New SEC Chairman Mary Jo White announced a rare thing, two co-heads of the Enforcement Division of the SEC. These are the guys that go after alleged bad guys through civil lawsuits. As we know, any criminal securities cases are brought by the US Justice...
Get ready for judges tweeting! According to the ABA Journal, an American Bar Association committee has approved allowing judges to participate in electronic social media or ESM. As a result, a judge can now get on Facebook, Twitter, LinkedIn, etc. This can be especially helpful for judges...
The Securities and Exchange Commission's advisory committee on small and emerging companies is holding its next open meeting this Wednesday, May 1, 2013. Speakers include the CEO of Nasdaq, the CEO of WR Hambrecht & Co and the CEO and the NYSE Euronext. An august...
I remain determined in my quest for the major stock exchanges to consider some alterations to the reverse merger “seasoning” requirements instituted in November 2011. As we know, these restrictions were added primarily in response to allegations of fraud in a number of Chinese companies...
It's good when the man in robes is true to his word. According to the ABA Journal online, Michigan judge found himself in his own hot water recently when a cellphone went off in his courtroom. It turned out it was his new phone, and...
Lots of discussion in recent months centering around NY's considering allowing law students to sit for the bar exam after two years of law school, and then commence their careers if they pass. As we know law school applications are way down and a major...
Mary Jo White was sworn in as the new Chair of the SEC on April 10 following the unanimous consent of her appointment by the US Senate. Like her predecessor, Ms. White prefers to be called Chairman. Chairman White has quite the agenda before her. Dodd-Frank...
The "avoid the fiscal cliff" bill, known as the American Taxpayer Relief Act of 2012 and passed back in January, had an important provision that many seem to have overlooked. An exemption from all federal capital gains tax for qualifying “small business stock” (under Section 1202 of...
I'm thrilled to be launching this new blog, something I've been planning for quite a long time. After blogging about reverse mergers and related topics for so long, in this new home I'm expanding my commentary to include entrepreneurship, the US and world economy and stock markets,...
Of course we are all happy that the stock market has been hitting new highs these past weeks. It has been a long road back from 2009 when the market had less than half its current value. The M&A market is awake, lots of large...