United States securities law

Jury Trial Begins in Case Challenging SEC’s Arbitrary Expansion of Rules for Securities Companies

Retrieved on: 
Tuesday, July 13, 2021

Washington, D.C., July 13, 2021 (GLOBE NEWSWIRE) -- The jury trial has begun in U.S. Securities and Exchange Commission v. Spartan Securities Group, LTD., et al.

Key Points: 
  • Washington, D.C., July 13, 2021 (GLOBE NEWSWIRE) -- The jury trial has begun in U.S. Securities and Exchange Commission v. Spartan Securities Group, LTD., et al.
  • From 2005 through 2015, Spartan applied to publish quotations of securities as a market maker for approximately 1500 issuers.
  • To apply to publish quotations, Spartan was required to file a Form 211 application with the Financial Industry Regulatory Authority (FINRA) to demonstrate compliance with both FINRA and SEC rules.
  • SECs theory of liability rests on an expansion of the applicable rules via guidance.

Enerkon Solar International Issues an expanded public announcement validating corporate actions

Retrieved on: 
Tuesday, July 13, 2021

New York, New York, July 13, 2021 (GLOBE NEWSWIRE) -- Enerkon Solar International (OTC: ENKS) Issues an expanded public announcement validating corporate actions on behalf of shareholders and updating compliance status while disclosing new positive transactions

Key Points: 
  • New York, New York, July 13, 2021 (GLOBE NEWSWIRE) -- Enerkon Solar International (OTC: ENKS) Issues an expanded public announcement validating corporate actions on behalf of shareholders and updating compliance status while disclosing new positive transactions
    Today, the chairman Mr. Benjamin Ballout States that the company presents this current update on the status of compliance and current information, as well as the status of the legal and administrative process the company is using to achieve compliance and revert back to its original Pink Current Information Status from the present status of Expert Market Caveat Emptor (CE) status for which the normal restrictions apply.
  • Further, and most importantly, the Chairman has never made any corporate action which would be I violation of ANY securities laws ever from inception of the company in 2018 until present day.
  • All corporate actions, resolutions, issuance of shares, convertible note, conversion permissions, were protected by the federal law - either via exemption, or by permission, as provided by the federal laws and rules, including that of the SEC and the securities act of 1933 rule 144 rules 4 (a)( 1) or others- regardless, of what the behavior of former management or absconding service providers was or may have been this was or would be - without the knowledge control or, responsibility, of the chairman of Enerkon.
  • And there should be NO actions related to the legal and legitimate actions and behavior of the chairman and actions if any, should only be attributed to persons who misbehaved and /or may have violated Securities laws, as represented in our Federal Compliant filed in Nevada some many weeks ago (well before any suspension).

FINAL DEADLINE ALERT: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Danimer Scientific, Inc. Investors to Secure Counsel Before Tomorrow’s Important Deadline in Securities Class Action – DNMR

Retrieved on: 
Monday, July 12, 2021

WHAT TO DO NEXT: To join the Danimer Scientific class action, go to http://www.rosenlegal.com/cases-register-2065.html or call Phillip Kim, Esq.

Key Points: 
  • WHAT TO DO NEXT: To join the Danimer Scientific class action, go to http://www.rosenlegal.com/cases-register-2065.html or call Phillip Kim, Esq.
  • WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

Olink Holding AB (publ) Launches Public Offering of American Depositary Shares by Selling Shareholders

Retrieved on: 
Monday, July 12, 2021

The U.K. Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Offering.

Key Points: 
  • The U.K. Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Offering.
  • The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the offering.
  • Furthermore, it is noted that, notwithstanding the Target Market Assessment, the underwriters will only procure investors who meet the criteria of professional clients or eligible counterparties.
  • Each distributor is responsible for undertaking its own target market assessment in respect of the securities and determining appropriate distribution channels.

EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against Kanzhun Limited – BZ

Retrieved on: 
Monday, July 12, 2021

Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Kanzhun Limited (NASDAQ: BZ) between June 11, 2021 and July 2, 2021, inclusive (the Class Period).

Key Points: 
  • Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Kanzhun Limited (NASDAQ: BZ) between June 11, 2021 and July 2, 2021, inclusive (the Class Period).
  • Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.
  • Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company.

LPL Financial Welcomes Pacstar Financial Group

Retrieved on: 
Monday, July 12, 2021

CHARLOTTE, N.C., July 12, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Alan Kodama and the team at Pacstar Financial Group has joined LPL Financials broker-dealer, corporate registered investment advisor (RIA) and custodial platforms.

Key Points: 
  • CHARLOTTE, N.C., July 12, 2021 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Alan Kodama and the team at Pacstar Financial Group has joined LPL Financials broker-dealer, corporate registered investment advisor (RIA) and custodial platforms.
  • With additional registered offices in Kauai, Pearl City and Maui, Pacstar Financial Group also includes fellow advisors Thomas Lodico, John Araki and Rose Antonio, along with four office support members.
  • Member FINRA/SIPC
    Throughout this communication, the terms financial advisors and advisors are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC.
  • Pacstar Financial Group and LPL Financial are separate entities.

ToughBuilt Industries, Inc. Announces $40 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

Retrieved on: 
Monday, July 12, 2021

The gross proceeds to the Company are expected to be approximately $40 million, before deducting placement agent fees and other offering expenses.

Key Points: 
  • The gross proceeds to the Company are expected to be approximately $40 million, before deducting placement agent fees and other offering expenses.
  • ToughBuilt currently intends to use the net proceeds from the offering for working capital purposes.
  • 333-252630) (the Registration Statement), which was declared effective by the Securities and Exchange Commission (the SEC) on February 8, 2021.
  • Investors and security holders are urged to read these documents free of charge on the SECs web site at http://www.sec.gov .

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages AcelRx Pharmaceuticals, Inc. Investors With Losses Over $100k to Secure Counsel Before Important August 9 Deadline in Securities Class Action – ACRX

Retrieved on: 
Saturday, July 10, 2021

WHAT TO DO NEXT: To join the AcelRx class action, go to http://www.rosenlegal.com/cases-register-2106.html or call Phillip Kim, Esq.

Key Points: 
  • WHAT TO DO NEXT: To join the AcelRx class action, go to http://www.rosenlegal.com/cases-register-2106.html or call Phillip Kim, Esq.
  • WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

Bunge Completes Sale of 35 U.S. Grain Elevators

Retrieved on: 
Friday, July 9, 2021

Bunge Limited (NYSE: BG) announced today that is has completed the previously announced sale of 35 U.S. interior elevators to Zen-Noh Grain Corporation.

Key Points: 
  • Bunge Limited (NYSE: BG) announced today that is has completed the previously announced sale of 35 U.S. interior elevators to Zen-Noh Grain Corporation.
  • At Bunge ( www.bunge.com , NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world.
  • We routinely post important information for investors on our website, www.bunge.com , in the "Investors" section.
  • We may use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD.

GRAND CITY PROPERTIES PUBLISHES SUBSCRIPTION PRICE AND SUBSCRIPTION RATIO FOR SCRIP DIVIDEND

Retrieved on: 
Thursday, July 8, 2021

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.

Key Points: 
  • THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.
  • THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES.
  • THIS COMMUNICATION MUST NOT BE READ, ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS.
  • ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.