See You at OneMedForum!

I am headed to Florida tomorrow for client meetings, then to San Francisco for next week’s OneMedForum conference. I’ll be running a workshop there on the JOBS Act with my partner Nimish Patel. For more on the workshop and conference, go to http://www.onemedplace.com/forum/going-public-after-the-jobs-act.  Our firm is proud to be a sponsor of the event. The summary ...

Nallengara Appointed Acting Director of SEC Corporation Finance

Last week, on her first day as new SEC Chair, Elisse B. Walter named Lona Nallengara as Acting Director of the Division of Corporation Finance, to replace Meredith Cross who announced earlier this month that she’s returning to private law practice at year end. Mr. Nallengara is an SEC staffer, a top deputy of Cross’ ...

New Year’s Wishes for Smallcap World for 2013 1

For now the 6th year in a row I’m happy to throw out my wish list for the small and microcap world and those into alternatives to a traditional IPO to go public. As always I want to give special thanks to my faithful blogees especially in this, a challenging year for many of us. The ...

Decimalization Issue Not Dead

We learn from The DealFlow Report that the SEC has scheduled a roundtable on the issue of decimalization of stock prices, which may include discussion of possible pilot programs to try different plans to increase “tick sizes” between bid and ask prices in the markets. The Jumpstart our Business Startups (JOBS) Act required the SEC ...

Head of SEC Corp. Fin. Meredith Cross Leaving

In the latest in a series of high level departures, Director of the SEC’s Division of Corporation Finance, Meredith Cross, announced Tuesday that she is leaving the SEC by the end of the year. There is no successor or interim director appointed yet that we know of. This follows the announcement of SEC Chair Mary ...

Crowdfunding Rules Could be Delayed

We learn from today’s DealFlow Report that many are saying it could be a year or more before the SEC releases the much-awaited rules under the Jumpstart our Business Startups (JOBS) Act which will hopefully unleash a torrent of small equity financings through crowdfunding. Technically, the JOBS Act requires the SEC to deliver those rules by ...

SEC Chair-Designate Elisse Walter Could Remain for a Year or More

There has been a minor hubbub about what exactly SEC Commissioner Elisse Walter was appointed as following the planned resignation of current Chair Mary Schapiro. First the White House said she would be the “designated” Chair, not interim or acting, while the President looks for someone else (he has the right to appoint the Chair). ...

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” ...

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. ...