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LSDefine

Simple English definitions for legal terms

bad-boy provision

Read a random definition: mass-appraisal method

A quick definition of bad-boy provision:

Bad-Boy Provision: A rule that says certain people who have done bad things in the past cannot get special treatment when selling investments. This rule usually stops people who have been in trouble for cheating with money from being involved in a small sale of investments.

A more thorough explanation:

A bad-boy provision is a clause in securities law that prevents certain individuals from receiving exemptions from registering their securities due to their past conduct. This provision is typically included in blue-sky laws and prohibits individuals who have been involved in adverse proceedings related to securities, commodities, or postal fraud from participating in limited offerings.

  • An issuer who has been convicted of securities fraud in the past cannot participate in a limited offering.
  • A broker-dealer who has been sanctioned by the SEC for violating securities laws cannot be involved in a limited offering.

These examples illustrate how the bad-boy provision works by preventing individuals with a history of misconduct from participating in certain securities offerings. This helps protect investors by ensuring that only trustworthy individuals are involved in the sale of securities.

bad-boy disqualification | bad check

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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