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Attorneys Present at Annual Securities Law Seminar

Firm attorneys, Jim Kruse and Betsy Voter, members of KLMR’s corporate and securities practice areas, presented “When is a ‘Distribution’ Complete? aka Sham Distributions,” at the Securities Law Section of the Utah State Bar Annual Securities Law Seminar in Jackson, Wyoming, on August 19, 2016.  The presentation highlighted the legal issues surrounding certain types of S-1 registration statements, securities distributions, reverse mergers, and a growing SEC enforcement response against promoters and others involved.  Kruse and Voter also highlighted the apparent enforcement focus on attorneys involved and the potential pitfalls for practicing securities attorneys.

The conference was well attended by securities attorneys and securities professionals.  Other presenters included the Director of the Utah Division of Securities, the Regional Director for the Salt Lake City Regional Office of the SEC, and Associate General Counsel for both Adobe and Instructure.