Stop Orders for Securities Registrations

What this video covers

• The two-prong test for stop orders: public interest plus a specific statutory ground, and why both are always required
• The nine statutory grounds, including the filing-fee trap (denial only, must vacate when paid) and the willful violation versus false/incomplete filing distinction
• Why a summary postponement lets the Administrator freeze an offering instantly with no prior hearing, and when the 15-day hearing clock actually starts
• The three elements of full due process for standard stop orders: prior notice, opportunity for a hearing, and written findings of fact and conclusions of law
• The 30-day retroactive limit for securities registrations on facts already known at effectiveness, and how it differs from the 90-day limit for person registrations on disclosed prior orders
• Why newly discovered facts face no time limit at all, and how that breaks the 30/90-day pattern on exam day
• The Administrator's power to modify or vacate a stop order when conditions change or the public interest supports reversal