Rich Pugh Unit 9 Case Analysis

Rich Pugh Unit 9 Case Analysis - Case Analysis 1 Case...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Case Analysis 1 Case Analysis: Week 9 Rich Pugh Kaplan University LS311: Business Law I Professor Nivea Castro, J.D. August 9, 2011
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Case Analysis 2 Facts/History Langley Brothers, Inc. is selling no par common stock worth $1 million to the public. They only do business in Kansas and the stock will only be sold in Kansas. Issue Does Langley Brothers, Inc. need to be registered with the Securities and Exchange Commission? Decision/Reason Langley Brothers, Inc. is not subject to registration requirements. Under Rule 147, intrastate transactions involving only local offerings are exempt from registering with the SEC ("Securities law update," 2011) Analysis A number of securities are exempt from registration with the SEC. Government issued securities, short-term notes and drafts, and securities issued in stock dividends and stock splits are a few of the possible exemptions (Jentz & Miller, 2008 p. 568). If a security does not fall under the exempt securities, then certain transactions are exempt
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 08/22/2011 for the course BUSINESS L ls311 taught by Professor Starcher during the Spring '11 term at Kaplan University.

Page1 / 4

Rich Pugh Unit 9 Case Analysis - Case Analysis 1 Case...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online