FINRA Sanctions 5 Firms for Failing to Reasonably Supervise Accounts
FINRA, before the New Year 2020, sanctioned five major financial firms who failing to reasonably supervise custodial accounts. These five firms were:…
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Insights on securities law, exchange listings, going public, SEC reporting, and market regulation. Stay updated with our latest articles on capital markets compliance, regulatory developments, and strategic guidance for public and private companies.
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Confidential Registration Statements Q & A – Going Public Lawyers
The confidential submission of a registration statement on Form S-1 allows a company to keep the registration statement confidential.
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Diane Dalmy and Michael Woodford Charged for False Legal Opinions
On March 13, 2019, the Securities and Exchange Commission (SEC) charged attorney Diane Dalmy with fraud for “for concealing from transfer agents…
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Guy Scott Griffithe & Robert Russell Charged by SEC in Cannabis Company Scheme
A California man, Guy Scott Griffithe, and a Washington state man, Robert William Russell, were charged on Tuesday, January 21, 2020, by…
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SEC Obtains Emergency Asset Freeze Against Kenneth Courtright and TGC
On Wednesday, January 15, 2020, the Chicago Sun Times reported "A federal judge has frozen the assets of Kenneth Courtright, an Illinois…
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How Does Offering Integration Impact Reg A Offerings?
Offering integration can become a problem for some issuers conducting Regulation A+ (also known as Reg A) offerings. The Reg A offering integration rules…
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Regulation D Rule 504 Securities Offering Requirements and Disclosures
Rule 504 of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”) allows an issuer to raise capital…
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SEC Charges Boaz Manor and Blockchain Terminal with Fraudulent ICO
The New York Post reported on Friday, January 17, 2020, “A convicted hedge-fund swindler assumed a fake name and donned a disguise…
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Regulation A Testing the Waters – Securities Lawyer 101
Once you publicly file your Form 1-A offering statement, the solicitation materials must be followed by a current preliminary offering circular or…
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OTC Markets Policies on Section 17(b) and Stock Promotion
The SEC and Section 17(b) Stock Promotion In the over-the-counter equities market, paid stock promotion has long been of concern to the…
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SEC Proposes Improvements to Governance of National Market System
The Securities and Exchange Commission (SEC) wants to improve the regulation surrounding market data plans. They are seeking public comment on a…
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Form S-1 Registration Statement Requirements – Going Public
Form S-1 registration statements is the most commonly used registration statement form. Form S-1 permits issuers to register various types of offerings and…
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SEC Proposes to Modernize Auditor Independence Rules
On December 30, 2019, just before the start of the new year, the Securities and Exchange Commission (SEC) “announced that it is…
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Dead Stock Walking | Dormant Issuers and Reverse Merger Risks
In recent years, the SEC has issued trading suspensions and revoked the registration of numerous publicly traded companies many of which…
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What is Form 10 Information? Going Public Attorneys
A Form 10 registration status can cure public shell company status and has been used by many companies after reverse mergers. Rule…
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Accredited Crowdfunding With Rule 506(c) – Going Public Attorneys
Private placement offerings under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended (“Securities Act”) are a cost-effective…
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Blue Sky Laws and Secondary Trading and Resales in Regulation A Offerings
There are two offering tiers, Tier 1 and Tier 2 in Regulation A+ and each is treated differently under both SEC and…
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SEC Charges Recidivist Keith Springer with Defrauding Retirees
On December 19, 2019, the Securities and Exchange Commission (SEC) charged Sacramento, California-based investment adviser firm Springer Investment Management, Inc. dba Springer…
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Is Regulation A the Same as Regulation A+ ? Securities and Crowdfunding Lawyers
1. Overview of the Regulation A+ Exemption On March 25, 2015, the Securities and Exchange Commission (the “SEC”) created Regulation A+ by…
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SEC Files Charges in Ponzi Scheme Targeting Hispanic Community
Edward Espinal, a 44-year-old from Wayne, New Jersey, and his company, Cash Flow Partners LLC, were charged by the Securities and Exchange…
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Is Form 10 Registration Different than Form S-1?
Form S-1 registration statements provide issuers with flexibility in going public transactions. A registration statement on Form S-1 can be used to…
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Raising Money For Your Business – Private Placement Memorandums
A Private Placement Memorandum is sometimes referred to as a confidential offering circular or an offering memorandum. A Private Placement Memorandum can be…
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The Securities Act of 1933 – Liability Provisions
The Securities Act of 1933, as amended (the “Securities Act”) is often referred to as the “truth in securities” law. The Securities…
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Going Public With Rule 506(b) – The Friends and Family Round
Seed Capital and the Friends and Family Round Many small companies seeking to raise funds for their business raise initial seed capital…
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SEC Awards Whistleblowers For Reporting Securities Fraud
On January 22, 2020, the Securities and Exchange Commission (“SEC”) announced two whistleblower awards in connection with two separate SEC enforcement actions.…
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MetLife Settles SEC Charges with $10 Million Payment
Due to longstanding internal control failures, MetLife has agreed to pay $10 million to settle the charge that was brought forward by…
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SEC Charges Broker-Dealers With Illicitly Profiting in Partial Tender Offer
Bluefin Trading LLC and Critical Trading LLC were charged by the Securities and Exchange Commission (SEC) on December 18, 2019, for violating…
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Form S-3 Registration Statement Eligibility and Requirements
Form S-3 is a short-form registration statement that consists primarily of information about the specific transaction. Form S-3 provides an opportunity not…
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Blockchain of Things Inc. (BCOT) Charged by SEC for Unregistered ICO
Blockchain technology company Blockchain of Things Inc. (BCOT) settled charges brought against them by the Securities and Exchange Commission (SEC) on December…
Read MoreSEC Proposes to Update Accredited Investor Definition to Increase Access
On December 18, 2019, the Securities and Exchange Commission made an announcement that could be a very big deal for many companies…
Read MoreBlogroll & Resources
Explore our curated collection of external resources and industry links that complement our blog content. These hand-picked links provide additional perspectives on securities law, market regulations, and business compliance.
FINRA
https://www.finra.org/JOBS Act 101
https://www.jobsact101.com/Go Public 101
https://www.gopublic101.com/OTC Markets
https://www.otcmarkets.com/Securities Lawyer 101 Blog
https://ppe.securitieslawyer101.com/blog/Securities & Exchange Commission
https://www.sec.gov/Securities Lawyer 101 Newsletter
https://ppe.securitieslawyer101.com/newsletters/Ask Securities Lawyer 101 Series
https://ppe.securitieslawyer101.com/ask-securitieslawyer101-series/Securities Law Presentations & Videos
https://ppe.securitieslawyer101.com/securities-law-video-series/