On June 11th, 2021, the Securities and Exchange Commission (“SEC”) announce[1] the charge against Radjabli for orchestrating three individual fraudulent schemes. The amount of money involved in each scheme increased as Radjabli went further. For example, in his third scheme, he took advantage of being a former practicing dentist and unlawfully raised approximately $20 million…
On June 7th, 2021, the Security and Exchange Committee (“SEC”) announced[1] a charge against Holly Hand, a former senior project manager at Neuralstem, a biopharmaceutical company currently known as Palisade Bio, Inc., and her intimate Chad A. Calice with violating the insider trading policy. Hand provides Calice with Neuralstem’s unpublic information, resulting in Calice avoiding…
On February 22nd, 2021, Lucid Motors announced[1] its proposed merger with Churchill Capital Corp IV (NYSE: CCIV), combing at a transaction equity value equals to $11.75 billion. Merger with CCIV would allow Lucid to raise capital like a public company, bolstering the development and marketing of Lucid’s first luxury electrical vehicle, Lucid Air. As Lucid…
On May 25th, 2021, Vimeo(VMEO) went public on Nasdaq as an independent entity at a price of $52.08 per share after completing the spun-off from former parent company InterActiveCorp (IAC). Anjali Sud described this as “dreams[1]” that “do come true,” and she has every right to be proud of what Vimeo has accomplished. The revenue[2]…
What are IPOs? What are IPOs – IPO stands for Initial Public Offering. This signifies a private corporation going through a stock distributing process to offer shares to the public. The shift from private to public is pivotal for many corporations and can reveal the value of the company to private investors. What has…
The Nasdaq Stock Market requires its listed companies to meet certain standards that help ensure investor confidence in the listed companies. These requirements are intended to promote transparency, company prosperity, shareholder value, access to the capital markets, and overall market stability. They are also intended to guard against conflicts of interest, reduce fraud among public…
Rethinking Securities Law Our country’s current concerns in securities law addressed through books can be very insightful to legal professors, scholars, and counsel. Marc I. Steinberg has provided an in-depth analysis of our legal system over time, but his latest book comes with a more equipped understanding that opens up discussion on legal reform. Marc…
Expanded Exemption from Registration with the SEC Are you a small company that operates under a plan to offer shares of your company’s stock, options, or other securities as payment to your employees, officers, directors, partners, trustees, consultants, and advisors? The Economic Growth, Regulatory Relief and Consumer Protection Act, Pub. L. 115-174, 132 Stat. 1296…
SEC Enforcement, is the price for SEC violations too high to be worthwhile? The Securities Act of 1933 and the Securities Exchange Act of 1934, with all of their amendments, give the Securities and Exchange Commission an arsenal of remedies, designed to teach violators the lesson that misuse of funds and deceptive accounting practices do…
The advancement of computer software has made data analytics a very powerful enforcement tool for the SEC. Being able to research and extract details from a massive amount of data, then sorting, comparing, and analyzing it provides the SEC with valuable details that were previously unavailable because of being buried in the masses of irrelevant…
