The House Financial Services Committee has been busy for sure! Last week they unanimously (57-0) approved and sent to the full House HR 3448, known as The Small Cap Liquidity Act of 2013. The key sponsor: Rep. Sean Duffy (R-WI). The bill is seen by...
I have found that, while not absolutely critical, it can be very helpful in working with advisors who assist companies in going public if they have some knowledge and experience of the industry in which you operate. For certain members of the team you need...
Social media giant Twitter starts trading following its IPO today. One hopes the lessons of the Facebook IPO debacle are learned. In fact Facebook is now trading $14 above its IPO price, after a very disappointing start. Plus Twitter is choosing a day following a...
As reported by my friend and attorney Scott Gluck, the House last week started hearings on the next generation of JOBS-type relief for smaller companies, fashioned after the original Jumpstart Our Business Startups (JOBS) Act of 2012. The "JOBS 2.0" hearing discussed a number of...
As many know, when the SEC passed rules allowing companies and private funds to use general solicitation and advertising in certain private securities offerings as mandated by the Jumpstart Our Business Startups (JOBS) Act, they also proposed a series of rules that would add investor...
The SEC's website makes it official. Tomorrow at 10am Eastern time the SEC will: "consider whether to propose rules and forms related to the offer and sale of securities through crowdfunding pursuant to Section 4(a)(6) of the Securities Act of 1933, as mandated by Title...
Bloomberg reports today that the SEC plans to announce long-awaited proposed rules on "crowdfunding" next week. There is no notice yet on the SEC website, but apparently the news outlet heard from those in the know. The Jumpstart our Business Startups (JOBS) Act of 2012...
If you are working with a company that is offering to help you go public, hopefully you will insist on a variety of references. In prior posts we talked about meeting the last three CEOs that this advisor helped. This gives you a sense of...
They say there is no such thing as a free lunch. In Wall Street that is true for sure. So if you are considering going public through an advisor who specializes in helping companies do so, it is very important to understand what fees or...
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...