BlueSkyImage / Shutterstock.com Who doesn’t love a bargain? Scheming to get the best price — whether by utilizing coupons, sales, frequent-shopper points or other tips — is a rewarding and fun pastime. But sometimes, purchasing the absolute cheapest item in a certain category isn’t the way to go. That old saying, “You get what you pay for,” rings true time and... [...]
On September 26, the Securities and Exchange Commission adopted a new rule to allow all issuers, not just emerging growth companies, to utilize “test-the-waters” communications in connection with an initial public offering or other securities offering.
The rule implements the proposal put forth by the SEC in February 2019, discussed in the March 1, 2019 edition of Corporate & Financial Weekly Digest.
Since 2012, the JOBS Act has allowed emerging growth companies to engage in “test-the-waters” meetings with institutional investors prior to or following the filing of a registration statement. These meetings have proved popular with issuers looking to gauge investor interest in a potential offering prior to a formal roadshow and, in some cases, prior to devoting significant financial and other resources to the registration process. The SEC’s new rule expands this accommodation, which is intended to encourage more issuers to consider entering the US public markets, to all issuers.
As a general matter, Section 5 of the Securities Act of 1933 (Securities Act) prohibits issuers from making any written or oral offers prior to filing a registration statement. Once a registration statement is filed, offers must be made pursuant to a “statutory prospectus” that conforms to the requirements of the Securities Act. “Test-the-waters” communications are exempt from these limitations, allowing these communications to occur before a registration statement is filed or before a statutory prospectus is furnished to investors.
Under this new rule any issuer, or any person authorized to act on behalf of an issuer (including an underwriter), can engage in oral or written communications about a potential offering with investors that are, or are reasonably believed to be, qualified institutional buyers or institutional accredited investors.
Importantly, though, “test-the-waters” communications are “offers” within the meaning of the securities laws and are subject to the general anti-fraud provisions of the federal securities laws, as well as to potential liability under Securities Act Section 12(a)(2) (Civil Liabilities in Connection with Prospectuses and Communications). Accordingly, issuers should take care in preparing or authorizing any “test-the-waters” materials and review the contents with legal counsel prior to holding any meetings.
Under the new rule, no special legending will be required in connection with “test-the-waters” communications, and issuers will not be required to publicly file “test-the-waters” materials. The SEC noted, however, that, as is currently the practice of the SEC staff when reviewing registration statements, the staff could request an issuer to furnish any “test-the-waters” materials to the staff in connection with their registration statement review.
The SEC also reminded public companies to consider the application of Regulation FD in connection with furnishing investors any materials. To the extent “test-the-waters” communications contain any material nonpublic information, an issuer would need to determine whether Regulation FD requires public disclosure of the information at the same or whether an exemption from Regulation FD disclosure applies.
The new rule will be codified as Rule 163B under the Securities Act, with conforming amendments to existing Rule 405, and will take effect 60 days after publication in the Federal Register.
The SEC’s full adopting release is available here. [...]
With a sign-up bonus, a 50% companion discount, free checked bag and lots more nice benefits, there’s plenty to like about the Hawaiian Airlines® World Elite Mastercard®. But it’s not for everyone. Like any travel rewards card, it’s better suited for some travelers than for others. Here’s how to know if this Hawaiian Airlines-branded card...
June Casagrande is a writer at NerdWallet. Email: firstname.lastname@example.org.
The article How Do I Know If the Hawaiian Airlines World Elite Mastercard Is for Me? originally appeared on NerdWallet. [...]
Need some practical ideas to cut your grocery bill? Here’s a list of 10 simple ideas to shave money off your grocery budget.
Looking for more tips? Check out my post on 25 Ways to Save Money on Groceries and my $70 Grocery Budget posts.
photo by KitAy
Guest Post by MaryEllen from Centsible Savings
While picking up my milk for the week, I stopped to consider how many people might wonder why I was digging all the way to the back of the refrigerated section. Then I started thinking about how easy it is for anyone to reduce their grocery budget just by following a few simple guidelines.
I’m not talking about spending hours every week clipping coupons and scouring the sale papers for deals. These are simple strategies that everyone can use to help keep their food costs down:
1. Look toward the back of the refrigerated section for the latest-dated milk, cheese, meat and other perishables. It certainly won’t help you cut expenses if your food goes bad and you have to throw it out and buy more.
2. Buy whole milk and mix it with water. It will taste different at first, but you’ll get used to it after a while. If you can bring your taste buds to agree to mixing your milk half and half with water then you’re getting two gallons for the price of one! (Note: Keep in mind that if you have young children, watering down your milk will affect the nutrition of it.)
3. If you’re buying individual fruits (e.g. apples, oranges, etc.) by the pound, pick out the smallest ones. The total weight will be less, and therefore you won’t pay as much, but you won’t notice the difference when you’re eating your apple.
4. Shop early in the morning if at all possible. That is when you’ll find most of the marked down produce, meat, and bread. Even if you can’t shop in the morning, be sure to still keep an eye out for products that have been marked down.
5. Don’t buy too much produce at one time. Produce (especially if it has been shipped a long distance) will not last very long before it has to be thrown out. Try to buy only enough for about one week at a time.
6. If you find a good sale on something you normally buy that has an extended shelf-life or freezer life, stock up. Why wait until later and pay full price when you can buy several now at a much lower price?
7. Be creative and cook with what you have on hand. Make your weekly menus based on what is already in your pantry or freezer. Then you’ll just need to buy a few ingredients to fill in the gaps.
8. Make a list and stick to it when you shop. Unplanned “extras” add up very quickly.
9. Consider how badly you really need something. For example, it doesn’t really take any longer to make pancakes or biscuits from scratch than from a box mix. Yet those box mixes often quite a bit more than just buying the ingredients would cost. (Cooking from scratch is much better for your health, too!)
10. Use coupons. Like I mentioned earlier, I’m not talking about spending hours each week on clipping coupons and scoping out deals. But if something is on your list, you should at least check to see if there is a coupon out for it. A good place to check is the coupon database. You’ll be surprised at the difference fifty cents here and a dollar there can make!
What other tips or strategies for cutting your grocery bill would you add to this list?
(originally published in 2008) [...]
When your spouse asks you for a divorce, there are things you should do immediately to protect your personal and financial interests. It’s difficult to focus on money when your marriage is ending. And yet, it’s up to you to make sure that you reach a fair and equitable divorce settlement. You wouldn’t end a business partnership without first determining that all assets were... [...]
Looking for ideas for summer jobs for teens? I’ve compiled some of my favorite ideas to help you get your creative wheels turning!
You might also be interested in 5 Work-at-Home Jobs for Beginners and Over 40 Different Income-Earning Ideas.
Summer Jobs for Teens
Recently, a follower asked me if I had any ideas for some good summer jobs for teens. I asked my Facebook followers for their suggestions and they did not disappoint.
You can read the entire post with over 200+ comments here. I’ve picked some of what I felt like were some of the best summer jobs for teens submitted.
Hopefully this list will at least give you some ideas if you’re looking for some great summer jobs for your teen (or jobs they can do year-round!)
Of all the suggestions submitted, this one was the top one suggested! Michelle said: “Tutor!!! Summer us great time to offer reading tutoring. There are lesson plans out there and it is a great way to make $$$.”
Psst! Are you an adult who is interested in doing online tutoring? Check out the opportunity to teach online with VIPKID.
2. Teach Music Lessons
Andrea says: “My friend’s teenage daughter was an accomplished piano player by the time she was in high school and gave lessons as her ‘after school job’ to young kids/beginners. She taught my daughter for over a year. She did her lessons at the children’s homes and it was perfect – she didn’t have to have a ‘studio’ of her own and none of us parents had to worry about shuttling our kids somewhere for lessons!!”
By the way, this was something I did as a teen. I taught violin to a number of different students and it was such a good learning and growing experience for me! Oh and parents especially love if you’re willing to drive to their house and teach the lessons!
3. Pet Sit/Walk Dogs
Geri said: “My daughters both did pet sitting in their teens. They sat for everything from boa constrictors and hissing cockroaches to dogs and cats. They even took care of goats, chickens, cows, horses and other livestock. Not a skill set every teen has, but they grew up on our farm caring for our animals.”
If you love animals, you could also consider working for your local vet. Shannon said, “As a teen, I worked for my local vet clinic cleaning cages, walking dogs, washing laundry, mopping floors, etc. That turned into occasional and then part-time admin work plus assisting vets on house calls as I was just available and willing to learn. Got to interact with so many people and their pets!”
4. Referee Sports Games
This is one that we’re looking into having Kathrynne possibly do. Camille said: “My kids referee soccer. They could take the class once they turned 12. It’s been a great experience for all 3 of mine. They are responsible for submitting their availability online, accepting games, and communicating with their assignor.”
Andrea said: “My 14-year-old and 12-year-old referee soccer games! They don’t have time to earn as much as a regular job, but my 14-year-old bought himself his own computer after just a couple months of work last summer.”
Tracy also posted and said: “My 15-year-old has been doing this for 2 years. It is pretty decent income for that age. Having thick skin to ignore the fans helps.”
5. Babysit (& clean a little, too!)
Of course you knew this one had to be on the list! But take note of Melissa’s tip: “Babysitting will absolutely pay the most. If she interacts with the children, does the dishes and tidies up the house she’ll be in more demand and will earn more.”
And Celena said: “I have a hard time finding sitters who do more than the bare minimum. When I babysat in college, I always got massive tips and had people calling me all the time. I never understood why until I hired my first babysitter and came home after a late night out to a super messy house, dinner dishes still in the sink, and the sitter on the couch on her phone. Argh.”
I 100% agree! Go above and beyond and leave the house cleaner than you found it and you will likely have more jobs than you can take!
6. Wash Windows
Danna commented: “I’m a merit badge counselor for Boy Scouts in Entrepreneurship. I recently taught a merit badge clinic and one of the boys in the clinic runs a very successful business. He’s 14 and he washes windows. He started on his own house and his neighbors’ houses when he was 11. He advertises using referrals and NextDoor.com to keep jobs close to his home. At 14 he has 2 employees and makes about $400 a weekend that he works.”
7. Teach Classes
Have a skill you are good at or passionate about? Consider teaching a class for younger kids!
Hollie suggested this and said: “My daughter and her friend started a cooking class for kids ages 7-12. They did the class 3 times a week for 45 min to 1 hour. Kids could do a week or all 6 weeks. Each day was a different recipe/technique. All recipes were mom approved. They had a good turnout and really enjoyed themselves.”
A Few Bonus Ideas
Sell things you get for free: “My brother, last summer when he was 14, collected free things off of Facebook groups and Craigslist. He needed help from my mom to go collect the items, but when he got them home he cleaned them up and did his own yard sale/sold some things online. With the money he made, he was able to pay for a summer trip. He and my mom also like to do that by going to the thrift store. It’s amazing what you can find to resell. -Jaclyn”
Sell photos: “Also, if she has access to a smart phone, she can take and upload her photos to an app called “foap.” People who want digital images (like for blogs or small businesses, etc.) can buy a license to use her photos she uploads. Foap splits the purchase 50/50 and generally each license is $10 so she’d earn $5 per license sold. If one photo sells 20 licenses, that’s $100 in her pocket. -Crystal”
Become a Lifeguard: “My son got certified at the local YMCA and is a Life Guard. He is able to have a flexible schedule with school and the swim team. Works well for him. -Julie”
What other ideas for good summer jobs for teens would you add to my list? [...]
On June 25, 2019, the Commodity Futures Trading Commission published for comment a proposed amendment to CFTC Regulation 30.10. Part 30 of the CFTC’s regulations govern the offer and sale of foreign futures and options to customers located in the United States. Among other requirements, Regulation 30.4 requires any person that solicits or accepts orders for execution on a foreign board of trade and that, in connection therewith, accepts any money or securities to margin any resulting contracts, to be registered with the CFTC as a futures commission merchant (FCM). Regulation 30.10 authorizes the CFTC to exempt from registration as an FCM any person located outside of the U.S. that the CFTC finds is subject to a comparable regulatory structure in the jurisdiction in which it is located. Requests for exemption are generally filed by a non-U.S. regulatory authority or self-regulatory organization on behalf of their registrants.
Although the CFTC reserves the right to condition, modify, suspend, terminate, withhold as to a specific firm or otherwise restrict any exemptive relief it grants under Regulation 30.10, the regulation currently does not provide a specific course of action should the CFTC determine that exemptive relief is no longer warranted. To address this issue, the proposed amendment to Regulation 30.10 would provide that the CFTC may terminate exemptive relief if, after appropriate notice and an opportunity to respond, the CFTC determines that: (i) there has been a material change or omission in the facts and circumstances pursuant to which relief was granted; (ii) the continued exemptive relief would be contrary to the public interest or inconsistent with the purposes of the exemption; and (iii) the information-sharing arrangements no longer adequately support exemptive relief.
Interestingly, in describing circumstances in which it could determine to withdraw a Regulation 30.10 exemption, the CFTC notes that it could take into account a lack of comity relating to the execution or clearing of any commodity interest subject to the CFTC’s exclusive jurisdiction. This appears to be the first time that the CFTC has stated that lack of comity could be a factor in determining whether a Regulation 30.10 exemption would be appropriate.
The comment period will end 30 days after the proposal is published in the Federal Register.
A full copy of the press release is available here. [...]
This post may contain affiliate links. Read my disclosure policy here.
These Crayola Colored Pencils are perfect for coloring!
Amazon has these Crayola Colored Pencils, 120 count for only $15.37 right now!
This is the lowest price on record! A great gift idea!
Sign up for a free trial of Amazon Prime to get free 2-day shipping. And don’t forget you can sign up for Swagbucks to earn free gift cards to use on deals on Amazon.
Thanks, ChaChingOnAShoestring! [...]
On May 1, 2019, Capital One added JetBlue to its list of airline reward transfer partners. To celebrate, Capital One is adding a 50% bonus to point transfers made through May 31, 2019. This boosts the redeemable ratio from 2 Venture Miles for 1 TrueBlue point to 2 Venture Miles for 1.5 TrueBlue points. In...
Amanda Johnson is a writer at NerdWallet. Email: email@example.com.
The article Capital One Adds JetBlue to Airline Transfer Partners with Limited-Time Bonus originally appeared on NerdWallet. [...]