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LSDefine

Simple English definitions for legal terms

bad-boy provision

Read a random definition: abatement ab initio

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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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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