SEC Provides Guidance To Foreign Firms

The SEC released informal guidance to foreign private issuers, describing how to comply with U.S. securities laws and SEC regs.

It actually provides a decent overview of the securities laws for any issuer along with a discussion of what it takes to qualify as a foreign private issuer.

It also provides a decent discussion of a couple of topics that generally causes confusion:

  • Requirement of registration vs. exemptions from registration
  • Resales of restricted securities.

It is worth checking out.  See it here.