In a recent SEC Press Release, the Securities and Exchange Commission (the “SEC”) announced it obtained emergency relief, including asset freezes, against the defendants: StraightPath Venture Partners LLC (the “SP Fund Manager”), StraightPath Management LLC, and others. The defendants reportedly oversold pre-IPO securities, disguised fees as high markups, and commingled accounts. From November 2017 to…
Reg A is a mini-initial public offering (“IPO”) because the requirements are more flexible than traditional IPOs since it requires less time and resources. Thus, Reg A can be a budget-friendly option for small to mid-sized companies trying to raise capital when selling securities.
Accredited investors must meet specific criteria outlined by the U.S. Securities and Exchange Commission
There have been recent rules adopted by the Securities and Exchange Commission. Â The Bradshaw Law Group focuses on federal securities laws, such as private placement offerings, initial public offerings and other securities offerings. Â We represent clients from across the United States. Â While the Bradshaw Law Group has been in business, the securities and exchange commission…
Guest Lecture of Commissioner J. Christopher Giancarlo, Harvard Law School, Fidelity Guest Lecture Series on International Finance Speeches & Testimony – CFTC December 1, 2015 Given in Dedication to the late Dr. H.R. Giancarlo, M.D. – 1932 – 2015, who dared to go so much farther than his birth or circumstances warranted so that his…
For any number of reasons, a reporting company (as determined by Sections 13 or 15(d) of the Exchange Act of 1934[1]) may not file the required quarterly (10-Q) and annual (10-K) periodic reports. By not staying current on its filings, a company becomes delinquent and therefore, can be severely sanctioned by both the exchange on…
North Carolina’s Patrick McHenry is at it again folks.  For those of you who don’t know, McHenry’s bill the “Entrepreneur Access to Capital Act” was the pioneer of the JOBS Act and largely integrated into the JOBS Act.  Hats off to Representative McHenry. On March 23, 2016, Representative McHenry introduced H.R. 4855 dubbed the “Fix Crowdfunding…
As we know, it is illegal under the federal securities regime to make material misstatements in connection with a securities transaction (see Rule 10b-5Â “It shall be unlawful for any person…[t]o make any untrue statement of material fact…in connection with the purchase or sale of any security.”). Therefore, based on Rule 10b-5, you must disclose all…
Directors Forum 2016 Keynote Address Andrew Ceresney, Director, Division of Enforcement San Diego, California Jan. 25, 2016 Introduction Good evening and thank you for that very kind introduction.  It’s a pleasure to speak with you all today.  Before I start, I must give our standard disclaimer that the views I express today are my own…
Going Public There are many benefits, and some downsides, to taking a company public. Going public can be a great way to raise capital[1], monetize the investments of early investors[2], and achieve a higher profile in the market[3]. There are many benefits, and some downsides, to taking a company public. Going public can be a…
