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.…
Business
IPO Filing And Prospectus Delivery Requirements
Under the Securities Act of 1933 as amended (the “Securites Act”), a Company that conducts an initial public offering (“IPO”) including in a going public transaction must adequately disclose material…
Business
Investor Relations And New General Solicitation Rules
Investor relations also known as stock promotion involves the publication of information about a public company to increase its stock price and trading volume.…
Business
Court Says Aged Debt Cannot Be Used To Issue Free Trading Shares
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.…
Business
The SEC Reverse Merger Task Force
A few weeks ago, the SEC issued its Enforcement Initiatives to Combat Financial Reporting and Microcap Fraud and Enhance Risk Analysis.…
Business
170 Companies Conduct Rule 506 Offerings
Since Rule 506(c) of Regulation D became effective, more than 170 issuers used the rule to conduct their offerings.…
News
IPO’s and Going Public Transactions Increase in 2013
As the number of U.S. companies launching initial public offerings (“IPOs”) by filing registration statements increased throughout 2013, foreign issuers joined in.…
Business
Seed Shareholders In Going Public Transactions
The going public process involves a number of steps that vary depending on the characteristics of the private company wishing to go public, and whether it will become an SEC…
Business
Crowdfunding in Going Public Transactions
Recently the SEC published its new rules for equity crowdfunding offerings, called “Regulation Crowdfunding,” or “Reg CF” for short. The rules have yet to be finalized, and the Commission is…
Business
Sponsoring Market Makers in Going Public Transactions
One step in going public transactions is obtaining a stock trading or ticker symbol from FINRA. For a company to obtain a ticker, a sponsoring market maker must submit an…