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Category Archives: Securities Associations

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You Gotta Be A Big Boy To Play In The Private Investment Transaction Game

Posted in Capital Formation, Corporate Financing, Private Placements, SEC Enforcement, Securities Associations, Securities Litigation

“Big Boy Letters” are usually used to identify that the buyer in a transaction has made its own independent assessment of certain risks involved and that certain information has not been disclosed to the buyer by the seller.  In particular, this means that a party is not relying upon certain representations or the lack of representations. The… Continue Reading

What Are the Problems with Ticks and Minimum Spreads?

Posted in Capital Formation, Securities Associations, Securities Exchanges

A senior Congressman has indicated that he wants to see a wide-ranging pilot program to examine different minimum spreads for different stocks.  He believes that such a program would allow the SEC to determine if tick sizes in equity markets are appropriate. Tick sizes are increments whereby a stock price may move, and, currently, that size is $0.01. … Continue Reading

Are Exchanges In The SEC’s Crosshairs?

Posted in SEC Enforcement, Securities Associations, Securities Exchanges

Statements by certain United States Senators have indicated that they hope the SEC is cracking down on and scrutinizing the activities of the national securities exchanges and associations. Such statements were made after the SEC’s fine of $5 million fine against NYSE. The SEC had previously announced that the NYSE agreed to pay $5 million to settle claims over its alleged… Continue Reading