Originally the term “Penny stock” referred to common shares of small public companies that trade for less than one dollar per share. However, the SEC uses the term “Penny stock” to refer to security, issued by small public companies that trade at less than $5 per share. Penny stocks are […]
Search Results for ""
Stock
What Is a Stock? A stock is a security that represents the ownership of a fractional share of a corporation. This entitles the owner of the stock to a proportion of the corporation’s assets and profits equal to how much stock they own. Units of stock are called “shares.” In […]
Control Person
The securities laws use the term “control person” in a number of contexts and the meaning changes, depending on the context. Generally speaking, Control Person means an individual that directly or indirectly exercises control over another person. Any person that (A) is a director, general partner, or executive officer; (B) directly […]
SEC Charges Latvian Citizen With Digital Asset Fraud
The Securities and Exchange Commission today charged a Latvian citizen with defrauding hundreds of retail investors out of at least $7 million through two separate fraudulent digital asset securities offerings. According to the civil complaint, filed in U.S. District Court for the Eastern District of New York, Ivars Auzins defrauded […]
Tipping Inside Information Leads to Civil and Criminal Charges
When you are in possession of insider information, not only can you not trade on it, you cannot tell others about the information. If you do, and they trade on it, you can be liable for their trades. The CFO of Immunomedics is learning that lesson the hard way. According […]
SEC Adopts Amendments to Finalize Rules Relating to the Holding Foreign Companies Accountable Act
The Securities and Exchange Commission today adopted amendments to finalize rules implementing the submission and disclosure requirements in the Holding Foreign Companies Accountable Act (HFCAA). The rules apply to registrants the SEC identifies as… Read the Full Press Release Have a securities law question? Call New York Securities Lawyers at […]
SEC Staff Issues Accounting Guidance on “Spring-Loaded” Compensation Awards to Executives
The SEC staff released guidance for companies about how to properly recognize and disclose compensation cost for “spring-loaded awards” made to executives. Spring-loaded awards are share-based compensation arrangements where a company grants stock options or other awards shortly before it announces market-moving information such as an earnings release with better-than-expected […]
SEC Adopts New Rules for Universal Proxy Cards in Contested Director Elections
The Securities and Exchange Commission today voted to adopt final rules requiring parties in a contested election to use universal proxy cards that include all director nominees presented for election at a shareholder meeting. The rule changes will give…For More information on the United States Securities Law visit Securities Law […]
SEC Charges Oilfield Services Company and Former CEO With Failing to Disclose Executive Perks and Stock Pledges
The Securities and Exchange Commission today announced that Texas-based oilfield services company ProPetro Holding Corp. and its founder and former CEO Dale Redman have agreed to settle charges that they failed to properly disclose some of Redman’s… Read the Full Press Release Have a securities law question? Call Sallah Astarita […]
SEC Issues Whistleblower Awards Totaling Approximately $10.4 Million
The Securities and Exchange Commission today announced awards totaling approximately $10.4 million to several whistleblowers who provided information and assistance in three separate covered actions. In the first order, the SEC issued awards totaling approximately $7.5 million to two whistleblowers. Both whistleblowers provided new and significant information during an existing […]
