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FBI Raids Offices, Home of RM Player
By David Feldman at 28 January, 2012, 12:08 pm
Federal criminal investigators have raided the offices and apartment of an active Chinese reverse merger player, according to the Financial Investigator. The player’s group, located on Wall Street, didn’t reply to the reporter’s effort to receive comment. Although the fallout from the allegations of fraud from Chinese reverse mergers has not been substantial yet (other than the [...]
Read More >>SEC: Thanks for Super 8-K Reviews
By David Feldman at 26 January, 2012, 6:21 pm
SEC Form 8-K is meant to report “current events” that occur between quarterly periodic reports by public companies. They are effective upon filing and not generally subject to SEC review. In 2005, to appropriately close a disclosure loophole, the SEC started requiring that an 8-K be filed right after most reverse mergers including all information that [...]
Read More >>The Silly Season
By David Feldman at 25 January, 2012, 5:52 pm
It now seems that the President’s State of the Union Address during a Presidential election year starts the beginning of a period during which very little of substance happens in our nation’s capital. I think Wikipedia is not up to date, since they refer to this US “silly season” as follows: “In US politics, the [...]
Read More >>SEC & PCAOB Meet Again with Chinese Finance Leaders
By David Feldman at 16 January, 2012, 3:23 pm
The Wall Street Journal has reported that there was another meeting between “a delegation of Chinese officials” and the SEC on January 11 and the PCAOB was also slated to meet with them a few days later. As we know, there is an ongoing discussion between the two countries regarding how to oversee Chinese based [...]
Read More >>Where Are You From? 2012 Edition Part III
By David Feldman at 14 January, 2012, 2:51 pm
Here’s the last part of the series on where our blogees hail from both geographically and company-wise. In this entry we cover who is here from Wall Street, academics and others. Here we go: Wall St. Firms: Thanks for staying with me for years folks at Credit Suisse, JP Morgan Chase, Deutsche Bank, Goldman Sachs, [...]
Read More >>Where Are You From? 2012 Edition Part II
By David Feldman at 14 January, 2012, 2:37 pm
This is always fascinating to me. It’s time for our annual review of which regulators, law firms, accounting firms, Wall Street firms, news media, academics and others make up the over 30,000 annual visitors to our humble blog. I cannot thank you all enough for your loyalty and support, many of you started with us back in November [...]
Read More >>Chinese Company Accuses Nasdaq of Racism
By David Feldman at 9 January, 2012, 11:51 am
Greetings from somewhere above the Midwest on my way to speak at the OneMedPlace conference in San Francisco this week, with the latest RM news. Barron’s reports that a lawsuit was filed this past Thursday against Nasdaq by CleanTech Innovations (CTEK) which was delisted from Nasdaq over a year ago. The suit claims, essentially, that [...]
Read More >>Where Are You From? 2012 Edition Part I
By David Feldman at 1 January, 2012, 3:11 pm
Happy New Year to all! I will work soon on my annual New Year’s wish list, which sadly will look much like last year’s list! In any event, I wanted to provide my annual review of you, my faithful blogees, in letting you know who your fellow readers are and where they come from. As [...]
Read More >>SEC Adopts Regs re “Accredited Investor” Definition
By David Feldman at 28 December, 2011, 8:22 pm
As required by the Dodd-Frank Act of 2011, the SEC has now adopted final rules which confirm what already was official upon passing of the act: if you want to qualify as an “accredited investor” by virtue of having a net worth of more than $1 million, that net worth will have to exclude the [...]
Read More >>Happy Holidays!
By David Feldman at 22 December, 2011, 7:15 am
As springtime weather continues in New York on this first day of winter, I wish all my faithful blogees, as applicable, a wonderful holiday season and very happy, healthy and prosperous 2012. Soon we will issue our annual wishes for the New Year. In reviewing my wishes from last year, I am feeling a bit like [...]
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