The Basile Law Firm P.C.

The Basile Law Firm P.C.

Law Practice

JERICHO, NY 3,677 followers

Securities Litigation and Public Company Restructuring Law Firm

About us

The Basile Law Firm P.C. is recognized in the public markets as one of the nations foremost securities litigation firms defending small public companies in complex financial litigation across the country. The Basile Law Firm P.C. is a public company restructuring and securities litigation firm with offices in Dallas, New York and Naples, focusing on helping public companies trading on the OTC Markets, NASDAQ and the New York Stock Exchange unwind bad financial deals that have destroyed shareholder value and corporate capitalization. The Basile Law Firm P.C. is focused on rehabilitating public companies from the disastrous effects of toxic convertible notes that use a public company’s stock to repay the obligation. Since market adjustable securities use the public companies stock price at the time of repayment, continued partial repayments through note conversions create a death spiral situation that rapidly plummets stock prices and decreases corporate valuation. Our investigations and experiences in securities litigation with these funders on behalf of small public companies revealed that most of these so-called “investment funds” have not registered with a Self-Regulatory Organization such as FINRA, as the securities laws require. If the funder operates a business buying and selling securities for its own account, the Securities and Exchange Act of 1934 requires them to register. Registration provides oversight and compliance in the marketplace and is the keystone of the securities laws. Our investigations have also revealed that some law firms, as well as transfer agents, ignore warnings from securities lawyers that claim certain transactions violate the Exchange Act because the business is so profitable. Our firm's recommendations to state legislative bodies are causing positive market adaptive proposed changes to those states usury laws, as well as his recommendations and work with the Securities and Exchange Commission on dealer-registration

Industry
Law Practice
Company size
51-200 employees
Headquarters
JERICHO, NY
Type
Privately Held
Founded
1968

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