Securities law

Who Would Be a Tippee for Purposes of Insider Trading?

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Who would be a Tippee for purposes of insider trading? First, if the person received material nonpublic information from a corporate insider and trades based upon that information, the person can be liable as a “”tippee.””28 Second, even a person with no relationship to the corporate issuer can be liable for insider trading under the … Read more

Are LLC Units Securities? Understanding LLC Membership Interests

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Are LLC units securities? An LLC can be managed either by its owners (the “”members””) or by hired managers. In a manager-managed LLC, some or all owners are not involved in the daily operations of the business. Because of this, they are considered securities under California law. Read more on www.sanjosebusinesslawyersblog.com A common business structure … Read more

Which Companies are Required to File an Annual Report with the SEC?

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What companies are required to file an annual report with the SEC? The Securities and Exchange Commission (SEC) requires public companies, certain company insiders, and broker-dealers to file periodic financial statements and other disclosures. Finance professionals and investors rely on SEC filings to make informed decisions when evaluating whether to invest in a company. Read … Read more