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...
An already controversial part of the New York General Corporation Law, Section 630, makes the largest 10 shareholders of private New York corporations personally liable to employees if the company does not pay their wages. The provision has been around since the 1800s and was...
I call it "the List." Probably because that's what it is, the list of recommendations that those of us in the private sector make to the SEC at the annual Government-Business Forum on Small Business Capital Formation. The SEC is mandated by statute to hold...
How's that for an exciting blog post title? Actually for those of us slogging away on some old-fashioned pre-JOBS Act style private placements, the SEC no-action letter issued to Citizen VC, Inc. in August is very helpful indeed. In fact it goes further in creating...
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...
I attended a two-day Wharton School-sponsored conference on upcoming business opportunities on Cuba, the second such conference put together by my alma mater. Very high level fascinating speakers and very candid and blunt interactive discussions. Congrats to my friend Faquiry Diaz as one of the...
Earlier today, the SEC's Advisory Committee on Small and Emerging Companies, comprised of a number of smart and thoughtful people I know, made some terrific recommendations to the Commission. The biggest, something for which many have been waiting for quite awhile: that private placement finders,...
The big guys get hit and sanctioned for improper activity in the securities world. Big banks and investment banks all pay for misdeeds, some callously viewing it as simply a cost of doing business. The Enron and WorldCom scandals, among others, taught us that big...
Interesting report in The New York Times today about the greatest challenge facing the advent of driverless cars. The effort, mostly driven (pun intended) by Google, seems to be going well overall as hundreds of cars have been tested for a number of years now....
The Washington Post Sunday had a fascinating story about one of the just five public wifi locations in the city of Havana and how locals flock there daily to get on Facebook and communicate with loved ones. You still can't go to your cell provider and...