Sentences with phrase «unregistered shares»

According to the SEC, the three illegally sold their restricted shares on the public market when Longfin's stock was on the rise.These sales violated federal securities laws, the SEC claims, which restrict company affiliates from publicly trading unregistered shares.

Longfin's chief executive allegedly issued unregistered shares to nominees which were then sold to the public.

The regulator has accused blockchain tech upstart Longfin Corp and four of its officers of awarding and then selling unregistered shares for their own gain.

A Longfin executive and two people affiliated with the company violated securities laws by selling unregistered shares granted by founder and Chief Executive Officer Venkata S. Meenavalli, the U.S. Securities and Exchange Commission said in a statement Friday.

Originally designed for use by insiders of the issuer, such as major shareholders who own unregistered shares acquired directly from the issuer, but now expanded to allow issuers to use the process.

The company announced in August that it sold 1.5 million unregistered shares to a private investor who is also a current shareholder at a price of $ 2.10 per share, for aggregate consideration of $ 3.15 million.

In 2016, BlackRock, the sponsor of the gold ETF iShares Gold Trust (IAU) sold $ 296 million in unregistered shares of an exchange - traded fund.

Investors who bought and resold the unregistered shares may have the right to sue for damages and interest.

The company in August sold 1.5 million unregistered shares to a private investor who is also a current shareholder at a price of $ 2.10 per share, for aggregate consideration of $ 3.15 million.

Not exact matches

An SEC's order found that Merrill Lynch sold almost three million shares of Longtop Financial Technological Limited's securities into the market despite red flags indicating that the sales could be part of an unlawful unregistered distribution.

In addition, the Company issued unregistered warrants to purchase a total of 2,660,000 shares of Common Stock at an exercise price of $ 2.00 per share.

In addition, the Company will issue unregistered warrants to purchase a total of 2,660,000 shares of Common Stock at a fixed exercise price of $ 2.00 per share.

If you have any information or experience with unregistered schools that you are willing to share with the BBC you can get in touch with us at [email protected]

You are not authorized to give any information or make any representations concerning Franklin Templeton Funds, or shares of any such Funds, except those contained in the Fund's then - current prospectus or legal disclosure document (e.g., for unregistered Funds), or materials issued by us as information supplemental to such prospectus or legal disclosure document.

In the Market Lofts case, the shared facilities agreement specifically contemplated an unregistered lien arising in the event of default in payment of any amounts owing under the agreement.