The secondary market is the exchange where secondary offerings occur.
[Last updated in January of 2022 by the Wex Definitions Team]
ACADEMIC TOPICS
secondary offering
A secondary offering is a sale of securities by someone who purchased the security in a primary offering to a subsequent purchaser. That is, a private investor sells their shares to another private investor. Unlike a primary offering, the...
Section 11
Section 11 refers to Section 11 of the Securities Act, formally 15 U.S.C. § 77k, which allows purchasers of a security in a public offering to bring a civil action against the issuer, underwriter, or anyone who signed or helped prepare the...
Section 4(1 ½)
Section 4(1 ½) or Section 4(a)(1 ½) is a form of private placement resale of securities whose resale is otherwise restricted. It is not a formal section of the Securities Act but rather is a method of private placement resale which relies on...
Section 4(a)(7)
Section 4(a)(7) of the Securities Act is the codification of Section 4(1 ½). That is, Section 4(a)(7) allows an individual who holds a security issued in a private placement whose resale is restricted to resell that security in a subsequent...
Section 5
Section 5 commonly refers to Section 5 of the Securities Act, formally 15 U.S.C. § 77e, which requires issuers to file a registration statement when publicly offering securities.
Section 5 RegulationsSection 5 seeks to...
securities fraud
Securities fraud is the misrepresentation or omission of information to induce investors into trading securities.
OverviewWhile always actionable under common law fraud, Congress, the Securities and Exchange Commission (...
seduction
Seduction, in law, refers to an act by which a person entices another to have unlawful sexual intercourse with them by means of persuasions, promises, flattery or bribes without using any physical force or violence.
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see
In formal legal writing, a signal indicating that the cited source clearly supports the preceding statement, even though an inference is required to draw the connection. If the statement repeats an idea directly from the source or quotes the source,...
see also
In formal legal writing, a signal indicating that the cited source provides additional support for the statement after primary supporting sources have already been cited. Thus, see also citations most appropriately follow sources that have been cited...