LexisNexis® Legal Newsroom
Jordan D. Maglich
Three Charged With $54 Million "Green Energy" Ponzi Scheme

Nearly six years after the Securities and Exchange Commission brought civil fraud charges, federal authorities filed criminal charges against three people for operating a $54 million Ponzi scheme touting "green energy" and "carbon-negative"...

Alexander Davie
Why You Can’t Really Include Non-Accredited Investors in Rule 506 Offerings

One common misconception I encounter among startups is the idea that companies raising capital can include non-accredited investors in Rule 506[1] offerings. While it is technically true that a Rule 506 offering may include up to 35 non-accredited investors...

Jordan D. Maglich
Bar Owner Liable For Promoting $18 Million Ponzi Scheme

A Texas federal judge has ruled that a California bar owner who solicited investors for a suspected $18 million oil and gas Ponzi scheme is liable for nearly $400,000 in civil penalties, interest, and disgorgement stemming from the lucrative commissions...

Omar Hakim
FINRA Rule Regarding Payments to Foreign Agents

Earlier this week, FINRA Rule 2040 (the “Rule”) went into effect. The Rule requires all FINRA members to disclose to investors all fees and commissions paid to foreign agents and to receive written acknowledgement by investors that they are...

Andrew Ledbetter
SEC Guidance on “Catching Up” Delinquent Filers

Every so often a public company finds itself unable to file periodic reports for a protracted time. For example, a company may upgrade auditors and the new firm may advise of the need to re-audit prior years, which can take significant time. Until there...

Sands Anderson PC
New Era in Private Capital Raising – Opening Up General Solicitation and General Advertising

by David Carroll The next few years may be the largest watershed event in opening up private equity capital since the 1980s when Regulation D was first published by the Securities and Exchange Commission (“SEC”). By allowing general solicitation...