Will the SEC Budget Double?

Pres. Obama has recently declared that he’d like to see the budget for the Securities and Exchange Commission, as well as the Commodities Futures Trading Commission, double in the next five years. Of course as we know he will be out of office in less than a year, and the budget he is now requesting

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House Passes More Small Business Bills

Last week the House of Representatives passed seven bills focused on small business that had come from the Financial Services Committee. They now move to the Senate. Here’s a brief summary of 3 of the bills. First, the SEC Small Business Advocate Act (H.R. 3784) establishes a permanent semi-independent Office of the Advocate for Small

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Elio Ready as First Reg A+ Deal to Close

Elio Motors CEO Paul Elio must be pretty happy. According to Growth Capital Investor, he has apparently raised about $17 million through his Regulation A+ Tier II offering and is getting ready to close and start trading on the OTCQX. He says he will need a few hundred million to launch his innovative and inexpensive

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Winter Shuts the IPO Window

It’s pretty rare but it happened. In January, there were zero IPO pricings. That hasn’t happened since 2011. But there is hope for private companies seeking an orderly path to exit for investors. First, of course every time the IPO window shuts, it eventually opens again. Second, these days there are alternatives! Let’s explore a

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Stones that Mark

They date back to the Roman Empire and originally referred to stones in the innovative Roman road system letting you know each mile that passed back when a few miles’ travel per day was an achievement. Over the years, however, the term “milestone” has also become defined as “an important event, as in a child’s

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Crowdfunding Portals: Ready to Register

As we know, Title III of the Jumpstart Our Business Startups (JOBS) Act of 2012 set up a system for companies to raise up to $1 million from any number of investors, whether or not accredited, without SEC registration of the offering. All offerings must be through an SEC-registered broker-dealer or an “investment portal,” a

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Is “Drone Slayer” Liable for Damages?

The ABA Journal reports about the cutting edge case against one William Merideth in Kentucky. A drone owned by John Boggs was flying over Merideth’s property. Merideth shot it down. Boggs sued for $1500 in damage. So the legal question: who owns the air rights above Merideth’s property? Was Boggs trespassing or using space subject to federal

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Register Your Trademark in Cuba Now!

At our law firm’s panel in Miami on “Cuba in Plain English” the other day, I learned something quite fascinating from one of my very able intellectual property partners. Here it is: anyone can register any trademark in Cuba, even if they haven’t used it in Cuba, even if someone else owns and uses it in

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SEC Issues Interim Rules on FAST Act

I’m reminded of the late great comic George Carlin and his love for words and needling the establishment. During his standup on the first episode of Saturday Night Live, he famously quipped, “The term jumbo shrimp has always amazed me. What is a jumbo shrimp? I mean, it’s like military intelligence – the words don’t go

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Public Cannabis World Strengthening

The cannabis world continues to expand, mostly with small steps but positive nonetheless, and this is especially true for publicly held companies in the marijuana space. That’s what I learned at the Viridian Capital cannabis investor conference today here in New York, where I gave a talk on how Regulation A+ IPOs could now be

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