Friday, September 18, 2015

U3 Halt of SWK Holdings Explained by FINRA, and Lifted Quickly

Going Public LawyerWe recently wrote about a bungled dividend distribution made by Calissio Resources Group, Inc. (CRGP) that resulted in the imposition of a U3 “extraordinary event” trading halt by the Financial Industry Regulatory Authority (“FINRA”).  The halt was lifted two weeks later.  FINRA offered no explanation for the action.  U3 halts are rare for domestic issuers, and usually have to do... Read MoreGoing Public Lawyer

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