Judge Holds Self in Contempt

It’s good when the man in robes is true to his word. According to the ABA Journal online, Michigan judge found himself in his own hot water recently when a cellphone went off in his courtroom. It turned out it was his new phone, and he hadn’t yet figured out how to set it to

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Law School 3rd Year: Another Option?

Lots of discussion in recent months centering around NY’s considering allowing law students to sit for the bar exam after two years of law school, and then commence their careers if they pass. As we know law school applications are way down and a major reason for that is the substantial cost of the three-year

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With New SEC Chair, Rules Soon?

  Mary Jo White was sworn in as the new Chair of the SEC on April 10 following the unanimous consent of her appointment by the US Senate.  Like her predecessor, Ms. White prefers to be called Chairman. Chairman White has quite the agenda before her. Dodd-Frank rulemakings. Jumpstart Our Business Startups (JOBS) Act rulemakings. Getting

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Welcome to Our New Home!

I’m thrilled to be launching this new blog, something I’ve been planning for quite a long time. After blogging about reverse mergers and related topics for so long, in this new home I’m expanding my commentary to include entrepreneurship, the US and world economy and stock markets, the small and microcap markets, the US Securities and Exchange

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Nasdaq Proposes Mandatory Internal Audit Function

At the end of March, the Nasdaq Stock Market proposed requiring a permanent internal audit function at all Nasdaq-listed companies to ensure that financial controls are adequate. This is already a requirement of companies listed on the “big board” of NYSE Euronext. As we know, the Sarbanes-Oxley Act of 2002, passed in the wake of

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Smallcap World Still Struggling

According to the DealFlow Report, the first quarter of 2013 has remained weak in financings for smaller public companies. IPOs, venture deals PIPEs and reverse mergers all declined. Follow-on public offerings, however, did go up. Liquidity is the word of the day as investors would rather know that they can immediate trade the shares they

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Equity Crowdfunding Platforms Exempt from Broker-Dealer Registration

                    Websites run by AngelList and FundersClub were told recently by the SEC that they can help companies raise money without being registered as broker-dealers with the SEC. The sites limit access to deal information to “accredited investors” (at least $200,000 income or $1 million net

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Entrepreneur Tip of the Week: Find Your “Me” Time

Work/life balance (or as I like to call it work/less work balance) is critical to succeed in the marathon that is building an exciting company. In addition to spending time with family, it is very important to find time for the things you enjoy on your own to unwind and recharge. A nap, a spa

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