Penny Stock Rules

…LawCast- Legal & Compliance, LLC- Depositing Penny Stocks with Broker Dealers Gets Tougher in Wake of E*TRADE Penalty Introduction On October 9, 2014, the Securities and Exchange Commission…

Going Public

…& Compliance, LLC- Using Social Media for Corporate Announcements Background Previously, on April 2, 2013, in response to a Facebook post made by Reed Hastings, CEO of Netflix, the Securities…

Direct Public Offerings

…LawCast- Legal & Compliance, LLC- The DPO Process Including Form S-1 Registration Statement Requirements One of the methods of going public is directly through a public offering. In…

OTC Markets Compliance

…informational releases related to the change concentrate on the push to create a successful venture-stage marketplace by removing underperforming companies. Background The www.otcmarkets.com divides issuers into three (3) levels: OTCQX,…

OTC Market Compliance

…is subject to review and comment by OTC Markets. OTC Markets may require additional conditions or undertakings prior to admission. Moreover, the application may be denied if, in the opinion…

Reverse Mergers

…look like; are there hidden liabilities; any off-balance sheet arrangements; how are assets valued; are any assets either over- or undervalued; is there clear title to all assets; Technology Risks:…

OTC Markets Listing Requirements

…LawCast- OTC Markets Listing Requirements- OTC Markets divide issuers into three (3) levels of quotation marketplaces: OTCQX, OTCQB and OTC Pink. The OTC Pink, which involves the highest-risk, highly…

E*TRADE and Broker Dealers

…LawCast- E*TRADE and Broker Dealers- On October 9, 2014, the Securities and Exchange Commission (“SEC”) filed an enforcement action against E*Trade Securities and E*Trade Capital Markets for selling billions…

Rule 144

…LawCast- The Securities Act of 1933 (“Securities Act”) Rule 144 sets forth certain requirements for the use of Section 4(1) for the resale of securities. Section 4(1) of the…