economy
Reg A Reform Getting Closer
By David Feldman at 25 June, 2011, 8:37 pm
As previously reported, the US House of Representatives is moving closer to passing a bill to dramatically reform SEC Regulation A. Reg A, as has been discussed here, allows a more streamlined process to going public than a traditional IPO under a full SEC registration. There is still an offering circular that is used, but [...]
Read More >>“Justice Has Been Done”
By David Feldman at 2 May, 2011, 7:04 am
My thoughts go to the families of victims of the horrific attacks of September 11 today as we hear of the killing of al Qaeda leader Osama Bin Laden. I agree with the President, whose quote from last night is above. No one likes killing, and the hope is that this heroic act of Navy [...]
Read More >>Overview of Nasdaq Seasoning Proposal
By David Feldman at 30 April, 2011, 11:38 am
I have now had the chance to read the actual Nasdaq proposal, which you can find at http://nasdaq.cchwallstreet.com/NASDAQ/pdf/nasdaq-filings/2011/SR-NASDAQ-2011-056.pdf. Apparently the term “seasoning” comes out of the proposal itself, so it is hereby dubbed the proposed seasoning rule. Not ideal, since usually seasoning adds flavor, and in this case I respectfully don’t think that is the result. [...]
Read More >>Nasdaq Buying NYSE Euronext?
By David Feldman at 1 April, 2011, 1:10 pm
Wow. Today the Nasdaq (technically Nasdaq OMX) made an $11.3 billion bid to buy NYSE Euronext, hoping to outbid Deutsche Boerse’s friendly offer. So what happens next? Do we allow a German outfit to own the most famous stock exchange in the world, or create a near monopoly that would own the three major US exchanges? It seems that [...]
Read More >>A Digression for Bernie M.
By David Feldman at 18 February, 2011, 8:11 am
Convicted swindler Bernie Madoff has relevance to the small and midcap worlds because this is where he lived mostly – in the penny stock world of small cap stocks. He was Chairman of the Nasdaq in its early years long before Microsoft was a household name. Apparently the narcissism never stops as BM has given [...]
Read More >>Left and Right Agree: Small Business is Key to our Economy
By David Feldman at 6 February, 2011, 10:17 am
Today would have been Pres. Ronald Reagan’s 100th birthday. There are various events and news reports covering this event. Why? Because most agree Reagan was a transformational figure in the world and in US politics. Most give him great credit for helping end the debilitating Cold War even if they didn’t always agree with his [...]
Read More >>Dow Nears 12,000 – Can We Enjoy This a Little?
By David Feldman at 21 January, 2011, 11:47 am
As we speak the Dow Jones Industrial Average is at 11,877. How far we’ve come! In March 2009 it hit a low of 6,470 after hitting an all time high of 13,930 in October 2007. So we’ve recovered over 80% from the bottom. Another 17% rise and we break the all time high. This is [...]
Read More >>New Year’s RM Wishes..
By David Feldman at 1 January, 2011, 11:24 am
My 8-year old is an avid Beatles fan so this year he decided to make New Year’s “revolutions,” but that’s for another day! Happy New Year to all my faithful blogees. Believe it or not we have been here for more than four years together watching dramatic changes in the economy, the market, the US [...]
Read More >>Our Litigious Society
By David Feldman at 21 December, 2010, 8:01 am
I first wrote some great client litigation ”war stories” here and then realized, of course, that even if I work to mask the parties and matters, attorney-client privilege for the most part prevents me from doing so. Instead I will simply offer some commentary on our crazed litigious country. In the UK, the loser in a lawsuit must [...]
Read More >>SEC Forum on Small Business Capital Formation: Part III
By David Feldman at 27 November, 2010, 3:29 pm
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 [...]
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