SEC Says Ibrahaim Almagarby and Microcap Equity Group Are Unregistered Dealers
Securities Lawyer 101 We’ve previously written about Securities and Exchange Commission (“SEC”) enforcement actions pending against John Fierro and Justin Keener alleging unregistered dealer activity....
View ArticleHester Peirce Asks: Are SEC Penny Stock Bars Fair?
Securities Lawyer 101 On June 21, 2023, the SEC announced the resolution of four administrative proceedings that had been filed against unregistered broker-dealers and associates of unregistered...
View ArticleSEC Charges Wilson J. Rondini, III and two companies Rondini controls for...
Securities Lawyer 101 On September 18, 2023, the Securities and Exchange Commission (the “SEC“) announced charges against Florida resident Wilson J. Rondini, III and two companies Rondini controls,...
View ArticleSEC Charges Adam R. Long and his two companies, L2 Capital, LLC and Oasis...
Securities Lawyer 101 On September 28, 2023, the Securities and Exchange Commission (the “SEC“) filed charges against Adam R. Long of Dorado, Puerto Rico, and two companies Long owns and controls for...
View ArticleForm S-1 Registration Statements Going Public NASDAQ NYSE and OTC Markets
Securities Lawyer 101 What is a Form S-1 Registration Statement? A Form S-1 Registration Statement is the most commonly used registration statement form for the offer and sale of securities under the...
View ArticleLG Capital Funding Loses Motion to Dismiss
Securities Lawyer 101 On November 13, 2023, United States District Judge William F. Kuntz, II, of the United States District Court of the Eastern District of New York made his decision in LG Capital...
View ArticleRaymond Pirrello, Jr, Founder and Executive of Prior2IPO, Charged in...
Securities Lawyer 101 On December 6, 2023, a three-count indictment was unsealed in federal court in Brooklyn charging Raymond John Pirrello, Jr., also known as “Ray John,” with securities fraud...
View ArticleNew SEC Exemption from Registration for M&A Brokers
Securities Lawyer 101 M&A BROKERS EXEMPTION In December of 2022, President Biden signed the Consolidated Appropriations Act of 2023 into law. The new law includes a “policy rider” for certain...
View ArticleFinra Proposes Rule Change for Stricter Limits for Brokers Borrowing From...
Securities Lawyer 101 On Tuesday, January 2, 2024, the Financial Industry Regulatory Authority (“FINRA”) filed a proposed rule with the Securities and Exchange Commission (the “Commission”) seeking to...
View ArticleSEC Charges Aryeh Goldstein, Adar Bays, LLC, and Adar Alef, LLC for Failure...
Securities Lawyer 101 On January 23, 2024, the Securities and Exchange Commission (the “SEC”) announced the filing of an enforcement action against Aryeh Goldstein, a resident of Florida and New York,...
View ArticleSEC Obtains Final Judgment against Jeffrey Auerbach for Role in Bribery Scheme
Securities Lawyer 101 On February 5, 2024, the Securities and Exchange Commission (the “Commission”) obtained a final judgment against defendant Jeffrey Auerbach, whom the SEC previously charged for...
View ArticleIbrahim Almagarby Loses Unregistered Dealer Appeal
Securities Lawyer 101 On February 14, 2024, the United States Court of Appeals for the Southern District of Florida made its ruling in the case of the Securities and Exchange Commission versus Ibrahim...
View ArticleToxic Funders: Unregistered Dealers, Short Sellers, or Both?
Securities Lawyer 101 We’ve often written about “toxic” promissory notes or preferred stock and the unregistered dealers who purchase them. These dealers are not the broker-dealers ordinary retail...
View ArticleForm S-1 Registration Statement Attorneys – Going Public Lawyers
Securities Lawyer 101 Private companies going public should consider Form S-1 filing requirements when contemplating their securities offering. Private companies seeking to raise capital often file a...
View ArticleOTC Markets 101 – The Basics of Listing – OTCQB
Securities Lawyer 101 OTC Markets Group (“OTC Markets”) requires companies seeking quotation of their securities on the OTCQB® Venture Stage Marketplace (“OTCQB”) to have an initial and ongoing $0.01...
View ArticleSEC Obtains Final Judgment Against Kevin Dills – Joseph Padilla Sentenced in...
Securities Lawyer 101 On March 19, 2024, the U.S. District Court for the District of Massachusetts entered final judgments against California resident Kevin C. Dills and two entities that Dills...
View ArticleInvestor Relations 101 – The Securities Laws & Stock Promotion
Securities Lawyer 101 What Is Investor Relations? Investor relations or stock promotion involves disseminating information about a public company to increase its stock price and/or trading volume. The...
View ArticleFORM S-1 REGISTRATION STATEMENTS – WHAT COMPANIES NEED TO KNOW ABOUT FORM S-1...
Securities Lawyer 101 Form S-1 Benefits & Going Public When a company sells shares, the shares must be covered by an effective registration statement or exempt from the Securities & Exchange...
View ArticleSEC Charges Convertible Note Dealer Tri-Bridge Ventures, LLC and John Francis...
Securities Lawyer 101 On April 29, 2024, the Securities and Exchange Commission (the “SEC“) charged John Francis Forsythe, III (“Forsythe”), a resident of New Jersey, and Tri-Bridge Ventures, LLC...
View ArticleSEC Obtains $5.9 Million Judgment Against John Fierro in Unregistered Penny...
Securities Lawyer 101 On May 21, 2024, Judge Georgette Castner of the United States District Court for the District of New Jersey entered a final judgment against John D. Fierro and JDF Capital, Inc....
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