The big guys get hit and sanctioned for improper activity in the securities world. Big banks and investment banks all pay for misdeeds, some callously viewing it as simply a cost of doing business. The Enron and WorldCom scandals, among others, taught us that big...
According to The PIPEs Report (yes they are still around!), private equity funds active in the private investment in public equity (PIPE) market have raised quite a bit of money recently. The funds tend to have a big healthcare focus and invest in both public and...
As reported by Crowdfund Insider, Massachusetts and Montana filed their first "Opening Brief" in their case against the SEC trying to invalidate the regulations passed under Regulation A pursuant to the Jumpstart Our Business Startups (JOBS) Act of 2012. Essentially, they say the SEC overstepped its...
Interesting report in The New York Times today about the greatest challenge facing the advent of driverless cars. The effort, mostly driven (pun intended) by Google, seems to be going well overall as hundreds of cars have been tested for a number of years now....
They built our country. They helped businesses large and small grow and succeed. At times they fought valiant battles to be protected against all-powerful oligopolies and at other times criticized for alleged corruption and misalignment of interests with their employers. Maybe Labor Day, just a...
My fellow Wharton grad Marty Lipton, the scion of venerable M&A law firm Wachtell Lipton and inventor of the poison pill, is adding to the drumbeat of folks suggesting that quarterly reporting by public companies might be bad. Why? Because it forces companies to focus...
Sometimes good things happen to good people. In this case folks filing public offerings and other registrations with the SEC will see a reduction in filing fees. The agency made the announcement yesterday. As of October 2015, the start of the SEC's fiscal year, the...
Despite the SEC's attempt to force the court to reconsider, the US Circuit Court of Appeals for the DC Circuit this week reaffirmed its decision from last year that parts of the SEC's required disclosure by public companies of their involvement with "conflict minerals" is...
Enter Ross, a so-called "artificially intelligent attorney," which students at the University of Toronto developed, according to the ABA Journal. This is for real. The students worked with IBM and the Watson computer, you know, the one that won on TV's Jeopardy. Ross can learn...
Audit Analytics has done a fascinating review of the Securities and Exchange Commission's penchant for issuing comment letters after reviewing public companies' quarterly and annual filings on Forms 10-K and 10-Q (like the one Apple got above). The Sarbanes-Oxley Act of 2002 mandated the SEC...