October 2013 Archives - Going Public Lawyers

SEC Suspends 14 Companies To Prevent Corporate Hijackings

Securities Lawyer 101 Blog On October 31, 2013, the Securities and Exchange  Commission suspended trading in 14 zombie companies’ shares, due to their failure to file required SEC filings and reports.   The SEC filed two Orders of Trading Suspensions, with each… Read More

What Disclosures Are Required in Form 10-K ?

Securities Lawyer 101 Blog Form 10-K is a comprehensive annual report filed by SEC reporting companies that details information about the issuer and its operations. Form 10-K is required pursuant to Section 13 or 15(d) of the Securities… Read More

NASAA Requests Comment on Regulation A Offerings

Securities Lawyer 101 Blog On October 30, 2013, the Board of Directors of the North American Securities Administrators Association, Inc. (NASAA) released materials for public comment the about a new proposed coordinated review program for offerings exempt from registration… Read More

Securities Lawyers Gone Wild l Brynee K. Baylor

Securities Lawyer 101 Blog On October 30, 2013, the United States District Court for the District of Columbia granted the SEC‘s motion for summary judgment against all defendants in a civil action arising from a prime bank investment scheme… Read More

SEC Awards Whistleblower Bounty

Securities Lawyer 101 Blog On October 31, 2013, the Securities and Exchange Commission (the “SEC”)  announced an award of more than $150,000 to a whistleblower whose tips helped the agency stop a scheme that was defrauding investors. The award… Read More

SEC Issues Trading Suspension of PVEN’s Common Shares

Securities Lawyer 101 Blog On October 30, 2013, the SEC announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of Press Ventures, Inc. (“PVEN”), of… Read More

FINRA Issues Crowdfunding Portal Proposals l Securities Lawyer 101

Securities Lawyer 101 Blog On October 25, 2013, FINRA announced the release a set of proposed crowdfunding portal rules and forms for equity crowdfunding. Crowdfunding portals that engage in crowdfunding on behalf of issuers relying on the JOBS… Read More

Due Diligence in the Going Public Process l Going Public Attorneys

Securities Lawyer 101 Blog Private companies in going public transactions seeking to have their securities quoted on the OTC Markets OTCQB must first become reporting with the Securities and Exchange Commission (the “SEC”).  This is typically accomplished by… Read More

What Is the Registration Statement Quiet Period ?

Securities Lawyer 101 Blog Companies going public by filing a registration statement on Form S-1 under the Securities Act of 1933, as amended (the “Securities Act”) are often unaware of the securities laws that apply to the “quiet… Read More

Going Public For Foreign Private Issuers

Securities Lawyer 101 Blog The securities laws provide numerous benefits to issuers who qualify as foreign private issuers. Among those benefits are reduced disclosure obligations and relaxed financial statement requirements. Qualification as a foreign private issuer is not determined… Read More