Business
SEC Suspends Hi Score and Olie After Janice Shell Research
On February 7, 2014. The SEC temporarily suspended trading in OLIE and Hi Score due to a lack of current and accurate information about the companies. It is not yet…
Business
The SEC Issues Statement on the Registration Statement Process
On July 31, 2013, The Securities and Exchange Commission announced the issuance of Commissioner Elisse B. Walter’s statement, ”The Commission’s Registration Process: How to Better Administer an Ounce of Prevention”.…
Business
Confidential Submission of Draft SEC Registration Statements
The Jumpstart Our Business Startups Act (the “JOBS Act”) allows an “emerging growth company” to submit a draft of its registration statement and exhibits to the Securities and Exchange Commission…
Business
The Distinction Between Rule 506 And Crowdfunding
The JOBS Act’s new rules permitting general solicitation and advertising in Rule 506 will become effective on September 23, and there is still some confusion about the difference between crowdfunding…
Business
Due Diligence in the SEC Registration Statement Process
Private companies in going public transactions seeking to have their securties quoted on the OTCMarkets OTCQB must first become reporting with the Securities and Exchange Commission (the “SEC”).…
Business
Accredited Investor Status Under Regulation D.
On July 10, 2013, the SEC adopted final rules as required by the JOBS Act, which directed the SEC to eliminate the ban on general solicitation and advertising for certain…
Business
Hiring Investor Relations Firms In Rule 506 Offerings
Private placement offerings under Rule 506 of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”) are a cost effective and relatively quick way for private…
Business
The Laws That Apply To Finders
Companies seeking capital are frequently approached by finders who offer to locate investors in exchange for a fee.…
Business
General Solicitation And Advertising Under Rule 506.
As of two days ago, the Securities and Exchange Commission (“SEC”) rules implementing some provisions of the JOBS Act have become effective.…
Business
The SEC Blacklists Bad Actors ln Rule 506 Offerings
On July 10, 2013, the SEC approved a rule banning the use of the Rule 506 exemption from securities registration if the issuer and bad actors had a disqualifying event.…