Securities Lawyer 101 l Brenda Hamilton

Securities Lawyer 101 l Brenda Hamilton

Saturday, March 25, 2017

SEC Adopts T+2 Trade Settlement Rule


On March 22, 2017, the Securities and Exchange Commission ("SEC") adopted the T+2  amendment which shortens the standard settlement cycle for most broker-dealer securities transactions.  Currently, the standard settlement cycle for these transac...
https://www.securitieslawyer101.com/?p=36411

Friday, March 24, 2017

SEC Charges Jerry Miller in Petrotech Oil Fraud


On March 13, 2017, the Securities and Exchange Commission charged Jerry Miller in connection with Petrotech Oil and Gas, Inc.. According to the SEC allegations, Miller is the principal of a Florida-based consulting firm to several microcap issuer...
https://www.securitieslawyer101.com/2017/sec-charges-jerry-miller-petrotech-oil-fraud/

Friday, March 17, 2017

What is the Transfer Agent Direct Registration System (DRS)?


The Depository Trust Company (“DTC”) offers a service to transfer agents known as the Direct Registration System (“DRS”).  DRS allows transfer agents to provide shareholders with the ability to hold their shares in book-entry form with th...
https://www.securitieslawyer101.com/?p=36381

Thursday, March 16, 2017

SEC Charges Lek Securities - Posted by Brenda Hamilton


On March 10, 2013, the Securities and Exchange Commission ("SEC") announced fraud charges against Lek Securities and Avalon FA, a Ukraine-based trading firm in connection with a layering scheme. According to the SEC, Avalon FA, Fayyer and Pustelni...
https://www.securitieslawyer101.com/2017/sec-charges-lek-securities-posted-brenda-hamilton/

Sunday, March 12, 2017

Alex Kon Challenges SEC Administrative Law Judges


The SEC's Use of Administrative Law Judges Afer Dodd Frank Following passage of the Dodd-Frank Act in 2010, the Securities and Exchange Commission (“SEC”) began making greater use of its in-house administrative judges to hear enforcement cases...
https://www.securitieslawyer101.com/2017/alex-kon-challenges-sec-administrative-law-judges/

Thursday, March 9, 2017

SEC Eases Access to Exhibits in SEC Filings


  On March 1, 2017 the Securities and Exchange Commission (the "SEC") approved amendments related to SEC filings. The new amendments make it easier for investors and other market participants to find a...
https://www.securitieslawyer101.com/?p=36361

Wednesday, March 8, 2017

Attorney Adam Tracy & the Nefarious World of Custodianship Shells


The Securities and Exchange Commission ("SEC") says it doesn't like over-the-counter shell companies, and would like to see them gone from the marketplace.  To that end, its Enforcement Division cooked up an initiative it called  "Operation Shell...
https://www.securitieslawyer101.com/2016/adam-tracy-attorney-custodianship-shell-companies/

Sunday, March 5, 2017

SEC Uses Satellite Imagery to Charge Desarrolladora Homex


Anyone who thinks that the Securities and Exchange Commission (the "SEC") is behind the times should check out the SEC's latest action against Mexico-based home building company Desarrolladora Homex S.A.B. de C.V.  The SEC used satellite imagery ...
https://www.securitieslawyer101.com/?p=36348

Saturday, March 4, 2017

New SEC Approves Ease Access to Exhibits in SEC Filings


On March 1, 2017, the SEC voted to adopt rule and form amendments that impact SEC Filings. The SEC's new rules make it easier to locate and access exhibits in registration statements such as Form S-1 and periodic reports such as Form 10-K and 1...
https://www.securitieslawyer101.com/2017/36353/

Wednesday, March 1, 2017

SEC Staff Issues Guidance Update and Investor Bulletin on Robo-Advisers


On February 23, 2017 the Securities and Exchange Commission (the "SEC") published information and guidance concerning robo-advisers for investors and the financial services industry on the fast-growing use of robo-advisers, which are ...
https://www.securitieslawyer101.com/2017/sec-staff-issues-guidance-update-investor-bulletin-robo-advisers/