Category: Market Prices 2503

The SEC has changed its policy regarding resale registration requirements for OTC Pink companies. It allows OTC Pink companies to use Form S-1 for an equity line financing transaction. Once the S-1 becomes effective, investors can sell securities at market price. This policy change dramatically improves the circumstances of OTC
The SEC recently proposed several amendments to the Investment Advisers Act of 1940, commonly referred to as the “Advisers Act.” These amendments specifically focus on rule 203(l)-1 and rule 203(m)-1, the definition of a venture capital fund, and the private fund adviser exemption. They are designed to better reflect changes