Raising capital in a down market? Beware securities law traps!
Raising start-up capital is a tough job even in good economic times. These days, with credit so scarce, it can seem nearly impossible. Unfortunately, when entrepreneurs want to get things done “in the worst way,” they sometimes run out of patience and do just that. Raising capital in 21st century America is a bit like […]
“A long history in distress”: Senator Schumer in Rule 10b-5 stock fraud scheme?
Many Americans think of stock fraud as a one-way street in which a seller tricks buyers by overstating the value of equity or debt. The reality is, fraud cuts both ways. Lying low is just as fraudulent as lying high. Senator Chuck Schumer (D-NY, pic right) should know. He is a member of the Senate […]