Colonial Stock Transfer

SEC Adopts Amendments to Modernize Shareholder Proposal Rule

Thu, 08 Oct 2020 16:11:13 GMT

On September 23, 2020, the SEC adopted amendments to modernize its shareholder proposal rule, under the Exchange Act Rule 14a-8. The rule defines requirements for shareholder proposal inclusion in the proxy statement: The stake and tenure of the shareholder The subsequent resubmission procedure if the proposal is not approved From the recent amendments, it is

SEC Adopts Final Rule to Amend 15c2-11 and Listing Standards for OTC Non-Reporting and Shell ...

Tue, 22 Sep 2020 17:44:18 GMT

On Sept. 16, 2020, the SEC adopted amendments to Exchange Act Rule 15c2-11 directing broker-dealers not to publish security quotations in the absence of issuer’s current information, subject to certain exceptions. The amended rule enhances the efficiency of the OTC market and facilitates capital formation for issuers. Exchange Act Rule 15c2-11 is an essential component

Financing/IPO Transactions – August 2020

Fri, 18 Sep 2020 17:10:11 GMT

The financing and Initial Public Offering transactions for the month of August 2020 are posted below. These transactions were filed as S-1, F-1, and 1-A filings. To learn more about our IPO services, contact us. Date Form Type Company Name Underwriter Legal Counsel Price Shares Offering Amount 8/3/2020 F-1 Lion Group Holding Ltd N/A Ogier

Nasdaq Proposed Rule Changes To Its Discretionary Listing And Continued Listing Standards

Thu, 17 Sep 2020 16:57:51 GMT

On June 2, 2020, the Nasdaq Stock Market LLC filed a proposed rule change with the SEC to amend Rule IM-5101-1. The rule provides Nasdaq authority to deny or continue listing to a company but rules out certain factors. The proposed rule change will establish NASDAQ’s position related to quality audits’ importance by enhancing discretionary

Top 10 Best Crowdfunding Platforms for Reg A+

Mon, 31 Aug 2020 20:13:09 GMT

Title IV Regulation A+ allows companies to raise up to $50 million per year, a process that many people refer to as “Mini-I.P.O.” Ever since the SEC announced exemptions and leverages in Regulation A+, we have been witnessing new crowdfunding platforms eager to take a plunge in the vast money pile like uncle scrooge. But

Financing/IPO Transactions – July 2020

Mon, 31 Aug 2020 17:46:31 GMT

The financing and Initial Public Offering transactions for the month of July 2020 are posted below. These transactions were filed as S-1, F-1, and 1-A filings. To learn more about our IPO services, contact us. Date Form Type Company Name Underwriter Legal Counsel Price Shares Offering Amount 7/7/2020 F-1 Centogene N.V. Suisse Securities (USA) LLC

SEC Adopts Amendments on Proxy Voting Advice and Solicitation to Investors

Fri, 28 Aug 2020 18:22:03 GMT

On July 22, 2020, the SEC adopted amendments to its rules that exempt solicitors from furnishing proxy voting advice from the information and filing requirements of the federal proxy rules and issued supplemental guidance on Proxy Voting responsibilities of investment advisers. The adopted amendments aim at providing investors transparent, accurate, and complete information without imposing

Regulators Amend Volcker Rule for Investments in Hedge Funds

Fri, 24 Jul 2020 18:51:28 GMT

On June 25, 2020, five agencies, including the OCC, Board, FDIC, SEC, and CFTC, adopted amendments to Section 13 of the BHC Act, also known as the Volcker Rule. OCC here refers to Department of Treasury, Office of the Comptroller of the Currency Board refers to the Federal Reserve System FDIC refers to the Federal

Remarks at the Virtual Small Business Forum

Fri, 24 Jul 2020 17:54:14 GMT

On June 18th, 2020, The Office of the Advocate for Small Business Capital Formation virtually hosted the SEC’s 39th annual Government-Business Forum on Small Business Capital Formation. The SEC Chairman Jay Clayton, Commissioner Hester M. Peirce, Commissioner Elad L. Roisman, and Commissioner Allison Herren Lee gave introductory remarks. Given below are excerpts from the chairman

Financing/IPO Transactions – June 2020

Thu, 23 Jul 2020 19:10:10 GMT

The financing and Initial Public Offering transactions for the month of June 2020 are posted below. These transactions were filed as S-1, F-1, and 1-A filings. To learn more about our IPO services, contact us. Date Form Type Company Name Underwriter Legal Counsel Price Shares Offering Amount 6/1/2020 F-1 Titan Medical Inc N/A Borden Ladner

SEC and Justice Dept Antitrust Division Sign Historic Agreement

Wed, 01 Jul 2020 18:01:41 GMT

On June 22, 2020, the Securities and Exchange Commission and the Antitrust Division of the Department of Justice signed an inter-agency MOU for enhancing competition in the securities industry. Assistant Attorney General Makan Delrahim of the Antitrust Division and the SEC Chairman Jay Clayton executed the historic Memorandum of Understanding. SEC Chairman Jay Clayton said

Initial Coin Offerings Continue to Get Hit

Fri, 26 Jun 2020 19:36:23 GMT

Investing in or organizing an Initial Coin Offering (ICO) may sound like a great idea, especially if you were not able to mint profits from Bitcoin and Ethereum but beware of the associated risks. ICO is risky both for buyers and organizers for various reasons. If this is not something you want to read, skip

SEC Provides Temporary Relief to Allow Expedited Crowdfunding Offerings

Fri, 26 Jun 2020 18:38:57 GMT

On May 4, 2020, the SEC adopted certain leverages to Regulation Crowdfunding offerings, providing conditional temporary relief for smaller companies on the suggestion given by members of the SEC’s Small Business Capital Formation Advisory Committee. Under temporary relief, small companies must satisfy certain conditions in addition to the present Reg CF requirements to benefit from

SEC Announces Meetups for FinTech and Investors

Mon, 22 Jun 2020 23:52:51 GMT

FinTech Meetup On June 11, 2020, the Strategic arm of the SEC for Innovation and Financial Technology (FinHub) announced the launch of virtual peer-to-peer meet-ups (P2Ps), as a solution to its in-person meet-ups started in 2019. These meetings allow FinTech (Financial Technology) community to interact with FinHub and discuss their general issues, ask questions, or

Financing/IPO Transactions – May 2020

Sat, 13 Jun 2020 20:29:25 GMT

The financing and Initial Public Offering transactions for the month of May 2020 are posted below. These transactions were filed as S-1, F-1, and 1-A filings. To learn more about our IPO services, contact us. Date Form Type Company Name Underwriter Legal Counsel Price Shares Offering Amount 5/4/2020 F-1 uCloudlink Group Inc. I-Bankers Securities,

Covid-19 Relief Provided by NYSE, NASDAQ, OTC Markets

Wed, 27 May 2020 22:01:52 GMT

Recently, due to COVID-19, exchange listed companies have been struggling to comply with rules set forth for timely administration of annual shareholder meetings and SEC filings. Considering these situations and the fact that many listed companies are facing the risk of not meeting the continued listing standards, the SEC and exchanges, including the NASDAQ, NYSE

Office of the Advocate for Small Business Capital Formation Response to COVID-19

Tue, 26 May 2020 20:46:40 GMT

SEC Small Business Capital Formation Advisory held a virtual meeting on April 2, to discuss the impact of Covid-19 on small businesses along with proposed and adopted relief measures. SEC Chairman Jay Clayton started the session with concern on preserving the capital during current times and referred to actions taken by the SEC to help

What are State Blue Sky Laws?

Tue, 26 May 2020 18:02:42 GMT

In addition to Federal securities laws, states have their own securities regulations designed to protect investors which are referred to as Blue Sky Laws. Just like the SEC, states require securities to either be registered or exempted from registration before offering to investors of that state. Filings must be made by the issuer offering the

Financing/IPO Transactions – April 2020

Mon, 11 May 2020 20:27:05 GMT

The financing and Initial Public Offering transactions for the month of April 2020 are posted below. These transactions were filed as S-1, F-1, and 1-A filings. To learn more about our IPO services, contact us. Date Form Type Company Name Underwriter Legal Counsel Price Shares Offering Amount 4/10/2020 F-1 Safe-T Group Ltd. A.G.P./Alliance Global Partners

SEC Encourages Virtual Annual Meetings

Fri, 10 Apr 2020 19:18:19 GMT

In view of the current pandemic, the Securities and Exchange Commission has published guidelines for all market participants to provide aid with their annual shareholder meetings by encouraging “virtual” annual meetings and flexibility in rules for date and location of the meetings. Background Pursuant to federal securities laws, many public companies and investment companies are