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...
The SEC's website makes it official. Tomorrow at 10am Eastern time the SEC will: "consider whether to propose rules and forms related to the offer and sale of securities through crowdfunding pursuant to Section 4(a)(6) of the Securities Act of 1933, as mandated by Title...
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...
As we know, Washington State recently approved the recreational use of marijuana, official as of December 1. As we also know, doing so remains a federal crime. This has caused a number of thorny issues for those in the business of growing and selling pot....
A Dallas jury has ruled that billionaire Mark Cuban was not guilty of insider trading of stock of Momma.com back in 2004. The SEC had alleged that Cuban agreed in a phone call with the Company's CEO to keep information about a pending stock offering...
If you are working with a company that is offering to help you go public, hopefully you will insist on a variety of references. In prior posts we talked about meeting the last three CEOs that this advisor helped. This gives you a sense of...
They say there is no such thing as a free lunch. In Wall Street that is true for sure. So if you are considering going public through an advisor who specializes in helping companies do so, it is very important to understand what fees or...
Many entrepreneurs and aspiring entrepreneurs fantasize about leaving their corporate lifestyles behind in order to become their own boss. I did this relatively early in my legal career when I opened up my own firm. For the first six months it was literally just me....
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...