Archive by Author

SEC mulls raising trading increments for small caps

July 6 | Fri Jul 6, 2012 10:20am EDT By Olivia Oran (Reuters) – U.S. regulators are considering whether stocks of small companies should be priced in increments of more than a penny, a change that could affect more than two-thirds of listed companies. The Securities and Exchange Commission thought it settled this debate in […]

SEC delays JOBS Act, Startups Reg A versus D 506

Regulation A and Regulation D is heavily different under JOBS Act according to David Drake of LDJ Capital and David Weild, former vice chair of Nasdaq. SEC officially announced it will miss the 90 day deadline to amend the Reg D exemption 506. FOR IMMEDIATE RELEASE PRLog (Press Release) – Jun 29, 2012 – As […]

JOBS Act Establishes New Thresholds for Registration Under the Exchange Act May 9, 2012

[authors: Paul Bork, Dean F. Hanley, and Jason Steinman] On April 5, 2012, the JOBS Act was signed into law, culminating a bipartisan effort by Congress to ease restrictions on capital raising that have affected and guided companies and investors for decades. This alert focuses on the changes effected by the JOBS Act to the […]

Going Public In Private: The Boom In Secret IPOs

Author: Todd Woody, Forbes Staff, May 2012 Have you heard about the IPO boomlet under way this spring? No? That’s because it’s a secret. Officially, only 13 startups have registered initial public offerings with the U.S. Securities and Exchange Commission since April, according to figures compiled by Renaissance Capital. SEC spokeswoman Judith Burns, however, says […]

SEC Suspends Trading In 379 Microcap Companies In Fraud Crackdown

by Robert Wilcox: The Securities and Exchange Commission said it suspended trading in 379 dormant companies–the most companies the regulator has ever suspended in one day–in an effort to prevent the stocks from being hijacked by fraudsters. The SEC’s previous largest trading suspension was an order in September 2005 that involved 39 companies. The suspensions […]

Providing Earnings Guidance? Think Again

Providing Earnings Guidance? Think Again 1:00 PM Friday May 4, 2012 by Bruce Nolop As we saw again this quarter, earnings announcements can have significant impacts on stock valuations—at least over the short term. Investors reward companies (such as Apple and Kimberly-Clark) whose current performance or guidance for the future exceeds market expectations, and they […]

Direct Market Impacts

 Direct Market Impacts Author: Dennis McCarthy, April 2012   After I spoke with Kevin Lupowitz, head of the DirectMarkets unit of Rodman Renshaw, about the upcoming launch of his automated public offering service, I considered its likely impact on the small cap market on Wall Street. In my opinion, this is more than idle speculation.  […]

DTC Eligibility and the OTC Issuer

This is the first in a series of articles I am writing regarding DTC (Depository Trust Company) eligibility for OTC (Over the Counter) Issuers.  OTC Issuers include all companies whose securities trade on the Over the Counter market, including the OTCBB, OTCQB and PinkSheets. DTC eligibility has become a major concern for OTC Issuers in […]

A Closer Look at Crowdfunding for Startups

Strings attached to the JOBS Act may nullify much of its ability to truly help startups – by Bill Hanigan and Mark Wickham.  Congress is in the business of making laws. Some of those laws prove helpful, while others do not help much at all. The recently enacted (and eagerly anticipated) crowdfunding provisions contained in […]

Subcommittee Examines Regulatory Environment For Equity Finance

Washington, Apr 19th, 2012 House Small Business Subcommittee on Economic Growth, Tax and Capital Access today held a hearing to examine the current regulatory environment for equity finance and ways to strengthen the ecosystem. Equity financing is a funding method where a business owner sells a percentage of their company in exchange for an ownership stake. […]