A new omnibus spending bill announced by US lawmakers contains an interesting provision: "None of the funds made available by any division of this act shall be used by the Securities and Exchange Commission to finalize, issue or implement any rule, regulation or order regarding the disclosure...
Congress has had some good blood flow this month when it comes to smaller public companies and small business. On top of the FAST Act bill we reported on yesterday, the House Financial Services Committee has now approved six new bills on a strongly bipartisan...
Updated 2:39pm on 12-9-2015 They got tucked into a transportation bill (Fixing America's Surface Transportation Act or the FAST Act), but with a deft set of amendments the Reforming Access for Investments in Startup Enterprises Act of 2015 (or the RAISE Act) and other small business initiatives...
As I have for many years, last week I attended the SEC's annual business conference on smaller companies in our nation's capital. Always love my trips to DC- I especially liked when my breakfast waiter called me Senator (flattery gets you a good tip)! Now...
A series of questions comes with the news last week that for the third time in the last year a well-known microcap securities lawyer has been arrested and charged with securities fraud. What is the responsibility of an attorney representing a public company or investors...
It was in many ways the centerpiece of the Jumpstart Our Business Startups (JOBS) Act of 2012. At the signing ceremony all the President could talk about was the idea of "bringing Wall Street to Main Street." And while the JOBS Act has many other...
Earlier this month, the US House of Representative unanimously passed H.R. 1839, known as the Reforming Access for Investments in Startup Enterprises Act of 2015 or the “RAISE Act of 2015.” What is this you say? Well it clarifies that if you own non-publicly tradeable shares...
Last week, the US Supreme Court said it would not hear a case in which the appeals court overturned two insider trading convictions. By refusing to hear the case, they effectively let stand the decision below, which many say will make it much tougher to...
According to Bloomberg, the Native Americans are getting ready to accept cash earned by cannabis growers and sellers who are not able to deposit it in regular banks due to the still federally illegal nature of what they are doing. The report indicates that only...
As we know, the new Regulation A+ rules passed by the SEC preempt state review of public offerings under its newly designed Tier II for offerings up to $50 million. States still can, however, require a "notice filing" of the offering materials, much as is...