http://securities-law-blog.com SECURITIES, REVERSE MERGER & CORPORATE ATTORNEYS Thu, 17 May 2012 16:24:28 +0000 http://backend.userland.com/rss092 en On April 5, 2012 President Obama signed the JOBS Act into law. Part of the JOBS Act is the Crowdfunding Act, the full title of which is the “Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012”.  The SEC has been mandated with the task of drafting ... http://securities-law-blog.com/2012/05/16/crowdfunding-intermediaries-%e2%80%93-hurry-up-and-wait/ The Securities and Exchange Commission (SEC) today suspended the trading in 379 dormant shell companies.  This is the most trading suspensions in a single day in the history of the SEC.  The trading suspensions are part of an SEC initiative tabbed Operation Shell-Expel by the SEC's Microcap Fraud Working Group.  ... http://securities-law-blog.com/2012/05/14/sec-suspends-trading-for-record-number-of-shell-companies/ The SEC has approved the recent NASDAQ rule change to lower the minimum bid listing requirement from $4.00 to either $2.00 or $3.00 depending on qualification for certain other listing requirements.  The text of the entire new rule is available on the SEC website. Pursuant to the new rule, a security ... http://securities-law-blog.com/2012/05/10/nasdaq-lowers-price-per-share-initial-listing-requirement/ On April 5, 2012 President Obama signed the Jumpstart Our Business Startups Act (JOBS Act) into law.  The other day I blogged about the changes to the general solicitation and advertising rules brought about by the JOBS Act.  Today I am focusing on the impact those rule changes will have ... http://securities-law-blog.com/2012/05/08/the-jobs-act-impact-on-hedge-fund-marketing/ Title II of the JOBS Act provides that, within 90 days of the passage of the JOBS Act (i.e. July 5, 2012), the SEC will amend Section 4(2) of the Securities Act of 1933 and Regulation D promulgated there under, to eliminate the prohibition on general solicitation and general advertising ... http://securities-law-blog.com/2012/05/03/jobs-act-amendments-to-general-solicitation-and-advertising-of-private-offerings/ Anyone that reads the trade journals knows that at-the-market offerings, or ATM’s as they are now known, have recently gained in popularity and are expected to continue to do so.  An ATM is the offering of securities by an Issuer either directly or through an underwriter, which securities are offered ... http://securities-law-blog.com/2012/05/02/at-the-market-offerings/ On April 5, 2012 President Obama signed the JOBS Act into law. Part of the JOBS Act is the Crowdfunding Act, the full title of which is the “Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012”.  I think the acronym came first, but applaud the creativity. I ... http://securities-law-blog.com/2012/04/26/crowdfunding-intermediaries-hurry-up-and-wait/ On April 5, 2012 President Obama signed the JOBS Act into law. The SEC’s Rulemaking Duty Some of the rules went into effect immediately; others are in the drafting process.   Within 90 days of the signing of the Act (i.e. mid July), the SEC is required to issue enabling rules as ... http://securities-law-blog.com/2012/04/24/sec-grapples-with-crowdfunding-rulemaking/ On April 5, 2012 President Obama signed the JOBS Act into law.  Some of the rules went into effect immediately; others are busily in the drafting process.   The SEC has begun issuing guidance and it is expected will continue to do so often. On April 16, 2012, the SEC issued guidance ... http://securities-law-blog.com/2012/04/23/sec-issues-guidance-on-title-1-of-the-jobs-act/ On April 5, 2012 President Obama signed the JOBS Act into law. Some of the rules went into effect immediately, such as the ability of an Emerging Growth Company to file a registration statement and seek confidential treatment during the review process.  For this process the EGC would avail itself of ... http://securities-law-blog.com/2012/04/20/crowdfunding-timing-and-investor-protections/