Taking a company public is a significant step that transforms how it operates, particularly in terms of corporate governance and legal obligations. In Florida, as in other states, the shift from private to public status involves a series of legal, regulatory, and organizational changes that alter internal controls and external accountability.

Insider trading represents one of the most scrutinized violations under securities law. It refers to the act of buying or selling a security by someone who possesses material, non-public information about the security.