The SEC now permits public marketing of private placements, without burdensome investor wealth verification requirements, if the investment is big enough. On March 12, 2025, the U.S. Securities and Exchange Commission (SEC)...more
Sender Primary Liability for Misstatements in PPMs and Prospectuses: Lorenzo v. SEC (No. 17-1077 -- U.S. – 2019).
On March 27th, the Supreme Court issued a 1934 Act Rule 10b-5 opinion that will have implications for...more
4/5/2019
/ Corporate Officers ,
Custody Rule ,
Digital Assets ,
Directors ,
Enforcement Actions ,
Intent to Defraud ,
Investment Funds ,
Janus Capital Group Inc v First Derivative Traders ,
Lorenzo v SEC ,
No-Action Relief ,
Personal Liability ,
Proposed Rules ,
Puerto Rico ,
Retirement Plan ,
Rule 10b-5 ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Fraud
March 29th is Brexit Day unless extended. While extension is what the UK Parliament has voted for, the EU approval process and the length of the extension (If any) remains to be seen. Faced with this uncertainty as to when...more
Non-Enforcement -
The EB-5 Immigrant Investor Program has Provided a Breeding Ground for Securities Fraud -
Back in 1990, Congress created the United States Citizenship and Immigration Services (USCIS) EB-5...more
3/3/2016
/ EB-5 ,
Enforcement Actions ,
Insider Trading ,
Investment Adviser ,
Investment Funds ,
Material Nonpublic Information ,
Mergers ,
Securities and Exchange Commission (SEC) ,
Securities Fraud ,
State Regulators ,
Target Company ,
Unregistered Brokers ,
Venture Capital