SEC Forum on Small Business Capital Formation: Part III 5

The final morning panel at the SECFOSBCF was a large group of individuals representing larger groups such as the ABA, the angel community, the biotech industry, the US Chamber of Commerce, the National Association of Venture Capitalists and the National Association of Business Investment Companies. Each spoke for a few minutes about the issues their ...

SEC Forum on Small Business Capital Formation: Part II

The first panel of the SEC conference last week focused on Dodd-Frank and various issues that have arisen. The changes to Regulation D were center stage. As we know, Reg D ensures that an offering is not public and requiring SEC registration if certain conditions are met. One way is to limit the offering to ...

SEC Forum on Small Business Capital Formation: Part I

I was an eager participant in yesterday’s Securities and Exchange Commission Government-Business Forum on Small Business Capital Formation (the good old SECGBFOSBCF).  I traveled to the SEC’s modern DC auditorium for the event. In this first post on the event I thought I would review the comments of SEC Commissioner Troy A. Paredes and Chair Mary Schapiro at ...

Conferences Galore

Last week the DealFlow Media PIPE Conference. This week it’s both Maxim and Brean Murray sponsoring events. Unfortunately they are also at the same time as the SEC’s annual Small Business Conference. I will be down in Washington for Thursday’s SEC conference. At each of these SEC conferences, attendees break into small workshops. The workshops develop ...

See You at the PIPE Conference

I am headed to the city of Lost Wages today for the 2010 PIPEs Conference sponsored by DealFlow Media. It’s always a worthwhile event. My panel on IPOs and APOs is Wednesday morning. After that I’m off to Los Angeles for client meetings. I have noticed a real uptick in activity in the capital markets, ...

While We’re on PIPEs..Mark Cuban Update

The latest PIPEs Report also had a legal update written by some capable PIPE attorneys on the crazy Mark Cuban insider trading case that involves a PIPE. Start with the bottom line then how they got there: nothing has now changed thanks to the reversal of the trial court’s decision by the appellate court. A company ...

SEC Targeted PIPE Guys: Fraud, Optimism or Crazy Markets?

The SEC and state securities regulators seem to be stepping up their enforcement activities against PIPE funds. At least seven that we know of have faced investigation in the last year or so. The newest PIPEs Report details even more. What are they alleging? A variety of things. They claim managers intentionally overstated the value of ...