In 2025, Law360’s most-read securities guest articles reflected the dynamic shifts in regulatory landscapes and market practices. Key topics included the U.S. Securities and Exchange Commission’s (SEC) evolving enforcement strategies, particularly concerning cryptocurrency, as well as significant amendments in Delaware corporate law and emerging trends in securities class actions.
A notable article by Simpson Thacher attorneys David Blass, Michael Wolitzer, and Adam Lovell examined an SEC letter that introduced a practical approach to verifying accredited investor status. This development could significantly enhance the utilization of the “general solicitation” exemption under Regulation D of the Securities Act of 1933, potentially allowing fund sponsors to publicize new funds without jeopardizing their exemption status. ([stblaw.com](https://www.stblaw.com/about-us/publications/view/2025/05/05/simpson-thacher-attorneys-author-i-law360-i-article-on-sec-update-to-verifying-accredited-investor-status?utm_source=openai))
Another widely read piece by Simpson Thacher’s Stephen Blake, Meredith Karp, and Jonathan Youngwood analyzed a Ninth Circuit decision affirming the dismissal of a securities fraud class action against a pharmaceutical company. The court found that the company’s marketing materials did not mislead investors, offering valuable insights for pharmaceutical firms on mitigating securities fraud claims related to investor-targeted slogans. ([stblaw.com](https://www.stblaw.com/about-us/publications/view/2025/10/01/simpson-thacher-attorneys-author-i-law360-i-article-on-ninth-circuit-dismissal-of-securities-fraud-class-action?utm_source=openai))
Additionally, an article by Simpson Thacher attorneys Ryan Brizek, Kenneth Burdon, Jonathan Gaines, and Adam Lovell discussed the SEC’s adoption of a more principles-based exemptive relief. This change allows 1940 Act funds to co-invest with affiliated entities, potentially benefiting investors and issuers by facilitating capital raising from fund complexes that include 1940 Act funds. ([stblaw.com](https://www.stblaw.com/about-us/publications/view/2025/05/14/simpson-thacher-attorneys-author-i-law360-i-article-on-sec-s-new-increased-co-investment-flexibility?utm_source=openai))
These articles underscore the legal community’s keen interest in understanding and adapting to the SEC’s regulatory adjustments and the broader implications for securities law practice.