FINRA Addresses Financial Fraud

Securities Lawyer 101 Blog In September 2013, the Financial Industry Regulatory Authority (“FINRA”), with the help of the National Center for Victims of Crime, compiled and circulated “An Advocate’s Guide to Assisting Victims of Financial Fraud.”  The lengthy… Read More

DTCC Identifies Cyber-Attacks as Most Significant Risk to Financial Markets

Securities Lawyer 101 Blog On August 7, Depository Trust & Clearing Corporation (DTCC) released a report identifying threats to the stability of the financial markets.  DTCC considers cyber-attacks that can bypass U.S. and E.U. industry security systems and laws to be the most significant… Read More

Penny Stock Fugitive Gregory Curry Arrested in Prachin Buri

Securities Lawyer 101 Blog On August 19, 2013, the Federal Bureau of Investigation circulated a new Wanted by the FBI poster to announce that Sandy Winick, indicted the week before on multiple counts of stock manipulation, wire fraud,… Read More

Penny Stock Fugitive Sandy Winick Arrested in Bangkok

Securities Lawyer 101 Blog On August 19, 2013, the Federal Bureau of Investigation circulated a new Wanted by the FBI poster to announce that Sandy Winick, indicted the week before on multiple counts of stock manipulation, wire fraud, and… Read More

Additional Charges and Convictions in Kickback Schemes

Securities Lawyer 101 Blog On August 13, 2013, John Jordan, former chief executive of Vida Life International Ltd., a public company that trades on the OTCMarkets OTCQB as VILF, was sentenced to 30 months in federal prison for… Read More

Robert Zickefoose Indicted in Colorado Oil and Gas Fraud

Securities Lawyer 101 Blog On July 15, 2013, Colorado Attorney General John Suthers announced that a grand jury had indicted Robert Zickefoose on seven counts of securities fraud.  Zickefoose is the owner and president of Zickefoose Reserves, LLC,… Read More

FINRA Fines Oppenheimer $1.4 Million for Sale of Unregistered Penny Stocks

Securities Lawyer 101 Blog On August 5, 2013, the Financial Industry Regulatory Authority (“FINRA”) announced that it had fined Oppenheimer and Co., Inc. $1,425,000 for allowing the sale of unregistered stock of penny companies, and for its failure to… Read More

FINRA Investigates Trading Algorithms

The Financial Industry Regulatory Authority (“FINRA”) is investigating Trading Algorithms and whether trading firms that engage in high frequency trading have proper controls in place to ensure their trading algorithms do not malfunction and cause harm to public markets. The regulator… Read More

OTC Markets OTC Pink Sheets Uplisting – Going Public

Securities Lawyer 101 Blog The OTC Markets Group operates an electronic inter-dealer quotation system called OTC Link that broker-dealers use to trade securities not listed on a national securities-related exchange.  OTC Markets rank issuers in tiers; each issuer’s… Read More

Can I Accept Money From Finders?

Companies seeking capital are frequently approached by finders who offer to find investors in exchange for a percentage of funds raised. Most finders are not registered as broker-dealers with the Securities and Exchange Commission (the “SEC”). The possibility of… 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

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

Rules of the Road l Uplisting to the OTCMarkets OTC Pink Sheets

Securities Lawyer 101 Blog The OTCMarkets Group operates an electronic inter-dealer quotation system called OTC Link that broker-dealers use to trade securities not listed on a national securities-related exchange.  OTCMarkets rank issuers in tiers; each issuer’s rank depends… Read More

OTC Markets OTC Pink Tiers

Securities Lawyer 101 Blog The OTC Markets Group operates an electronic inter-dealer quotation system called OTC Link that broker-dealers use to trade securities not listed on a national securities-related exchange. OTC Markets has three OTC Pink tiers. Each issuer’s… Read More

OTC Markets Eliminate Quarterly Legal Opinions For OTC Pink Sheets

Securities Lawyer 101 Blog On January 3, 2013, OTC Markets revised its disclosure requirements for issuers quoted on OTC Markets’ “OTC Pink Current Information” tier. As set forth in our January 4, 2013 blog post, these revisions reduced the… Read More

FINRA Rule 6490 – Going Public Attorneys

Significant changes to FINRA Rule 6490 were enacted in September 2010.  Though FINRA’s principal mandate is to regulate broker-dealers, historically it has always exercised some oversight of the over-the-counter markets.  Part of that oversight involves processing corporate action… Read More

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Going Public & Securities Law

For more than 20 years, the lawyers at Hamilton and Associates Law Group have represented clients in going public, corporate finance and securities law matters.   Additionally, our securities lawyers have assisted issuers who go public direct in all… Read More

How FINRA Rule 6490 Impacts Reverse Mergers

  FINRA Rule 6490, recently enacted in September 2010, requires issuers of securities not listed on exchanges to provide timely notice to FINRA of certain corporate actions including reverse mergers.  Rule 6490 corporate actions include name changes, forward… Read More