We looked at the Ralston Purina case last semester (and every fall semester for the past 16 years) where the SEC slapped Ralston Purina around for selling unregistered securities to its own employees.  Here is a nice summary of how to accomplish that goal and keep the SEC happy.

https://www.lexology.com/library/detail.aspx?g=cb1ccb8e-62cf-495c-883a-18ad40cebcd4&utm_source=lexology+daily+newsfeed&utm_medium=html+email+-+body+-+general+section&utm_campaign=calbar+business+section+subscriber+daily+feed&utm_content=lexology+daily+newsfeed+2019-03-06&utm_term=