Perils of Using Unregistered Finders in Securities Transactions

Download: Alert.Perils_of_Using_Unregistered_Finders.10.14.13.pdf

The story of last year’s Chapter 11 filing by Neogenix Oncology Inc. is a stark reminder to issuers of securities of the dangers of using unregistered “finders” or “business brokers” to assist in the offer or sale of securities. As we noted in our August 25, 2009, Client Alert, “Unregistered Finders: A Trap for the Unwary,” the risk is not just to the unregistered “finder,” but to the issuer and its stockholders as well. 

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Perils of Using Unregistered Finders in Securities Transactions

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