In People v. Credit Suisse Securities (USA) LLC, No. 40, 2018 WL 2899299 (N.Y. June 12, 2018), the Court of Appeals for the State of New York ruled
On March 18, 2010, the President signed the "Hiring Incentives to Restore Employment Act" (HIRE).
Investors in equity and debt securities of Wachovia brought four related actions against Wachovia and several related entities and individuals, Wachovia's underwriters and its auditors alleging claims under Section 10(b) of the '34 Act, and Rule 10b-5 thereunder, and Sections 11, 12(a)(2), and 15 of the '33 Act..
The above case was a franchise case involving a Holiday Inn franchise.
Earlier this month, Financial Industry Regulatory Authority (FINRA) issued guidance in Notice to Members 09-05 (the Notice) to broker-dealers handling unregistered resales of restricted securities.
As amended by the Securities and Exchange Commission (the “SEC”) in its 2005 Securities Offering Reform rulemaking, Rule 415(a)(5) limits the offer and sale of certain securities registered on a shelf registration statement to a three-year period.