The SEC acts to slam the door or Regulation S abuses
Article Abstract:
The SEC amended Regulation S, trying to eliminate abuses which have occurred since its adoption in 1990. This amendment occurred in SEC Release No. 33-7505, issued on Feb. 17, 1998. Regulation S was supposed to be a safe harbor from the SecuritiesAct's registration requirements for offshore offers and sales of securities. In the SEC's opinion, abuses in connection with sales of domestic equity securities were common, with Regulation S used to perpetrate fraudulent and manipulative schemes.
Publication Name: Securities Regulation Law Journal
Subject: Law
ISSN: 0097-9554
Year: 1998
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The SEC acts to slam the door on Regulation S abuses
Article Abstract:
The SEC in February 1998 approved amendments to Regulation S designed to prevent abuses arising from offshore offers and sales of securities. Offshore sales take place outside the US. Regulation S, which was adopted in 1990, provided for a safe harbor from the registration requirements of the Securities Act for offshore securities. Since then, the regulation has been used as a vehible for securities manipulation and fraud.
Publication Name: Securities Regulation Law Journal
Subject: Law
ISSN: 0097-9554
Year: 1998
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The SEC attacks abuses in the use of Form S-8 registration statement
Article Abstract:
The SEC dealt with the problem of microcap stock abuse of the Form S-8 registration statement in SEC Release No. 33-7506, issued on Feb 17, 1998. This release proposed amendments to Form S-8 limiting securities sales to the general public through "consultants" or "advisors." The release also proposed expanding the form to facilitate option exercises by employees' family members.
Publication Name: Securities Regulation Law Journal
Subject: Law
ISSN: 0097-9554
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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