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LSDefine

Simple English definitions for legal terms

Section 5

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A quick definition of Section 5:

Section 5 is a law that requires companies to tell the government and potential investors about their plans to sell stocks or other investments. This helps make sure that investors have all the information they need to make good decisions. The law has three different time periods: before the company files its paperwork, while the government is reviewing the paperwork, and after the government approves the paperwork. Some companies are exempt from this law if they only sell to certain types of investors. This is called a private placement.

A more thorough explanation:

Section 5 is a part of the Securities Act that requires companies to file a registration statement with the Securities and Exchange Commission (SEC) before publicly offering securities. This is to ensure that potential investors have access to accurate information about the company and its securities.

Section 5 has regulations that apply to different time periods during the offering process. During the pre-filing period, companies cannot make any offers to sell securities. During the waiting period, companies can make oral offers and conduct roadshows, but written offers must meet certain requirements. Once the SEC approves the registration statement, companies can sell their securities without restriction.

There are some exceptions to Section 5, such as private placements. Private placements allow companies to issue securities without filing a registration statement if they meet certain conditions. These transactions usually involve selling securities to financial institutions.

A company wants to sell shares of its stock to the public. Before doing so, it must file a registration statement with the SEC that includes information about the company's financials, management, and other relevant details. During the waiting period, the company can conduct roadshows and make oral offers to potential investors. Once the SEC approves the registration statement, the company can sell its shares to the public.

However, if the company wants to sell shares to a select group of financial institutions, it may be able to do so through a private placement. In this case, the company would not need to file a registration statement with the SEC.

Section 4(a)(7) | Section 504

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so eg i didn't do a separate DS for most schools because i talk about my identity and life experiences and shit in my personal statement so it would've been redundant
for schools that have specific prompts like duke i did them
Yeah because I mean I could talk about my religious background but I feel like it may just fall flat since I've done two options on personal experience and I dont' have any other work experience that relates to it. I just don't want it to harm me that I didn't tell them as much about my self as I could with all the statements but I'm just not sure it'll sound authentic -- even if I am passionate about my faith. So I'm heavily leaning to skip it.
i think if you only briefly mention it in your personal statement and you really talk about things like how it influences your woldview for example or how it shapes your future plans and why you want to go into law (if that's not something you talk about in your PS) that's a very solid DS
That's true. I think I should a least write a draft then to see how I feel about it. :3
if it adds to who you are as a person and why you're motivated to purse things then it's something that is valuable for adcomms to know and it comes off as genuine because it is
Honestly I wouldn't stress too hard about essays. Most essays exist purely to determine whether or not you can write, so unless you're the 1% who writes the greatest essay they've ever seen, or the 1% who writes the worst essay they've ever seen, it is not going to be the deciding factor except in the most niche of tiebreaker scenarios.
Okay!
Which is not to say you shouldn't put effort into them and make them as strong as possible, but don't let it keep you up at night is basically what I'm getting at
14:01
Anyone think Davis will o an R wave tomorrow?
14:01
do^
WorthlessAttractiveZombie
14:02
Honestly, it may be an R/WL wave tomorrow
WorthlessAttractiveZombie
14:02
I am not feeling great tbh
14:02
Hastings did that at the beginning of the week
HopefullyInLawSchool
14:02
Me either
Hastings did the most insane YP I've ever seen this week lol
14:03
I just cant remember if thats how Davis did it last year
WorthlessAttractiveZombie
14:03
I applied Sept 1, and people who applied after me are getting decisions so....
we thinking GULC wave today?
HopefullyInLawSchool
14:03
@Skydog1969: They might be only releasing results for YM right now
14:03
could just be that you are not an automatic yes or no, but maybe they want to look at your app more. Don't lose hope
gonna get a virtual spray bottle
14:04
true that could be it
WorthlessAttractiveZombie
14:04
@Skydog1969: yeah, I am not a California resident so I technically have no reason to be applying there
HopefullyInLawSchool
14:04
im a resident so for me even scarier
14:05
@WorthlessAttractiveZombie: My legal address says I am from NJ but I live in CA.
14:06
I have no business applying based on my stats but its where I went to undergrad
14:07
Has anyone not heard back from any schools and is pushing two months in a couple weeks?
Wait gulc wave would go crazy
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