Websites

  • Finance

    SEC Scrutiny of Crowdinvesting Sites Not Registered as Broker-Dealers

    On November 10, 2014, the SEC announced a settlement with Eureeca Capital SPC, which is a crowdinvesting portal incorporated in the Cayman Islands. Eureeca’s website seeks to match foreign-based issuers with investors interested in making equity investments. The website provides information about various issuers and their offerings. This information was accessible to U.S. residents, despite the fact that the securities offered through the site were not registered with the SEC. In alleging that Eureeca violated Section 5 of the Securities Act by offering unregistered securities for sale, the SEC noted that Eureeca took no steps to comply with the exemption from registration found in Rule 506(c). Specifically, the SEC alleged that Eureeca took insufficient steps to confirm that the U.S. investors were accredited investors. The SEC also alleged that Eureeca was acting as an unregistered broker-dealer by, among other things, (i) encouraging investments in the offerings on its site, (ii) completing the final legal requirements for the transaction (i.e. accommodating the swap of funds for equity), and (iii) receiving a percentage of the funds from all fully funded offerings as a fee.
  • Blog Wars, Blogging, Law Schools, Rankings

    Ranking Law School Websites: Cooley Ranks Near the Top!

    The people over a Thomas M. Cooley Law School have a long and illustrious history of inventing ridiculous law school rankings that magically show Cooley Law at or near the top. It's pretty pathetic to make up your own ranking and rank yourself. But now a third party has put together a ranking where Cooley has risen to the top. A Georgetown professor has ranked all the websites from ABA-accredited law schools. The top of the list isn't only about law schools that are trying dazzle students into making a ruinous financial decision. The rankings mainly seem to reflect whether or not law schools care about their website at all....
  • Crime, Hotties, Prostitution, Sex, Sex Scandals, Small Law Firms, Solo Practitioners

    Don't Call Her 'Reema': Say Hello to 'Nicki Bajaj'

    Is Reema Bajaj, the attractive solo practitioner accused of practicing more than law, trying to capitalize on the fame of Nicki Minaj, the rapper-singer-songwriter behind such hits as Super Bass? It seems that Bajaj, the comely young Illinois lawyer who's going to trial in March 2012 on prostitution charges, has rebranded herself as "Nicki Bajaj." Let's hear from a tipster, and check out the exciting new website of Reema -- er, Nicki -- Bajaj....
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