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

Event

Annual Update Part 6: Diversity, Equality, and Inclusion - Top Legal Challenges and Best Practices for Your Company

Join Verrill for its sixth session of the 2022 virtual Labor & Employment Annual Update Series. Verrill attorney Tawny Alvarez will discuss steps that employers are taking to embrace diversity in their hiring practices...

Blog

Four Verrill Attorneys Recognized by Chambers & Partners for Energy and Environmental Law in Maine

Verrill attorneys Juliet T. Browne, James I. Cohen, Gordon R. Smith, and Mathew J. Todaro were recently recognized for energy and environmental law in Maine in the 2022 Chambers & Partners Guide . Chambers...

Publication/Podcast

Hospitals Win 340B Medicare Rate Cut Suit, But When, How, and How Much They Will Recoup Remains Unclear

In a recent unanimous decision, the Supreme Court found that the Centers for Medicare and Medicaid Services (“CMS”), part of the federal Department of Health and Human Services (“HHS”), erred when it significantly reduced...

Event

Implications of the Unlawful Internet Gambling Enforcement Act Webinar

Join Verrill's Robert Laplaca who will be presenting this webinar on understanding what risks confront gambling businesses operating on the internet. The Unlawful Internet Gambling Enforcement Act was passed in 2006, but its implications...

News

Verrill Partner Robert Ruesch Elected to American Bar Association’s Forum on Construction Law’s Governing Committee

Matter

Advised Fortune 500 Company on Group Health and Welfare Benefit Plans

We were engaged by a Fortune 500 manufacturing company to provide legal and compliance services regarding its group health and welfare benefit plans. During the course of our representation, we have advised the company...

Blog

Health Plans: PCORI Fee Is Due August 1, 2022

What is the PCORI Fee? The Affordable Care Act created a non-profit corporation, the Patient-Centered Outcomes Research Institute (“PCORI”), to conduct research to help individuals, providers, and policymakers make better healthcare choices by advancing...

Matter

Elections and Constitutional Law: Successfully Challenged Certification of Initiative Petition

In a victory for consumers and the ride-hailing public, the Massachusetts Supreme Judicial Court recently barred the Secretary of State from placing on the November ballot initiative petitions proposed by companies such as Uber...

Publication/Podcast

New DOJ Task Force Announced Will Impact Health Care Providers & Prescribers in Northern New England

Major enforcement news was released today, Wednesday, June 29, 2022, for medical professionals and anyone working in or around the health care space in Maine , New Hampshire , and Vermont . The United...

News

Verrill Elects Longtime Partner Scott Anderson as New Managing Partner

Contact Verrill at (855) 307 0700