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 have to have a public trading float value below $75
In a move seen by many as a major positive for the burgeoning cannabis industry, Microsoft has publicly announced a partnership with a software company in the space. That company, Kind, has developed software that helps state governments track growers’ and sellers’ compliance with their rules. Microsoft will work with them on that venture. Kind
I have now had a chance to read the 23-page, very well-written, clear and concise DC Circuit court opinion on the Reg A+ challenge brought by two states. The ruling started with a brief history of securities law, how it started with the states but moved to add federal oversight after the 1929 market crash.
Very good news: the DC Circuit today rejected the effort by two states (Massachusetts and Montana) to invalidate the SEC’s rules enacted to implement Regulation A+ and Title IV of the Jumpstart Our Business Startups (JOBS) Act of 2012. We are waiting to review the actual decision, but the court’s decision, written by Judge Karen
June 19 will be one year since the effectiveness of the SEC’s new rules on Regulation A+ under the Jumpstart our Business Startups (JOBS) Act of 2012. So what’s happened in the interim? According to information I very recently received: 99 deals filed, of which 55 were Tier II and 44 were Tier I (effectively under
We on Wall Street like to think we do important things. Some say it’s just moving money from one pocket to another. Others say we are helping finance the next cancer cure or solution to climate change or game-changing new technology. But in the end it all pales as against the life of the ordinary
A new analysis done by Bloomberg tells us what many have been saying for a long time. Female entrepreneurs simply don’t get their fair share of venture capital dollars, at least in the tech world where they did their research. On average they got 77% as much as men. Bloomberg points out this is slightly
In a significant but not entirely unexpected or surprising blow to the cannabis industry, the Nasdaq stock market has decided to reject the attempt by MassRoots, a social networking site for cannabis enthusiasts, to list on their exchange. The reason: because they may be deemed to be aiding and abetting a federal crime in the distribution
The SEC’s Advisory Committee on Small and Emerging Companies, co-led by Sara Hanks (left), met the other day to talk about how to update the definition of “accredited investor” following a detailed report issued by the SEC back in December. As we know, only accrediteds are permitted to invest in certain types of securities offerings.
It took four years since the passage of the Jumpstart our Business Startups (JOBS) Act, but it is finally here. Regulation Crowdfunding, approved by the SEC back in October, is now officially in effect. Companies can work with a broker-dealer or registered online portal to raise up to $1 million per year from an unlimited