Coral Capital Partners takes a look at a recent Securities Exchange Commission enforcement action against Edward Bronson and his firms e-Lionheart Associates and Fairhills Capital in which they charge Mr. Bronson and his firms with illegal fund raising, violations of Rule 504, and Delaware law. We feel that our blog along with the associated the Securities Exchange Commission (SEC) Litigation Release and Complaint filed in Federal Court will provide interesting reading.
Tag Archive for Securities Act of 1933
The Securities Act of 1933, sometimes referred to as the Truth in Securities Act was enacted following the aftermath of the stock market crash of 1929. Legislated pursuant to the interstate commerce clause of the Constitution, it requires that any offer or sale of securities using the means and instrumentalities of interstate commerce be registered with the SEC pursuant to the 1933 Act, unless an exemption from registration exists under the law. Prior to the Securities Act of 1933, the regulation of securities was primarily governed by state laws. The primary purpose of the ’33 Act is to ensure that buyers of securities receive complete and accurate information before they invest. Unlike state blue sky laws, which impose merit reviews, the ’33 Act embraces a disclosure philosophy, meaning that in theory, it is not illegal to sell a bad investment, as long as all the facts are accurately disclosed. In our blog, Coral Capital Partners looks at issues involving the Securities Act of 1933. We take a very close look at the various violations of the securities act that occur as a result of fraud and market manipulation.
Securities Lawyers Deskbook and Informational Sources
The Securities Lawyers Deskbook, published by the University of Cincinnati College of Law, has been a standard for professional in the securities industry. The Securities Lawyers Deskbook is currently being updated. Coral Capital Partners has published links to the various sites and regulations previously available through the Securities Lawyers Deskbook. Our goal is to provide a comprehensive source of links and reference information for businesses and other members of the investment community. We will be periodically updating and expanding the information provided.