The U.S. Securities and Exchange Commission brought an action against San Francisco-based Credit Karma on March 12 for issuing employee stock options without a valid registration exemption because the issuer failed to satisfy...more
3/16/2018
/ C&DIs ,
Credit Karma ,
Enforcement Actions ,
Financial Services Industry ,
Issuer Exemption ,
Penalties ,
Privately Held Corporations ,
Registration Requirement ,
Rule 701 ,
Securities and Exchange Commission (SEC) ,
Stock Options
In an unprecedented one-day blitz, the Chair of the Securities and Exchange Commission was joined by the SEC Enforcement Director in events in Silicon Valley and San Francisco on March 31 focused on one message: the SEC is...more