Reverse Stock Split - Securities & Going Public Lawyers

Why Stay Private? The Assault On Small Business

For many, the American Dream is about having the opportunity to create and own a business. Small businesses, often described as the backbone of our economy, employ one out of two workers in the United States. Once established,… Read More

What is a Reverse Stock Split? Securities Lawyer 101

Securities Lawyer 101 Blog Reverse stock splits are often used by public companies to reduce the amount of securities outstanding.  Reverse splits are also be used by private companies in corporate restructurings.  Typically in a reverse split, a… Read More

FINRA Blacklists Curt Kramer, Mazuma and Asher Enterprises

ECOS attached FINRA’s letter to Michael Siegel, president and chief executive officer of Ecolocap, as Exhibit 99.1 to the filing.  The letter informed Siegel of its decision.  FINRA acted pursuant to the provisions of Rule 6490, which allows… Read More

FINRA Uses Rule 6490 To Stop Wash, Rinse, Repeat Issuers

Securities Law Blog In late 2009, the Financial Industry Regulatory Authority (“FINRA”) proposed changes to its Rule 6490.  Until that time, the Rule had provided merely that the agency review and process certain corporate actions taken by companies not listed… Read More

How Do Reverse Splits Affect My Shares? Going Public

Reverse stock splits are often used by public companies to reduce the amount of securities outstanding.  Reverse splits are also used by private companies in corporate restructurings.  Typically in a reverse split, a company reduces the number of… 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