SEC
Interesting Look at SEC “Completed Initiatives of Interest to Small Business”
By David Feldman at 14 February, 2012, 10:30 am
I can never say enough how much I respect the hard working people on the staff of and the commissioners leading the US Securities and Exchange Commission. I think they are well meaning public servants, many of whom sacrifice much more lucrative opportunities to shape and implement policy for the better good. We should all [...]
Read More >>Obama Reiterates Call for Regulation A Reform
By David Feldman at 1 February, 2012, 11:38 am
As a follow up to his State of the Union address, Pres. Obama yesterday issued a press release calling for a number of initiatives to help small business. Among them, it said, “The President is calling to raise the offering limit under Regulation A from $5 million to $50 million, coupled with strong investor protections.” [...]
Read More >>New Year’s Wishes for Smallcap World 2012
By David Feldman at 31 January, 2012, 3:13 pm
Believe it or not in November we celebrated the 5th anniversary of the Reverse Merger & SPAC Blog! That’s really something. I cannot thank my faithful blogees enough for your sustained presence and tolerance of my random rantings. Last year was a bit better in the markets and we are all feeling hope that 2012 [...]
Read More >>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 >>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 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 >>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 >>Deck Chairs Shift but IPO Alternatives Remain Viable
By David Feldman at 4 December, 2011, 2:33 pm
A few thoughts about where we are now that some of the dust has settled following the passage of “seasoning” requirements to uplist to major exchanges after a reverse merger with a reporting shell. If you are thinking about a strategy to deal with the changes, get in touch! But here are some real big [...]
Read More >>
