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Corporate & Securities Law
: Jim Hamilton's World of Securities RegulationBy Jim Hamilton
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SEC Staff Legal Bulletin Clarifies Registration Exemption for Securities Issued in ReorganizationsIn the first staff legal bulletin in almost three years, the SEC staff has clarified the registration exemption for securities issued in reorganizations. The exemption, found in Section 3(a)(10) of the Securities Act, is available when the securities are issued in exchange for other securities, not for cash, and the fairness of the exchange is approved by a court of governmental entity. The fairness read more
Full post as published by Jim Hamilton's World of Securities Regulation on June 18, 2008 (boomark / email).
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