Category Archives: SEC Publications

SEC Suspends Trading in 255 “Shell” Companies

Today, the Securities and Exchange Commission (SEC) issued a Press Release announcing that as a result of its micro-cap fraud-fighting initiative they named “Operation Shell-Expel”, they suspended trading in 255 dormant shell companies in 26 states and 2 foreign countries, … Continue reading

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SEC “Likes” Social Media; Conditionally

On April 2, 2013, the SEC issued guidance regarding a company’s use of social media to disclose information or make announcements. The SEC investigated whether Netflix, Inc. and its CEO, Reed Hastings violated Securities laws when Hastings used his personal … Continue reading

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Submit your EGC Registration Statement Using EDGAR

Starting Monday October 1, 2012, Issuers wishing to submit their draft, confidential emerging growth companies’ (EGC) JOBS Act registration statement will use EDGAR.  This will replace the secure email submission system created earlier this year. The SEC is modifying the … Continue reading

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Are you Ready for Say-on-Pay?

On January 25, 2011, the SEC adopted rules to implement the say-on-pay and say-on golden parachute provisions of Section 951 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Smaller Reporting Companies were given a two-year exemption from the … Continue reading

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The Amish and the SEC- A Lesson in Cooperation

“You can tell when you’re on the right track. It’s usually uphill”~ Amish Quote on Faith On July 18, 2012, the SEC announced that it entered into a Deferred Prosecution Agreement with the Amish Helping Fund (AHF).  The AHF is … Continue reading

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SEC Updates Financial Reporting Manual

On July 11, 2012, the Securities and Exchange Commission Division of Corporation Finance updated its Financial Reporting Manual. The changes include the age of interim financial statements, use of proforma information in MD&A, age of financial statements required in Form … Continue reading

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