What Is DTC Eligibility? Going Public Attorneys

Going Public LawyerDTC’s eligibility creates liquidity for companies after a going public transaction. DTC’s Issue Eligibility program allows newly issued securities as well as secondary offerings that meet DTC’s eligibility criteria to become eligible for the depository and book-entry services of The Depository Trust Company (DTC). DTC eligibility means that a security is freely tradable and fungible and is otherwise qualified to be... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/dtc-eligibility-going-public-attorneys-2/

Morgan Stanley Fined $2 Million for Short Sale & Short Interest Reporting

Going Public LawyerOn May 3, 2015, The Financial Industry Regulatory Authority (FINRA) announced it has fined Morgan Stanley & Co. $2 million for short sale and short interest reporting and rule violations that spanned a period of more than six years, and for failing to implement a supervisory system reasonably designed to detect and prevent such violations. Thomas Gira, Executive Vice President, FINRA... Read MoreGoing Public Lawyer
https://www.securitieslawyer101.com/2015/morgan-stanley-short-sale-short/

Morgan Stanley Fined $2 Million for Short Sale & Short Interest Reporting

On May 3, 2015, The Financial Industry Regulatory Authority (FINRA) announced it has fined Morgan Stanley & Co. LLC $2 million for short interest reporting and short sale rule violations that spanned a period of more than six years, and for fai...
https://www.securitieslawyer101.com/2015/morgan-stanley-short-sale-short-interest-violations/

SEC Halts Advance Fee Scam Targeting Home Building Industry

On May 15, 2015, the Securities and Exchange Commission (SEC) announced charges and an emergency asset freeze in an alleged advance fee scam involving bogus prime bank instruments. The SEC complaint was filed on  May 11, 2015, in the U.S. District...
https://www.securitieslawyer101.com/2015/advance-fee-scam/

What Disclosures Are Required in Form 10-K ?

Securities Lawyer 101 Blog Form 10-K is a comprehensive annual report filed by SEC reporting companies that details information about the issuer and its operations. Form 10-K is required pursuant to Section 13 or 15(d) of the Securities Exchange A...
https://www.securitieslawyer101.com/2013/form-10-k/

Steven Palladino Pleads Guilty to Criminal Contempt for Violating SEC Orders

On May 14, 2015, the Securities and Exchange Commission (SEC) announced that, Steven Palladino pled guilty to 25 counts of criminal contempt charged by the United States Attorney's Office for the District of Massachusetts based on his repeated violat...
https://www.securitieslawyer101.com/2015/steven-palladino-criminal-contempt-sec-orders/

Three SEC Stop Orders, One Mystery? Going Public Attorneys

On May 11, 2015, the Securities and Exchange Commission (“SEC”) instituted administrative proceedings against two penny stock companies, Visual Acumen, Inc., and First Xeris Corp. (FXER).  The purpose of the actions was to establish grounds fo...
https://www.securitieslawyer101.com/2015/sec-stop-orders-one-mystery/