Vani Upadhyaya

Nov 1, 2024 | businesslawtoday.org | Karen Liu |Jason P. Gottlieb |Vani Upadhyaya |Alan Wilson

CURRENT MONTH (October 2024)SEC Division of Examinations Releases Its 2025 Examination PrioritiesBy Karen Liu, Reid & Wise LLCOn October 21, 2024, the Division of Examinations (“Division”) of the U.S. Securities and Exchange Commission (“SEC”) released its annual Examination Priorities for Fiscal Year 2025 (“2025 Priorities”).

Oct 23, 2024 | businesslawtoday.org | Jason P. Gottlieb |Vani Upadhyaya

Section 5 of the Securities Act of 1933 (“Securities Act”) prohibits the offer or sale of unregistered securities, absent an exemption. However, Section 4(a)(1) of the Securities Act explicitly states that the prohibition in Section 5 only applies to transactions by an issuer, underwriter, or dealer.[1]The Securities and Exchange Commission (“SEC”) has been relatively undaunted by that limitation.