LexisNexis® Legal Newsroom
Five Year SEC Ban for Reverse Merger Attorney

As if the reverse merger world needs another black eye, a previously well known attorney in the space agreed on Tuesday to stop practicing law before the Securities and Exchange Commission for five years. This results from an alleged improper opinion letter facilitating an alleged illegal public offering...

SEC Files Partially Settled Manipulation Action

The Commission brought another action centered on reverse mergers involving Chinese issuers. This action differs from earlier cases, however, since it focuses on the promoters who are charged with manipulating the shares rather than the companies. SEC v. Kelley, (D. N.J. Filed May 5, 2014). The action...