May 2013 Archives - Going Public Lawyers

Will Form 12b-25 Extend 10-Q’s Due Date? l Securities Lawyer 101

Securities Lawyer 101 Blog Rule 12b-25 of the Securities Exchange Act of 1934 (the “Exchange Act”) requires SEC reporting companies to provide notice on Form 12b-25 if it is unable to file its report on Form 10-Q within… Read More

Auditor Review of Form 10-Q l Securities Lawyer 101

Securities Lawyer 101 Blog Form 10-Q is used to file quarterly reports under Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”).   Rules 13(a)-13 and 15(d)-13, which require that SEC reporting issuers file… Read More

SEC Charges NASDAQ for Facebook IPO l Securities Lawyer 101

Securities Lawyer 101 Blog On May  29, 2013, the SEC charged  NASDAQ with violating the securities laws as a result of its poor systems and decision-making during the initial public offering (IPO) and secondary trading of Facebook’s common shares. NASDAQ has… Read More

Going Public For a Smaller Reporting Company l Securities Lawyer 101

 Securities Lawyer 101 Blog The federal securities laws establish different levels of disclosure and reporting requirements under the Securities Act of 1933, as amended (the “Securities Act”) and the Securities Exchange Act of 1934, as amended (the “Exchange… Read More

Dead Stock Walking l Reverse Mergers

Securities Lawyer 101 Blog Since 2010, allegations of securities fraud involving Chinese reverse merger companies have mounted.  By December 31 2012, the auditors of at least 67 China-based U.S. public companies had resigned, and 126 China- based public… Read More

SEC Settles Charges against RINO International

Securities Lawyer 101 Blog On May 15, 2013, Dejun “David” Zou and Jianping “Amy” Qiu settled the enforcement action brought by the Securities and Exchange Commission stemming from their alleged looting of Chinese reverse merger company, RINO International Corp.  According to… Read More

FINRA Seeks Access to Facebook Accounts Under Regulation FD l Securities Lawyer 101

Securities Lawyer 101 Blog On April 2, 2013, the SEC released a report on the use of social media by public companies, in which it clarified that public companies may use social media such as Twitter and Facebook… Read More

Does Rule 6490 Impact Going Public Transactions?

Securities Lawyer 101 Blog Smooth Sailing for Companies Avoiding Reverse Mergers in their Going Public Transactions FINRA Rule 6490, has evolved since it was enacted over two years ago. For some time, FINRA has required that issuers provide expansive disclosures… Read More

Investor Relations 101 l Securities Lawyer 101 Blog

Securities Lawyer 101 Blog Investor relations or stock promotion involves the dissemination of information about a public company to increase its stock price and trading

Two Years Later l FINRA Rule 6490 l Going Public Attorneys

Securities Lawyer 101 Blog FINRA Rule 6490, enacted over two years ago requires issuers of securities not listed on exchanges to provide timely notice to FINRA of certain corporate actions including reverse mergers.  Rule 6490 applies to corporate… Read More