Flash: Schapiro Stepping Down as SEC Chair

SEC Chairman Mary Schapiro announced this morning that she is leaving her job effective December 14. This was widely expected. The short span from announcement to departure was not as widely expected. Rumors floating name a Treasury undersecretary as a possible replacement. In the meantime, SEC Commissioner Elisse Walter will serve as interim SEC Chair, said the ...

Reverse Merger Market Improving 2

We learn from the latest DealFlow Report that November has already been the best month for reverse mergers since June. Eight deals have already been completed this month. If one more gets done then it will tie November of last year. There is no question that bad press and last year’s addition of the “seasoning” ...

The (Good?) Old Days Part VI – Speech Recognition

As I try to be slightly ahead of the curve I am here to say that much is about to change in the world of technology in the 10 or so years to come. Namely: thanks in part to Apple’s dive into the speech recognition software world with the introduction of Siri in iPhones, I think ...

Highlights from SEC Small Business Conference Part II

Here are more take-aways from today’s SEC conference. 1. Many are asking for the SEC to try to provide a “safe harbor” that’s nonexclusive to ensure that a company has verified an investor’s accredited status if the company chooses to advertise or generally solicit for investors as will soon be permitted thanks to JOBS. 2. ...

Highlights from SEC Small Business Conference Part I

I am headed back to the soggy Big Apple following the SEC’s annual small business conference. If you’re waiting for the big news, there really wasn’t any. But there was useful and interesting discussion and, as always, some good recommendations made by the attendees. Here are a few tidbits in several blog entries: 1. SEC ...

PCAOB Starts Observation of Chinese Audits

Reuters and The Reverse Merger Wire are reporting that the Public Company Accounting Oversight Board (PCAOB), which regulates auditors of US public companies, has gone through its first round of observations of Chinese regulators’ reviews of auditors in China. For several years the Chinese regulators were not permitting any observation or review of Chinese auditors ...

Meet Me at the SEC Small Business Conference

I head down to our nation’s capital later this week for the annual SEC Government-Business Forum on Small Business Capital Formation, which the Commission has gathered since 1982 when Congress mandated it take place. We listen to SEC Commissioners and interesting panelists and then break into workshops to develop recommendations for the staff and Commissioners. The ...

#Sandy and Her Aftermath

To all those who inquired, thank you. My family and I are safe following Hurricane Sandy’s pounding of New York and New Jersey. We lost power through the week in our Long Island home, but miraculously had it restored last night just before the cold arrived. Also we thankfully had no damage. Our office in ...