The SEC announced yesterday that it settled with three auditors who were alleged to conduct improper audits on a number of publicly traded companies that were shells or development stage companies. The Commission has been stepping up enforcement against "gatekeepers" such as accountants and attorneys...
While always complaining about being underfunded, the staunch public servants at the US Securities and Exchange Commission will be able to stay open for a bit during the just commenced government shutdown resulting from Congress' failure to pass appropriate spending bills. According to Time online, an...
Billionaire, "Shark Tank" star and pro basketball impresario Mark Cuban is bringing a little Hollywood celebrity to the drab world of insider trading. The SEC believes he illegally traded stock in Momma.com back in 2004 based on nonpublic information. The case was thrown out in...
By far the most common reason companies seek to go public is to access capital for growth. It is also very likely the first thing a going public advisor will discuss, namely his or her ability to assist you in bringing in that needed financing....
Running a business is exhausting for a plethora of reasons. One common scenario in which entrepreneurs become burned out is when things don’t go exactly according to plan. It is not wrong to assume that, as an entrepreneur, you have the perfect vision for the...
Tomorrow is the big day. On September 23, the new SEC rules ending the ban on general solicitation in certain private securities offerings, mandated by the Jumpstart Our Business Startups (JOBS) Act, become official. As long as you limit ultimate purchasers of securities to "accredited...
I don't know why they call meetings about the future of a company a "retreat." It reminds me of the late famed comedian George Carlin's questions about words. "At any rate. What does that mean? How about 4 and a half percent?" "Why does the...
Technology is a wonderful thing. Smart phones are a wonderful thing. Being able to call, text, email, or even Skype almost anyone at any time is truly a wonder. Unfortunately, with that said, smart phones can be a huge distraction from work. Whether you are...
LinkedIn is a great resource for entrepreneurs looking to build their professional network! Connect with me on my personal LinkedIn here: http://www.linkedin.com/profile/view?id=2437667&trk=nav_responsive_tab_profile Want to be part of an online network of Seasoned Entrepreneurs? Join here: http://www.linkedin.com/groups/Seasoned-Entrepreneurs-4874985?gid=4874985&mostPopular=&trk=tyah&trkInfo=tas%3Aseasoned%20entre...
If you enjoy experiences in which you feel your head can explode, let someone knowledgeable and objective talk to you about all the different ways a company can go public. IPO. Self-underwriting. Self-filing through Form 10. Self-filing through Form S-1. Reverse merger with trading shell,...