As reported by my friend and attorney Scott Gluck, the House last week started hearings on the next generation of JOBS-type relief for smaller companies, fashioned after the original Jumpstart Our Business Startups (JOBS) Act of 2012. The "JOBS 2.0" hearing discussed a number of...
As many know, when the SEC passed rules allowing companies and private funds to use general solicitation and advertising in certain private securities offerings as mandated by the Jumpstart Our Business Startups (JOBS) Act, they also proposed a series of rules that would add investor...
Bloomberg reports today that the SEC plans to announce long-awaited proposed rules on "crowdfunding" next week. There is no notice yet on the SEC website, but apparently the news outlet heard from those in the know. The Jumpstart our Business Startups (JOBS) Act of 2012...
The saying, "a pox on both your houses," believe it or not, comes from Shakespeare's Romeo and Juliet way back in 1592. The feuding Montague and Capulet families frustrated Mercutio, who said as he was dying, "A plague o' both your houses!" Having survived chicken pox...
While always complaining about being underfunded, the staunch public servants at the US Securities and Exchange Commission will be able to stay open for a bit during the just commenced government shutdown resulting from Congress' failure to pass appropriate spending bills. According to Time online, an...
Tomorrow is the big day. On September 23, the new SEC rules ending the ban on general solicitation in certain private securities offerings, mandated by the Jumpstart Our Business Startups (JOBS) Act, become official. As long as you limit ultimate purchasers of securities to "accredited...
It just came over the wires that social media company Twitter has filed a registration statement with the SEC to go public in an IPO. They told the world about it, of course, in a tweet. What's interesting is that the company, with over 200...
Believe it or not, it was five years ago this week that Lehman Brothers, then one of the largest Wall Street houses, fell apart. In the week or two after the largest bankruptcy filing ever ($600 billion in assets) on September 15, 2008, tremendous fear...
With market indices rallying to all-time highs this summer, investors seem to be betting on a recovering U.S. economy. But more and more pundits are warning that the market may be over-hyping the still somewhat limited real growth in the economy. The U.S. unemployment rate declined...
My law firm is based in Los Angeles and I spend quite a bit of time there. When you arrive at a restaurant, it's easy to know when celebrities are inside. The paparazzi are outside. Of course celebrities have a love/hate relationship with the probably...