Effective Communication with the SEC Staff during Wells Meetings Steven Piekin, Co-Director of the Division of Enforcement gave a speech in New York City on May 9, 2018 about techniques for a productive and effective communication with the SEC staff during Wells meetings. What is the Wells process? Wikipedia summarizes the Wells Notice as “a…

SEC Charges Hedge Fund Advisor for Inflating Fund Performance SEC Charges Hedge Fund Adviser with Deceiving Investors by Inflating Fund Performance Summary The SEC, in cooperation with the U.S Attorney’s Office and the FBI, investigated the allegedly secret deals and brought charges against a hedge fund advisor for inflating fund performance. A summary of the…

The Hellhound of Wall Street: How Ferdinand Pecora’s Investigation of the Great Crash Forever Changed American Finance by Michael Perino My rating: 5 of 5 stars One of the best Wall Street books ever written, this highly readable book reads like fiction, except it isn’t. This masterpiece documents the deeply ingrained period racism, the greed…

Since its enactment, issuers—from the smallest start-ups to the largest investments and hedge funds—have used Rule 506 under the Securities Act of 1933 in the sale of securities. The Rule, which is the most widely used exemption from the registration requirements of the Act, generally allows issuers to sell an unlimited amount of securities to…