SEC Says Social Media OK
On April 2, 2013, the Securities and Exchange Commission issued a report clarifying its stance on the use of social media sites like Facebook and Twitter by public companies. The agency has decided...
View ArticleA New Crowdfunding Watchdog in Massachusetts
Consumer watchdogs and the Securities and Exchange Commission (“SEC”) as well are aware that certain provisions of the new Rule 506 created in connection with the JOBS Act could encourage fraud if not...
View ArticleDTCC Identifies Cyber-Attacks as Most Significant Risk to Financial Markets
Securities Lawyer 101 Blog On August 7, Depository Trust & Clearing Corporation (DTCC) released a report identifying threats to the stability of the financial markets. DTCC considers cyber-attacks...
View Article170 Issuers Use Rule 506(c) to Conduct Offerings
Securities Lawyer 101 Blog On October 30, 2013, Keith Higgins, the newly appointed Director of the Securities and Exchange Commission’s Division of Corporate Finance, provided some useful information...
View ArticleThe SEC Analyses Exempt Offerings
Securities Lawyer 101 Blog In its recently proposed Regulation Crowdfunding (“Reg CF”), the Securities and Exchange Commission (“SEC”) produced some interesting statistics on the types of unregistered...
View ArticleSEC Shuts Down 20 Bogus S-1 Filings After Promotion Stock Secrets Research...
Securities Lawyer 101 Blog On February 3, 2014, the Securities and Exchange Commission (the “SEC”) announced the filing of stop order proceedings against 20 purported mining companies for providing...
View ArticleInformation About Foreign Issuers and Foreign Companies
Going Public LawyerThe U.S. capital markets have long been a desired goal for foreign companies that are interested in raising funds or establishing a trading market for their securities. Two of the...
View ArticleCourt Issues Asset Freeze Over James Hugh Brennan and Douglas Albert Dyer in...
Going Public LawyerOn July 22, 2016, the Honorable Travis R. McDonough of the Eastern District of Tennessee entered a court-ordered asset freeze to halt an ongoing fraud by two former brokers with...
View ArticleSEC Obtains Emergency Order to Prevent Anthony Buzaneli from Leaving U.S.
Going Public LawyerOn August 26, 2016, Judge Susan Richard Nelson of the District of Minnesota issued an order requiring Anthony Buzaneli to surrender his passports and prohibiting him from leaving the...
View ArticleCannabis Company Infinex Ventures and CEO Ronald Salem Charged with Fraud
Going Public LawyerOn September 30, 2016, the Securities and Exchange Commission (“SEC”) filed fraud charges against cannabis company Infinex Ventures, Inc. and its CEO Ronald Salem. According to the...
View ArticleJudgment Entered in Safety Technologies Unregistered Securities Offering
Going Public Lawyer On April 4, 2017, a final judgment was entered against Safety Technologies LLC (“Safety Technologies”) and Thomas Connerton for defrauding investors by misleading them to invest in...
View ArticleSEC Charges Traders For Insider Trading – Posted by Brenda Hamilton
Going Public Lawyer On April 14, 2017, the Securities and Exchange Commission (“SEC”) announced an emergency court order to freeze assets for Insider Trading. According to the SEC, the assets were in...
View ArticleSEC Files for Stock Promotion Schemes Against 27 Individuals & Entities
Going Public Lawyer On April 10, 2017, the SEC announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression...
View ArticleSEC Case Against Lionshare Faud Enters Final Default Judgement
Going Public Lawyer On April 14, 2017, a federal court in Boston, Massachusetts, entered a final default judgment in an ongoing SEC enforcement action against Lionshare Ventures, LLC, a...
View ArticleSEC Acquires Asset Freeze Over 4D Circle
Going Public Lawyer On April 14, 2017, the Securities and Exchange Commission announced charges against two Fort Worth residents and their company, 4D Circle, for defrauding investors in a commercial...
View ArticleSEC Charges Lawyers Mustafa Sayid, Norman Reynolds and Paralegal Kevin Jasper...
Going Public Lawyer On April 12, 2017, the Securities and Exchange Commission (SEC) filed fraud charges against, Mustafa Sayid, a New York City-based securities lawyer for orchestrating taking control...
View ArticleSEC Charges Ryan Gilbertson for $30 Million Stock Manipulation Scheme
Going Public Lawyer On March 22, 2017, Ryan Gilbertson, a Minnesota man previously accused by the SEC of orchestrating an elaborate scheme to siphon millions of dollars from Dakota Plains Holdings,...
View ArticleSEC Obtains Injunction and Asset Freeze Against Daniel Glick
Going Public Lawyer On April 13, 2017, the Securities and Exchange Commission (SEC) announced a preliminary injunction against Daniel Glick and his unregistered investment advisory firm Financial...
View ArticleSEC Charges Michael Shumway with Securities Fraud
Going Public Lawyer On April 8, 2017, the Securities and Exchange Commission (SEC) announced securities fraud charges against Michael Shumway, a former corporate secretary and treasurer of two Utah...
View ArticleSEC Charges Lucita Zamoras with Operating a Fraudulent Promissory Note Scheme
Going Public Lawyer The SEC’s complaint, filed in federal court in the Northern District of Illinois, alleges that Lucita Zamoras solicited investors for a promissory note program and subsequently...
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