All brokers and intermediaries should have a clear understanding of why SEC registration is so important and what they risk if they don’t follow SEC regulations.
Chicago, IL (Vocus) August 21, 2009
What could happen to a business broker who does a stock deal without registering with the SEC? The September 1st breakfast meeting of the Midwest Business Brokers & Intermediaries (MBBI) will cover this important topic. Shane Hansen of Warner Norcross & Judd LLP and Craig McCrohon of Burke, Warren, MacKay & Serritella will present on “Are your Deals in Violation of SEC Laws?” The meeting will be held at the Fountain Blue Banquet & Conference Center, Des Plaines, IL.
Hansen practices in the area of financial services regulation and regularly advises clients about business, corporate, banking, securities and franchise laws and regulations. He has substantial experience involving M&A and sales of financial institutions and their assets.
McCrohon specializes in corporate, securities and M&A law. He advises companies regarding corporate transactions, director and officer liability, corporate finance and regulatory matters. He has experience in organizing bank holding companies, negotiating venture capital investments, drafting securities offerings and negotiating joint ventures internationally.
Hansen and McCrohon will discuss how SEC violations might occur, and the legal risks that brokers take by selling stock. They will also discuss business brokers who have been prosecuted or have lost their commission for doing a stock deal without registering with the SEC.
“This is a timely, crucial topic for business brokers and intermediaries,” said Chuck Andrews, president of MBBI and managing director of The McLean Group’s Chicago office. “All brokers and intermediaries should have a clear understanding of why SEC registration is so important and what they risk if they don’t follow SEC regulations.”
MBBI, a non-profit association dedicated to promoting professional and ethical excellence in the business broker and intermediary community, is committed to educating the business community about buying and selling businesses.
The MBBI meeting is open to members as well as non-members. The meeting begins at 8 a.m. at the Fountain Blue Banquet & Conference Center, 2300 Mannheim Rd., Des Plaines, IL. The cost is $25 for MBBI members and $40 for non-members.
For those traveling from other parts of the Midwest, the meeting site is less than 10 minutes from O’Hare Airport. Free parking is also available for those driving to the meeting. For more information on the meeting, please contact MBBI at (847) 882-8230 or visit http://www.mbbi.org.
Midwest Business Brokers and Intermediaries (MBBI) is dedicated to promoting professional and ethical excellence in the business broker and intermediary community. MBBI is the largest organization of M&A professionals in the Midwest, with more than 350 members. Its membership is comprised of business brokers, M&A intermediaries, investment bankers, attorneys, accountants, consultants, valuation service providers, private equity groups, corporate and individual buyers.
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