“Issuers of all publicly registered securities completing a filing process with the SEC (Using Form S-1 or S-3) for the securities they are offering to the general public for investment. The SEC must have approved the breadth and manner of the information disclosed by the Issuer. Importantly, the SEC does not approve an issue on its investment merits, only to the degree that the disclosures meet the standards for public registration (audited financial statements, length of operating history, etc.) of Public Securities. All offerings of securities in the U.S. are deemed to require public registration with the SEC unless qualify for exemption from public registration, such as through a Private Placement offering. Pertains to debt and equity.”
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by bsmith@carofin.com | Mar 8, 2019
