The SEC minutes ago in an open hearing finally adopted rules required by the Jumpstart Our Business Startups (JOBS) Act to end the ban on general solicitation and advertising in private offerings of securities under Regulation D Rule 506 offerings. This will only be permitted...
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...
While most of us were headed away for the July 4th weekend, the SEC announced that they will hold an open meeting on July 10, among other things, to decide whether to adopt rule changes to end the prohibition on general solicitation and advertising in...
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...
Sharespost, an online platform for buying and selling stock in private companies (like Twitter, etc.) is getting closer to launching its private company platform joint venture with Nasdaq which was announced in March. This is a pretty big deal because it is a major public...
A new SEC Chair has been in place for several months and her key top advisors are also now ensconced. She acknowledges the obligation of the Commission to attend to a variety of statutorily mandated rulemakings under both the Dodd-Frank Act and the Jumpstart our...
As we know, the Dodd-Frank Act required advisors to larger private equity and hedge funds to register with the SEC. The real focus of this was on hedge fund advisors, to bring them out of the shadows and let the SEC know what they are...
One of those emails that goes around says, “If you remember this stuff you were raised in the 1930s to the 1970s..” One that always sticks out to me: “Little league had tryouts and not everyone made the team. Those who didn’t had to deal...
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....
President Obama last week nominated two senior US Senate aides to replace one Democratic and one Republican commissioner of the Securities and Exchange Commission. As we know, there are 5 commissioners, two from each party and then the fifth is a chair from the party...