In a surprisingly granular discussion for the editorial page of the venerable New York Times, it seems the Old Gray Lady is not happy with new SEC Chair Mary Jo White. In an editorial entitled "You've Been Warned," the editors today sharply criticized Ms. White...
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...
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...
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...
The who's who of the small and microcap finance world are gathering at the Grand Hyatt Hotel in New York today for the second annual Marcum LLP Microcap conference. I'm moderating a panel on corporate governance, dozens of exciting, growing companies are making presentations, and...
A few weeks ago the Securities and Exchange Commission announced a new permanent head of its Division of Corporation Finance, Keith Higgins. He is currently a partner at the law firm Ropes & Gray in Boston and is expected to start in June. Also, interim...
We are again in record territory as the Dow Jones Industrial Average remains above 15,000. An amazing achievement considering back in March 2009 we were around 6,000 and as recently as last June down around 12,000. Guess those were the times to be buying! There are...