June 2014 Archives - Going Public Lawyers

Securities Lawyers Gone Wild – Marcus Luna

On June 27, 2014, the U.S. District Court of Nevada issued an order imposing sanctions against a securities attorney, Marcus Luna, three other individuals – Nathan Montgomery, Adam Daskivich, and David Murtha – and their businesses for their… Read More

SEC Charges 3 Regions Bank Executives

Securities Lawyer 101 Blog On June 25, 2014, the Securities and Exchange Commission (the “SEC”) announced fraud charges against three former senior managers of Regions Bank for intentionally misclassifying loans that should have been recorded as impaired for… Read More

Being Publicly Traded By: The Going Public Lawyers

Securities Lawyer 101 Blog After an issuer completes its going public transaction, an issuer that has filed a registration statement for an initial or direct public offering under the Securities Act of 1933, as amended (the “Securities Act”)… Read More

Regulation S-K Item 507 – Going Public Attorneys

Issuers filing registration statements on Form S-1 must provide the  Information required by Item 507 of Regulation S-K. Selling security holder disclosures are required in registration statements that register shares on behalf of existing stockholders. This type of… Read More

What is Plain English? Going Public Lawyers

Regulation C contains the Plain English requirements for SEC filings. For investors to make informed decisions, disclosure documents must impart complex information. Using plain English assures the orderly and clear presentation of complex information so that investors have the… Read More

FINRA Bars Success Trade Securities By: Brenda Hamilton Attorney

Securities Lawyer 101 Blog This month Success Trade Securities was ordered to pay $13.7 million in restitution and expelled by a Financial Industry Regulatory Authority (“FINRA”) hearing panel. Success Trade Securities allegedly  ran a Ponzi scheme targeting professional… Read More

Transparency Bootcamp – Custodianship Disclosures In Reverse Mergers

Securities Lawyer 101 Blog Recently custodianship and/or receivership proceedings involving publicly traded companies have been in the spotlight because of the increasing number of fraudsters seeking these appointments so that they can create their own personal inventory of… Read More

Transparency Bootcamp – BrokerCheck 101 By: Brenda Hamilton Attorney

Securities Lawyer 101 Blog Any investor seeking to find out information about a penny stock should begin by investigating management, brokers and the promoters involved with the issuer.  FINRA BrokerCheck provides a free online database about brokers and… Read More

SEC Extends DTC Proposal Period By: Brenda Hamilton

Securities Lawyer 101 Blog On December 5, 2013, The Depository Trust Company (“DTC”) submitted DTC proposals to change SR-DTC-2013-11 (“Proposed Rules”) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 19b-4 thereunder… Read More

New OTCQB Requirements, Listing & Quotation

Hamilton & Associates Law Group – Client Update The OTC Markets Group recently established new eligibility standards for the securities companies to quoted on the OTCQB® Venture Stage Marketplace.  OTCQB companies must comply with the new OTCQB eligibility… Read More