Securities Regulation Q&A - Exam Prep

(Study Tips, Dealing With Stress, Maintaining a Social Life, Financial Aid, Internships, Bar Exam, Careers in Law . . . )
User avatar
somewhatwayward
Posts: 1446
Joined: Wed Sep 30, 2009 5:10 pm

Securities Regulation Q&A - Exam Prep

Postby somewhatwayward » Thu Nov 15, 2012 8:28 pm

I know I can't be the only person who signed up for this class and is starting to freak out looking down the barrel of a quickly-approaching exam. I wanted to create a thread where we can ask and answer questions of each other.

My first question is about Rule 144A. I know only qualified institutional buyers (QIBs) can buy in a 144A transaction, but can non-QIBs (who are not affiliated with the issuer) sell to QIBs using 144A to exempt the transaction from registration? I think the answer is yes, but I wanted to check because the electronic market for 144A securities, PORTAL, can only be used by QIBs.

User avatar
weaselology
Posts: 85
Joined: Sat Nov 21, 2009 5:28 pm

Re: Securities Regulation Q&A - Exam Prep

Postby weaselology » Thu Nov 15, 2012 8:41 pm

Anyone other than an issuer may rely on 144A. The purchaser must be a QIB. PORTAL and other similar markets limit membership to QIBs so as to avoid the possibility of non-QIB buyers from transacting.

User avatar
mountaintime
Posts: 222
Joined: Tue Sep 08, 2009 6:38 pm

Re: Securities Regulation Q&A - Exam Prep

Postby mountaintime » Sun Dec 02, 2012 12:29 am

anyone have a good, CURRENT outline for Sec. Reg.?

User avatar
somewhatwayward
Posts: 1446
Joined: Wed Sep 30, 2009 5:10 pm

Re: Securities Regulation Q&A - Exam Prep

Postby somewhatwayward » Mon Dec 03, 2012 5:47 pm

I might have one by maybe December 15 which I would be willing to share if I actually get it done, LOL. I may end up just kinda reviewing my notes but I aspire to actually make an outline.




Return to “Forum for Law School Students”

Who is online

Users browsing this forum: shaynislegend, Yankees1313 and 7 guests