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...
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...
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...
While always complaining about being underfunded, the staunch public servants at the US Securities and Exchange Commission will be able to stay open for a bit during the just commenced government shutdown resulting from Congress' failure to pass appropriate spending bills. According to Time online, an...
Billionaire, "Shark Tank" star and pro basketball impresario Mark Cuban is bringing a little Hollywood celebrity to the drab world of insider trading. The SEC believes he illegally traded stock in Momma.com back in 2004 based on nonpublic information. The case was thrown out in...
By far the most common reason companies seek to go public is to access capital for growth. It is also very likely the first thing a going public advisor will discuss, namely his or her ability to assist you in bringing in that needed financing....