SEC Proposes Changes to Rule 701 and Form S-8

On November 24, 2020, the U.S. Securities and Exchange Commission (SEC) proposed changes to Rule 701 and Form S-8 under the Securities Act of 1933. While most of the initial attention has focused on the revisions that would allow equity compensation to be granted to “gig economy” workers, certain other revisions are broader in scope and apply to all private and public companies relying on Rule 701 or Form S-8 to grant equity compensation to service providers. READ MORE