Here's a free one for my investor and venture capital friends. More and more serious players are lining up to get ready for IPOs under the new Regulation A+. We are about to see companies go public through Reg A+ directly onto national exchanges. Noted...
In a major positive step for the cannabis industry, the New York Stock Exchange last week listed a new real estate investment trust called Innovative Industrial Properties (NYSE:IIPR), the first cannabis company to be listed on a US national exchange. The company plans to invest...
Sounds like a boring title so I don't blame you if you want to skip this one, but of course I hope not! Tomorrow is Thanksgiving here in the US. A uniquely American holiday as I have written in the past here and here. But few...
I was honored Thursday to speak on a panel at the SEC's annual small business capital formation forum. I also co-moderated a breakout session developing recommendations to improve regulation of smaller reporting companies. My talk on the panel provided an update on Regulation A+ and...
As the fallout from the election of President-elect Donald Trump continues, Obama-appointed SEC Chair Mary Jo White announced yesterday that she will leave the SEC when Obama leaves office, though her term doesn't end until 2019. Chair White is an independent and while she has...
Somewhat lost in the shock of President-elect Trump's win yesterday was some great success in 8 states voting on medical or recreational cannabis legalization. Only Arizona turned down their proposition on recreational pot. But Massachusetts, California and Nevada all approved allowing recreational use by adults....
Today I'm attending the Practising Law Institute's Securities Regulation Institute, the annual educational gathering of mostly big law firm securities lawyers. Keith Higgins, the SEC's very capable head of Corporation Finance, disclosed some interesting stats on how Regulation A+ is going. So far, since the new...
A little known and little used part of Regulation D under the Securities Act is about to get some new attention. In what appears to be a gift to the states after somewhat eviscerating their power with the Regulation A+ changes, the SEC, on October...
Here's one clearly unanticipated benefit to the explosion of Facebook, Twitter, LinkedIn and the like. US courts are now allowing you to serve papers on a foreign defendant in a lawsuit via their social media account or email. The most recent one, according to the ABA...
Innovative Industrial Properties Inc. is planning to be a real estate investment trust. Its mission, as disclosed in its SEC filing last week for its planned IPO, is to be "focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed...