Last week the SEC announced a formal task force charged with reducing fraud in the microcap stock space. According to their release the task force will "investigate fraud in the issuance, marketing, and trading of microcap securities." They are especially focusing on companies that do...
I am headed to the Windy City tomorrow to attend the annual summer conference of the Alliance of M&A Advisors (AM&AA). You can still register here: http://www.amaaonline.com/node/20083 I have been a speaker at this conference and it is always a huge success, with hundreds of guests and...
According to The DealFlow Report, the SEC, in a court filing in its case trying to force a Deloitte affiliate to allow review of its audits of Chinese companies, expressed concern that the Chinese government will not grant greater access to Chinese firms auditing US...
Caption: SEC Chair Mary Jo White The SEC today announced that it was suspending the trading in 61 Pink Sheet traded shell companies from today through June 14, 2013. This is the second batch of suspensions, having done the same for 379 shell companies last year....
A somewhat underreported section of the Jumpstart Our Business Startups (JOBS) Act relates to what many are now calling Regulation A+ (I acknowledge coining the name at an SEC small business conference). The idea is to enhance the attractiveness of SEC Regulation A. Currently, Regulation A...
The DealFlow Report tells us that the year and a half old case brought by the Securities and Exchange Commission against the Chinese affiliates of major accounting firms still continues. The latest activity: Deloitte lost a motion to delay the case against them until the case against...
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...