Coral Capital Partners takes a look at an SEC enforcement action against a company and the individuals associated with it in an alleged stock pump and dump. This is a well written complaint by the SEC that is an interesting one to read.
FINRA’s Sanction of Broker/Dealers for Lack of Conducting Reasonable Due Diligence
FINRA recently issued Regulatory Notice 10-22 which requires broker/dealers to conduct or obtain reasonable due diligence on companies whose securities they sell in private placements through the Regulation D exemption. Coral Capital Partners looks at recent FINRA sanctions of broker/dealers, and their personnel for failure to conduct a reasonable due diligence review of companies for which they raised funds for through private placement sales under Regulation D.
Sun River Energy Pitches Investors on $39M to Fund Drilling Budget for 2012
Sun River Energy is attempting to raise $39 million
PIPE Issuer Accused of Manipulation In Multiple Suits By Restricted Shareholders
Sun River Energy was accused by multiple shareholders of attempting to manipulate the market for its common stock by refusing to remove the restrictive legends from their certificates following the expiration of the holding period required by Rule 144 of the Securities Act of 1933.
Welcome to the Coral Capital Partners Blog
Welcome to the Coral Capital Partners blog. This where we have a chance to interact with the public and discuss items we feel are of significance or importance to the business and capital markets community. It gives us a chance to talk about things that we feel are important or just simply interesting. A majority of the topics that we will discuss will be related to the core services that we provide. We hope you enjoy our blog and find the information contained useful and informative.