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...
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)...
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...
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...
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...
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...
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...
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...
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...
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...