A secondary offering is a sale of securities by someone who purchased the security in a primary offering to a subsequent purchaser. That is, a private investor sells their shares to another private investor. Unlike a primary offering, the...
securities
Section 11
Section 11 refers to Section 11 of the Securities Act, formally 15 U.S.C. § 77k, which allows purchasers of a security in a public offering to bring a civil action against the issuer, underwriter, or anyone who signed or helped prepare the...
Section 4(1 ½)
Section 4(1 ½) or Section 4(a)(1 ½) is a form of private placement resale of securities whose resale is otherwise restricted. It is not a formal section of the Securities Act but rather is a method of private placement resale which relies on...
Section 4(a)(7)
Section 4(a)(7) of the Securities Act is the codification of Section 4(1 ½). That is, Section 4(a)(7) allows an individual who holds a security issued in a private placement whose resale is restricted to resell that security in a subsequent...
Section 5
Section 5 commonly refers to Section 5 of the Securities Act, formally 15 U.S.C. § 77e, which requires issuers to file a registration statement when publicly offering securities.
Section 5 RegulationsSection 5 seeks to...
secured party
A secured party is a person or entity in whose favor a security interest is created or provided for under a security agreement, regardless of whether an obligation to be secured is currently outstanding.
For example, a...
secured transaction
A secured transaction is an arrangement in which a buyer or borrower (referred to as the debtor) guarantees payment of an obligation by granting a security interest in property to the seller or lender (referred to as the secured party)....
secured transactions
Secured Transactions Law: An Overview
Secured transaction law governs the creation, perfection, priority, and enforcement of security interests in personal property. This area of law provides lenders with a legal mechanism to secure their...
securities
Securities Law: An Overview
Securities law exists because of unique informational needs of investors. Securities are not inherently valuable; their worth comes only from the claims they entitle their owner to make upon the assets and...
Securities Act of 1933
The Securities Act of 1933 was Congress's opening shot in the war on securities fraud. Congress primarily targeted the issuers of securities. Companies which issue securities (called issuers) seek to raise money to fund new projects or...