LexisNexis® Legal Newsroom
Arina Shulga
General Solicitation Restrictions for Private Placement Issuers

On August 6, 2015, the Securities and Exchange Commission (the "SEC") issued a number of Compliance and Disclosure Interpretations (" CDIs ") related to the issue of “general solicitation” (or “general advertising”...

Jordan D. Maglich
North Carolina Bank Sued by Victims of $40 Million “Black Diamond” Ponzi Scheme

Four years after settling allegations by the U.S. Department of Justice that it turned “a blind eye to criminal conduct occurring under its nose,” a North Carolina bank is facing a lawsuit from victims of a $40 million Ponzi scheme who claim...

David N. Feldman
FINRA Issues Regulation A+ Filing Guidance

As we still await the first completed Tier II Regulation A public offering, and rumors are swirling that several are getting close, the Financial Industry Regulatory Authority (FINRA), which regulates broker-dealers, has confirmed what most already know...

Jordan D. Maglich
Hollywood Filmmaker Charged With $21 Million Ponzi Scheme

A California man and woman were arrested by authorities on charges that they masterminded a $21 million Ponzi scheme that pitched large returns in exchange for financing movie productions. Michelle Kenen Seward, 42, and Dror Soref, 75, were arrested by...

Mathew Daus & Mona Shah
EB-5 Funding & Transportation Projects – A Perfect Fit for Jobs, Accessibility and the Environment

Congress created the EB-5 Program in 1990 to benefit the U.S. economy by attracting investments from qualified foreign investors. Under the Program, each investor must prove that at least ten new jobs were created or saved as a result of the EB-5 investment...

David N. Feldman
Yes Virginia, You Can Build Market Support on OTC Markets

We all know about the famous letter from one Virginia O’Hanlon in 1897 to the New York Sun newspaper asking if there really is a Santa Claus. Her father encouraged her and told her, if it’s in the Sun it must be so. The paper wrote an editorial...