03/05/2012 01:00 p.m. - 02:00 p.m. EST
Corporate Finance | Capital Markets
David M. Lynn
The SEC’s Regulation M governs the activities of underwriters, issuers, selling security holders, and others in connection with offerings of securities, precluding manipulative conduct by persons with an interest in the outcome of an offering. Specifically, Regulation M, among other things, prohibits issuers, selling security holders, underwriters, broker-dealers and other distribution participants from directly or indirectly bidding for, purchasing or attempting to induce any person to bid for or purchase any security that is the subject of the distribution during the applicable restricted period. An understanding of Regulation M and the latest developments affecting Regulation M is critical for representing issuers, selling security holders and underwriters in many types of securities transactions.
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