Legal Articles, Insurance
SEC Charges Minister, Thomas Lawler, With Securities Fraud
The Securities and Exchange Commission (the “SEC”) filed fraud charges and sought emergency relief, against Thomas Lawler, a resident of Snellville, Georgia and a self-proclaimed minister, and his company, Freedom Foundation USA LLC for fraudulently offering and selling fictitious securities.
Going Public Benefits for Foreign Companies
Foreign companies seeking to raise capital often turn to the U.S. capital markets. Foreign issuers can rely on exemption from registration or register a securities offering with the SEC.
Penny Stock Bars 101
The Securities & Exchange Commission has the authorization to bar an individual from certain conduct (“SEC Bar”) under the Securities Enforcement Remedies and Penny Stock Reform Act of 1990 (the “Remedies Act”). SEC Bars are injunctions that must be granted by a court.
Rule 144 Checklist l Securities Lawyer 101
The Securities Act of 1933, as amended (the “Securities Act”) requires the sale of a security to be registered under the Securities Act, unless the security or transaction qualifies for an exemption from registration.
The Emerging Growth Company & Confidential Submission of Draft Registration Statements
In order to qualify for many of the benefits created by Title I of the JOBS Act, an issuer must qualify as an Emerging Growth Company (“EGC”).
Kevin McKnight and Company He Promoted Charged With Fraud
On August 4, 2014, the Securities and Exchange Commission (“SEC”) announced an administrative proceeding against Kevin McKnight and his investor relations firm Undiscovered Equities for violations of Section 17(b) of the Securities Act of 1933, as amended (the "Securities Act").
Rule 147 l The Intrastate Exemption
Section 3(a)(11) of the Securities Act of 1933, as amended (the “Securities Act”), is generally known as the "intrastate offering exemption."
Investor Relations Providers Indicted For Growlife and Hemp, Inc. Pumps
Three investor relations providers have been indicted for manipulating the securities of several microcap companies, including two marijuana-related stocks, Growlife and Hemp, Inc.
Officer and Director Disclosure of Background Matters
The securities laws require that public companies provide disclosure about the backgrounds of its officers and describe certain material information that is “material to an evaluation of the ability or integrity of any director, person nominated to become a director or executive officer.
Can I Raise Money From Investors Who Are Not “Accredited Investors”? Introducing The Slo-PO Method
A question we frequently receive from entrepreneurs raising capital for the first time is whether can raise money from people who do not meet the U.S. Securities and Exchange Commission ("SEC") definition of an “accredited investors.”
