Very good news: the DC Circuit today rejected the effort by two states (Massachusetts and Montana) to invalidate the SEC's rules enacted to implement Regulation A+ and Title IV of the Jumpstart Our Business Startups (JOBS) Act of 2012. We are waiting to review the...
The SEC's Advisory Committee on Small and Emerging Companies, co-led by Sara Hanks (left), met the other day to talk about how to update the definition of "accredited investor" following a detailed report issued by the SEC back in December. As we know, only accrediteds...
Last week the SEC proudly announced the completion of its rulemaking obligations under the Jumpstart Our Business Startups (JOBS) Act of 2012 and the mini-JOBS Act 2.0 tacked onto the Fixing America's Surface Transportation (FAST) Act. The last rules had to do with implementing the...
According to the Associated Press and others, the process of filling the two open SEC Commissioner positions is being held up primarily because of the nominees' views on whether public companies should disclose their political spending. Key Senators have asked both Lisa Fairfax, the nominee...
According to Crowdfund Insider, spring will be a key season for the lawsuit brought by two US states to challenge the SEC rules adopted under the Regulation A provisions of the Jumpstart Our Business Startups (JOBS) Act of 2012. On April 14, final oral arguments...
An historic day yesterday as the US and Cuba signed a memo of understanding to allow scheduled air traffic to resume between the two countries after more than 50 years. Until now only charter planes could do so. Now we may see more than 100...
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)...
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...
What a year this was! As my law firm gets ready to host hundreds of people for its annual New Year's Eve event (we have a perfect view of the ball drop in our Times Square office), I'm thinking about how much has happened in...