

On Thursday, July 16, 2020, the Court of Justice of the European Union (“CJEU”) invalidated the EU-U.S. Privacy Shield (“Privacy Shield”) in Data Protection Commissioner v. Facebook Ireland and Maximillian Schrems (Case C-311/18...

News

After the EPA Inspector Leaves

On July 17, environmental attorney Mat Todaro appeared on an episode of Amplify Your Process Safety, a process safety and risk management podcast. Co-host Rob Bartlett and Mat discuss EPA inspections, what to expect...

Matter

2017 Emera Distribution Rate Case

Verrill represented Emera in its 2017 distribution rate case before the Maine PUC, which included: defeating Staff's proposed reduction to allowed return on equity for "management inefficiency;" approval of new expenditures, such as an...

Publication/Podcast

PPP: How is Maine Faring?

Originally enacted on March 27, the Paycheck Protection Program (PPP) offers loan support and (potentially) loan forgiveness to qualifying small businesses – generally defined as those with not more than 500 employees. According to...