Public Offering - Securities l Corporate l Business Law

SEC Charges Steve Chen With Fraud and Imposes Asset Freeze

On September 22, 2015, the Securities and Exchange Commission (SEC) filed, under seal, fraud charges and, on September 28, obtained asset freezes against the operator of a worldwide pyramid scheme that falsely promised investors would profit from a… Read More

FINRA Sanctions Short Seller – Securities & Going Public Attorneys

Short sale conspiracy theorists will be pleased to learn that on March 25, 2015, The Financial Industry Regulatory Authority (FINRA) announced sanctions of $916,000 against Short Seller, First New York Securities L.L.C. for short selling ahead 14 public… Read More

SEC Charges Dr. Loretta Itri with Insider Trading of Genta

Brenda Hamilton, Securities Attorney On April 21, 2014, the Securities and Exchange Commission (the “SEC”) charged a former biopharmaceutical company executive and two others with insider trading on confidential information about the company’s key developmental drug.  The company’s… Read More

Contemporaneous Private & Public Offerings l Going Public Lawyers

Securities Lawyer 101 Blog Issuers often require capital during the going public process for their operations until their registration statement on Form S-1 is declared effective.  The SEC’s integration doctrine addresses the circumstances under which an issuer can raise capital privately… Read More

New Proposals To Amend FINRA Rule 5110

Securities Lawyer 101 Blog On January 9, 2014, FINRA submitted proposals to the SEC to amend FINRA Rule 5110. FINRA’s proposals seek to: (i) narrow the definition of “participation or participating in a public offering;” (ii) modify the… Read More

How Regulation M Impacts Securities Offerings – Going Public Lawyers

Securities Lawyer 101 Blog Recently, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) issued guidance concerning Rule 105 (“Rule 105”) of Regulation M of the Securities Exchange Act of 1934, as amended. Rule 105 prohibits the purchase… Read More