Continuing my exodus from the annoyingly lingering New York winter, I am on my way to beautiful Laguna Beach, CA for the annual Roth Capital Conference. Richardson & Patel, my law firm, is sponsoring and I'm excited for the networking, education, friendships and entertainment (Weazer...
After unanimously sailing through the House Financial Services Committee back in November, the full House of Representatives, in a lopsided 412-4 vote, last week passed HR 3448, known as The Small Cap Liquidity Act of 2013. The bill now moves to the US Senate for...
Andrew Greene is the lawyer who was in charge of corporate finance at defamed brokerage firm Stratton Oakmont, depicted in the hit movie "The Wolf of Wall Street". As we know the movie is based on the book of the same name by convicted felon...
I am just starting to get through the recently released 300+ page rule proposal from the SEC on so-called "Regulation A+." The Jumpstart our Business Startups (JOBS) Act required the SEC to change rules to allow simplified IPOs under old Regulation A to be more...
As the stock market continues its strong surge another milestone today as the Nasdaq Composite Index closed above 4000 for the first time since 2000. The Nasdaq is up 33% this year, more than the other key market indeces. The tech stocks in particular have...
Many intermediaries and consultants who assist companies in the going public process offer a "turnkey" solution that includes helping bring you the entire team necessary to complete the steps to a public trading stock. When interviewing potential advisors, ask whether they do recommend other professionals...
The House Financial Services Committee has been busy for sure! Last week they unanimously (57-0) approved and sent to the full House HR 3448, known as The Small Cap Liquidity Act of 2013. The key sponsor: Rep. Sean Duffy (R-WI). The bill is seen by...
Back in 1988, the US Supreme Court opened the floodgates for class action claims by shareholders against public companies. In a case called Basic v. Levinson, the Court ruled that you could be an official class suing a company for misrepresentation even if you haven't...
I have found that, while not absolutely critical, it can be very helpful in working with advisors who assist companies in going public if they have some knowledge and experience of the industry in which you operate. For certain members of the team you need...
Social media giant Twitter starts trading following its IPO today. One hopes the lessons of the Facebook IPO debacle are learned. In fact Facebook is now trading $14 above its IPO price, after a very disappointing start. Plus Twitter is choosing a day following a...