March 2013 Archives - Going Public Lawyers

What Are Public Shell Companies?

Securities Lawyer 101 Blog In recent years, the Securities and Exchange Commission (“SEC”)  and the Financial Industry Regulatory Authority (“FINRA”)  have taken steps to limit transactions involving private companies going public using reverse mergers with public shell companies. One limitation… Read More

Why Both Private and Public Companies Need a Securities Attorney

Securities Lawyer 101 Blog  Every offer and sale of securities is regulated by both state and federal securities laws. Generally, all securities offerings must be registered or exempt from federal and state securities registration laws. Failure to comply with these… Read More

Brenda Hamilton, Securities Attorney, In Linkedin’s Top 1 %

Securities Lawyer 101 Blog Brenda Hamilton, a securities attorney and founder of Hamilton & Associates Securities Lawyers has been honored as a Top 1 Percent LinkedIn Subscriber.  LinkedIn.com reports that Ms. Hamilton’s profile was in the top 1… Read More

Securities Lawyers Gone Wild l Carrillo Huettel

Securities Lawyer 101 Blog On March 15, 2013, the Securities and Exchange Commission (the “SEC”) charged securities law firm Carrillo Huettel and others in an alleged international “pump-and-dump” scheme involving two publicly traded U.S. companies, Pacific Blue Energy Corporation… Read More

FINRA Bars Jeffrey Rubin for Transactions Involving 31 NFL Players

Securities Lawyer 101 Blog On March 7, 2013, the Financial Industry Regulatory Authority (“FINRA”) barred Jeffrey Rubin of Lighthouse Point, Florida, from the securities industry.  Rubin was sanctioned for making unsuitable recommendations to an NFL player, advising him to… Read More

What Is a Private Placement? l Securities Lawyer 101

Securities Lawyer 101 Blog The Securities Act of 1933 (the “Securities Act”) provides for a private offering or private placement exemption from federal securities registration which is increasingly being used by companies seeking to raise capital during market downturns and… Read More

Securities Lawyers Gone Wild l Brian Reiss

Securities Lawyers Gone Wild Series Securities Lawyer 101 Blog On March 8, 2013, the Securities and Exchange Commission (the “SEC”) charged Brian Reiss, a California securities lawyer, with churning out baseless legal opinions for penny stocks traded on the OTC… Read More

Dead Stock Walking l Chinese Reverse Mergers

Securities Lawyer 101 Blog Recent actions by the Securities and Exchange Commission (the “SEC”) and the media have alerted the public to fraud involving reverse mergers and Chinese issuers.  In the last two years, the number of securities fraud cases… Read More

Supreme Court Says the Securities Statute of Limitations is 5 Years

Securities Lawyer 101 Blog On February 27, 2013, in the case of Gabelli v. Securities and Exchange Commission, the U.S. Supreme Court unanimously concluded that the securities statute of limitations for SEC enforcement actions seeking civil penalties expires 5… Read More

SEC Approves FINRA Rule 5123

Securities Lawyer 101 Blog The Securities and Exchange Commission recently approved the Financial Industry Regulatory Authority (“FINRA”) proposals to amend Rule 5123 governing FINRA members who participate in private offerings of securities (“Rule 5123”).  Rule 5123 requires FINRA… Read More