Rule 144 - 3/4 - Securities & Forensic Lawyers

How Do I Resell Restricted Stock ? l Securities Lawyer 101

Securities Lawyer 101 Blog  It has become routine for public companies and private companies going public to mark their stock certificates with “Restrictive Legends”.   Generally, restrictive stock legends state that the securities represented by the stock certificate are not… Read More

Can I List On the OTC Pinks Using a Reverse Merger? Going Public Lawyers

Securities Lawyer 101 Blog One way for private companies to go public is through a Reverse Merger (“Reverse Merger”) with a public shell company.  Securities regulators tend to look askance at Reverse Mergers, fearing they may be used as vehicles… Read More

SEC Suspends Trading in Left Behind Games and Charges Founder Troy Lyndon

Securities Lawyer 101 Blog On September 25, 2013, the Securities and Exchange Commission (the “SEC”) brought three enforcement actions against penny stock company Left Behind Games (LFBG), its founder, Troy Lyndon, and a consultant, Ronald Zaucha. The three enforcement… Read More

Can Convertible Debt Be Used to Issue Free Trading Shares?

Securities Lawyer 101 Blog In the past few years, many OTC issuers have misused aged debt to issue unrestricted securities by obtaining a legal opinion from a corrupt or incompetent securities attorney. This improper use of aged debt to… Read More

SEC Prevents Corporate Hijackings By Suspending Zombie Tickers

Securities Lawyer 101 Blog On June 24, 2013, the Securities and Exchange Commission (“SEC”) instituted administrative proceedings to prevent corporate hijackings. The SEC revoked the registration of Green Solutions China, Inc., Yarraman Winery, Inc. (n/k/a Global Beverages, Inc.;… Read More

Rule 144 C & D l Ask Securities Lawyer 101

Securities Lawyer 101 Blog The SEC‘s Compliance and Disclosure Interpretations provide  its interpretations of the rules adopted under the Securities Act of 1933, as amended (the “Securities Act”).  A summary and excerpts of the portions relevant to restricted securities and Rule 144 as… Read More

OTC Pink Sheets l Going Public Attorney

Securities Lawyer 101 Blog Private companies seeking to go public are opting to list on the OTC Markets OTC Pink Current tier.  Companies seeking to public company status can list on the OTC Pink Current tier without filing… Read More

Ask Securities Lawyer 101 l Rule 144 Q & A

Securities Lawyer 101 Blog What is Section 5 of the Securities Act of 1933? Section 5 of the Securities Act states that all offers and sales of securities must be registered under the Securities Act or exempt from the… Read More

Resales of Restricted Stock l Securities Lawyer 101

It is routine for public companies and private companies seeking to go public to place restrictive legends (“Restrictive Legends” on the certificates representing their Restricted Stock not covered by a registration statement under the Securities Act of 1933, as amended (the… Read More

Rule 144 For OTC Pink Companies – Going Public Lawyers

Securities Lawyer 101 Blog The Securities Act of 1933, as amended (the “Securities Act”) requires the offer and sale of a security be subject to an effective registration statement under the Securities Act, unless the security or transaction… Read More