It is about all anyone is talking about, understandably. Mostly the fear of the unknown and the inconsistent messaging from some officials are driving the intense focus on the coronavirus, which has now been labeled a global pandemic. What we know for sure is how...
The big guys get hit and sanctioned for improper activity in the securities world. Big banks and investment banks all pay for misdeeds, some callously viewing it as simply a cost of doing business. The Enron and WorldCom scandals, among others, taught us that big...
Like the rise and fall of some Hollywood stars, the reverse merger has faced both criticism and popularity over the decades. Through the 2000s many of us successfully showed the market how these combinations into non-operating public vehicles (including special purpose acquisition companies, or SPACs),...
There was a time in the 2000s during the boom of Chinese companies' entering the US public markets when executives visiting from the PRC knew only one thing in English: "OTCBB." Officially known as the OTC Bulletin Board and owned and operated by the Financial...
A fascinating recent piece in the New York Law Journal talks about the many dismissals of class action cases against US public companies based in China for alleged fraud. The cases say that because these companies' regulatory financial filings in China are sometimes different than the...
I'm reposting and updating the below, which first appeared here nearly a year ago. I remain determined in my quest for the major stock exchanges to consider some alterations to the reverse merger “seasoning” requirements instituted in November 2011. As we know, these restrictions were added...
It looks like the small cap market just finished its strongest half year since 2008. That's good! According to The Deal, IPOs doubled, private investments in public equity (PIPEs) are up as are special purpose acquisition companies (SPACs), and additional public offerings by already public companies...
My fellow Wharton School graduate Donald J. Trump, Jr. has won a big victory in a case brought against him by a contestant in the Miss USA contest in 2012. (Some of you know I was the Chair of Wharton's worldwide alumni association for years)....
According to The DealFlow Report, the SEC, in a court filing in its case trying to force a Deloitte affiliate to allow review of its audits of Chinese companies, expressed concern that the Chinese government will not grant greater access to Chinese firms auditing US...
The DealFlow Report tells us that the year and a half old case brought by the Securities and Exchange Commission against the Chinese affiliates of major accounting firms still continues. The latest activity: Deloitte lost a motion to delay the case against them until the case against...