Purchase Solution

Langley Brothers in Kansas and the SEC and S&E Act

Not what you're looking for?

Ask Custom Question

Langley Brothers, Inc., a corporation incorporated and doing business in Kansas, decides to sell no par
common stock worth $1 million to the public. The stock will be sold only within the state of Kansas.
Joseph Langley, the chairman of the board, says the offering need not be registered with the Securities
and Exchange Commission. His brother, Harry, disagrees. Who is right? Explain.

In responding to the question be sure to:
- Discuss the exempt securities pursuant to the Securities and Exchange Act.
- Determine whether or not Langley Brothers would be subject to registration requirements.

Purchase this Solution
Solution Summary

A case analysis of th registration of stock issue for Langley Brothers in Kansas with the SEC is discussed to included

Solution Preview

Case analysis

Langley Brothers, Inc., a corporation incorporated and doing business in Kansas, decides to sell no par
common stock worth $1 million to the public. The stock will be sold only within the state of Kansas.
Joseph Langley, the chairman of the board, says the offering need not be registered with the Securities
and Exchange Commission. His brother, Harry, disagrees. Who is right? Explain.

In responding to the question be sure to:
Discuss the exempt securities pursuant to the Securities and Exchange Act.
Determine whether or not Langley Brothers would be subject to registration requirements

Regardless of where it is sold if it follows this it is exempt; Regulation A

Regulation A of the ...

Purchase this Solution
Free BrainMass Quizzes
Basics of corporate finance

These questions will test you on your knowledge of finance.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Introduction to Finance

This quiz test introductory finance topics.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

View More Free Quizzes
Related BrainMass Solutions

  • Application of Sarbanes Oxley Act

    In May 2006 interim guidance was issued by the SEC. This is a major reform because first Enron and later Lehman Brothers used off sheet balance sheet instruments fraudulently. We next consider Title VIII Section 802.

  • Hertz Initial Public Offering registration, disclosure and compliance issues

    Thus Hertz filed a Registration Statement on Form S-1 with the Securities and Exchange Commission in connection with the initial public offering of its common stock.

  • Interfacing with Supply Chain

    J., Langley, C. J., Gibson, B., Novack, R. A., & Bardi, E. J. (2008). Supply Chain Management: A Logistics Perspective. Cengage Learning. Kumar, S. (2007). Connective Technologies in the Supply Chain. Edition. CRC Press. Ross, D. F. (2003).

  • Determining the level of fault tolerance needed

    Information Security Management Act of 2002 SEC 17 CFR 240: Securities and Exchange Commission regulations on controls and procedures over electronic transactions Gramm-Leach-Bliley: privacy requirements Clinger-Cohen Act of 1996: a.k.a.

  • Supreme Court Ruling - State of Kansas vs. Hendricks

    Hendricks and Quinn challenged the constitutionality of the Act and requested a trial by jury which the court in fact granted.

  • Accounting Frauds

    Consider the Securities Act of 1933 and the Securities Exchange Act of 1934. What is the role of the SEC in regards to protecting individual investors? 2. Consider the information brought to the SEC by Harry Markopolos.

  • Php script to search for words in a string

    c) Search for a word in $states that begins with M and ends in s. Store this element in element 2 of the array. d) Search for a word in $states that ends in a. Store this word in element 3 of the array.

  • The Legal Environment Assessed

    The auditor never detected this. The corporationââ?¬â?¢s stock drops 95 percent and bond covenants related to billions in debt are breached.

  • Echoes of the Shenanigans

    Have we seen echoes of the Shenanigans cases in more recent horror stories? In the United States the echoes of the Shenanigans cases can be seen in case of Lehman Brothers.

View More Related Solutions