Last November, the SEC held its annual conference focused on small business in Austin, TX. Most of the conference consists of participants developing recommendations to the SEC. Those recommendations are then ranked by the participants and published, which they have recently done. The recommendations from...
Got your attention? No it's not April 1 anymore so this is serious. But actually no big deal. Last Friday the SEC adopted some rules mandated by the Jumpstart Our Business Startups (JOBS) Act of 2012. Among them: implementing the use of the term "emerging...
A number of liberal groups filed a lawsuit today to challenge Pres. Trump's January 30 executive order that for every new regulation an agency must eliminate two old regulations. The lawsuit says it requires agencies to be "arbitrary," which they would not be allowed to...
Here's a free one for my investor and venture capital friends. More and more serious players are lining up to get ready for IPOs under the new Regulation A+. We are about to see companies go public through Reg A+ directly onto national exchanges. Noted...
I was honored Thursday to speak on a panel at the SEC's annual small business capital formation forum. I also co-moderated a breakout session developing recommendations to improve regulation of smaller reporting companies. My talk on the panel provided an update on Regulation A+ and...
As the fallout from the election of President-elect Donald Trump continues, Obama-appointed SEC Chair Mary Jo White announced yesterday that she will leave the SEC when Obama leaves office, though her term doesn't end until 2019. Chair White is an independent and while she has...
Today I'm attending the Practising Law Institute's Securities Regulation Institute, the annual educational gathering of mostly big law firm securities lawyers. Keith Higgins, the SEC's very capable head of Corporation Finance, disclosed some interesting stats on how Regulation A+ is going. So far, since the new...
A little known and little used part of Regulation D under the Securities Act is about to get some new attention. In what appears to be a gift to the states after somewhat eviscerating their power with the Regulation A+ changes, the SEC, on October...
I know too many people battling lyme disease. It is a misunderstood and wrongly made fun of illness. It generally comes from bad tick bites. If you treat it quickly with antibiotics it goes away. If you don't you can face a lifetime of challenges....
Sometimes they listen! The SEC today releases a proposal that would increase the number of companies eligible to be "smaller reporting companies." SRCs get the benefits of reduced disclosure over other public companies. Two years of financial statements instead of three, for example. Currently you...