Business
Benefits Of Foreign Issuer Status In Going Public Transactions
A private foreign company seeking to go public may be classified as a U.S. domestic issuer or a non-U.S., foreign private issuer under SEC rules.…
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
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
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
Anti Fraud Provisions Apply To Public Float Schemes
When companies go public through reverse merger transactions, insiders often employ various mechanisms to obtain not only control of the public shell but also of its free trading shares.…
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
DTCC Identifies Cyber Attacks As Most Significant Risk To Financial Markets
On August 7, Depository Trust & Clearing Corporation (DTCC) released a report identifying threats to the stability of the financial markets.…
Business
MJDS For Canadian Issuers In Going Public Transactions
The Multijurisdictional Disclosure System (“MJDS”) was adopted in July 1991 by the SEC and Canadian Securities Administrators to facilitate cross-border public offerings of securities between the U.S. and Canada.
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