The US House of Representatives Financial Services
Committee has released a draft bill called the Small Company Capital
Formation Act of 2011. The first salvo in what we hope will be more
Congressional efforts to help small companies with capital formation.
The bill, just four pages long (!), basically...
The relationship between capital formation, effective
regulation and how this is being thwarted by certain foreign issuers were the
subjects of SEC Commissioner Luis Aguilar's remarks to the Council of
Institutional Investors at their Spring Meeting on April 4, 2011 (here). Much
of the current...
The CEO and President of Magnum d'Or Resources, Inc.,
Joseph Glusic, had a plan to bolster the cash of the company through stock
sales. Magnum is a Fort Lauderdale, Florida based company which converts scrap
tires into rubber compounds. Under the plan t stock would be registered with
A path to U.S. citizenship premised on an immigration
program crafted to help create jobs, and surrounded with misrepresentations and
false documents was the lure used by Anshoo Seithi and his controlled entities
to defraud 250 investors of millions of dollars, according to an SEC complaint.
Capital formation is one of the primary missions of the SEC. Commissioner Kara Stein recently discussed this basic SEC mission in remarks delivered at the Stanford Rock Center for Corporate Governance, Stanford Law School (here), outlining several new options. The Commissioner began by noting that while...
Crowdfunding is a popular and controversial form of selling securities using the internet. Prior to the passage of the JOBS Act, which was designed to facilitate capital formation for small companies, such sales generally would have been required to comply with the registration provisions of the securities...