This week the House Financial Services Committee appeared to approve a bunch of bills designed to help small companies and create a logical follow up to the Jumpstart our Business Startups (JOBS) Act of 2012 which got the ball rolling. The final vote tally will...
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...
In a stunning reversal from over a decade of ruling differently, last Friday the SEC released a "no-action" letter saying it will not go after intermediaries in merger & acquisition transactions for failure to register as a broker-dealer even if they receive a commission equal...
Happy almost New Year everyone (except if you are in Sydney where it is already 2014)! I spent part of my holiday reading the 300+ page SEC proposal to overhaul Regulation A. My grade: Regulation A+ gets very close to an A+ on substance. If...
I am just starting to get through the recently released 300+ page rule proposal from the SEC on so-called "Regulation A+." The Jumpstart our Business Startups (JOBS) Act required the SEC to change rules to allow simplified IPOs under old Regulation A to be more...
I spent yesterday in Washington attending the SEC's annual symposium on small business capital formation. Congress mandated about 25 years ago that the SEC hold this conference annually. There are panels in the AM and breakout groups in the afternoon that develop recommendations for the...
Led by Congressman Bill Huizenga (R-MI) and eight other sponsors (including one Democrat), this past Thursday the House Financial Services Committee unanimously approved HR 2274. The bill, known as the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2013, was originally introduced back...
Many entrepreneurs I know lament that their employees are not loyal to or respectful of them as boss. It is one thing to insist that workers firmly believe in the mission statement of the company to be motivated. It is another to demand loyalty, which I...
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...
As many of you know, I write a monthly column called "The Uncut Entrepreneur" for SmartCEO magazine. Check it out at www.smartceo.com! In any event, I had the pleasure today to attend a fabulous panel of entrepreneurs and investors talking about venture capital, the founder's...