November 2013 Archives - Going Public Lawyers

SEC Report Reveals Foreigners Among Dodd Frank Whistleblowers

Securities Lawyer 101 Blog The SEC’s 2013 Annual Report to congress on the Dodd-Frank whistleblower Program shows whistleblowers from 55 countries submitted tips to the SEC. Under the SEC’s whistleblower program, if a whistle-blower’s information leads to an… Read More

SEC Suspends Trading of Nevada Gold Corp

Securities Lawyer 101 Blog On November 27, 2013, the Securities and Exchange Commission (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… Read More

SEC Charges Curt Kramer l Securities Lawyer 101

Securities Lawyer 101 Blog On November 25, 2013, the Securities and Exchange Commission (the “SEC”) charged Curt Kramer with violating the federal securities laws when they purchased billions of shares in a pair of microcap companies and failed… Read More

Shell Traffickers Guilty in $137 Million Corporate Hijacking Scheme

Lawrence Hartman, a Florida securities lawyer, plead guilty to a charge of conspiracy to commit mail and wire fraud for his role in a Corporate Hijacking and shell trafficking fraud scheme that swindled victims out of more than… Read More

SEC Issues Compliance and Disclosure Interpretation of Rule 506(c)

Securities Lawyer 101 Blog On November 13, 2013, the Securities and Exchange Commission (the “SEC”) Division of Corporation Finance issued several useful Compliance and Disclosure Interpretations related to Rule 506(c) of the JOBS Act. The Rule 506(c) Compliance… Read More

House Committee Passes Law Reducing Business-Broker Regulation

Securities Lawyer 101 Blog On November 14, 2013, the Financial Services Committee of the U.S. House of Representatives voted unanimously to report HR 2274, as amended, to the full House with a favorable recommendation. HR 2274 is known… Read More

Foreign Issuers Embrace U.S. IPO Markets

Securities Lawyer 101 Blog As the number of U.S. companies launching initial public offerings (“IPOs”) by filing registration statements increased throughout 2013, foreign issuers joined in.  While their numbers are still relatively small compared to their U.S. counterparts,… Read More

SEC Announces First Deferred Prosecution Agreement

Securities Lawyer 101 Blog On November 12, 2013, the Securities and Exchange Commission (the “SEC”) announced a deferred prosecution agreement with Scott Herckisa, a former hedge fund administrator at Hellelwhite Fund LP, who assisted the SEC in an… Read More

The SEC Analyzes Rule 506 l Going Public Attorneys

Securities Lawyer 101 Blog In its recently proposed Regulation Crowdfunding (“Reg CF”), the Securities and Exchange Commission (“SEC”) produced some interesting statistics on the types of unregistered offerings that have been popular with smaller issuers and private companies… Read More

What Are The Financial Statement Requirements of Form S-1?

Securities Lawyer 101 Blog The financial statements requirements of a Form S-1 registration statement depend upon the company’s size and revenues. If  the company is not a smaller reporting company as defined by Rules 3-01 and 3-02 of… Read More