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Fears of Stock Fraud Could Explain SEC Slowness on Reg D: Attorney

Posted on: December 17, 2012 by Steve BillsNo Comments »

If the Securities and Exchange Commission is slow to implement the marketing exemption of this year’s JOBS Act, it may be because regulators fear opening a vector that could be a “shill for fraudulent vehicles,” Robert B. Kaplan, a partner in the law firm Debevoise & Plimpton LLP, told sister magazine Buyouts.

Wake Up The IPO Ecosystem

Posted on: October 9, 2012 by Timothy KeatingNo Comments »

In their latest report on the long-term ills affecting the IPO markets, David Weild and his co-authors laser lock on market structure and persuasively argue in a series of Grant Thornton white papers that increasing “tick” sizes will restore capital formation, jobs and investor confidence. Tick sizes? Yes, they’re talking about tick sizes (i.e., the minimum increment in which a stock can trade) and they’re right.

Smaller, Newer Funds To Benefit From Marketing Rules

Posted on: September 13, 2012 by Steve BillsNo Comments »

America’s buyout shops aren’t exactly falling over one another to take advantage of liberalized rules for marketing their funds, fund sponsors and market watchers told sister publication Buyouts.

A Look at a Confidential JOBS Act IPO Filing from Trulia

Posted on: August 30, 2012 by Mark BosletNo Comments »

Pre IPO companies are taking advantage of the JOBS Act’s invitation to file confidentially with the Securities and Exchange Commission so I took a look at a pre-public S-1 and a public S-1 to see how the documents changed.

SEC Proposes Lifting Solicitation Ban On Private Stock Offerings

Posted on: August 29, 2012 by reuters-news1 Comment »

U.S. securities regulators voted 4-1 on Wednesday to propose lifting a long-standing ban on general advertising for private securities offerings.

The Unexpected Outcomes of the JOBS Act

Posted on: August 1, 2012 by Mark Boslet1 Comment »

The measure, passed by Congress in March, is designed to grease the IPO onramp for small companies. Three months after it was signed into law, signs of its impact, both expected and unexpected, are visible.

JOBS Act Update: SEC Misses Rulemaking Deadline, But “the Wheels Are in Motion”

Posted on: July 6, 2012 by Chris MandersonNo Comments »

SEC Chairman Mary Schapiro recently told Congress it was “not feasible” to meet the JOBS Act’s 90-day deadline for the implementation of changes to Securities Act Rule 506 to permit general solicitation in private placements to accredited investors.

Wildfire’s Ransom on JOBS Act and Facebook IPO

Posted on: May 11, 2012 by Alastair GoldfisherNo Comments »

Victoria Ransom from the startup Wildfire Interactive talks about the impending IPO and how she was on hand to witness Obama signing the JOBS Act.

Be Careful, Entrepreneurs: Crowdfunding Securities Offerings Aren’t Yet Legal

Posted on: April 29, 2012 by Chris Manderson2 Comments »

Until SEC rule-making is complete the crowdfunding exemption under Section 4(6) is not available for offers and sales of securities. Nonetheless, equity crowdfunding offers are already easy to find on Twitter.

NVCA Installs Rothrock as Chairman for Next Year

Posted on: April 25, 2012 by Alastair GoldfisherNo Comments »

Venrock Partner Ray Rothrock assumes the chairman role of the NVCA, as the organization basks in the glow of the JOBS Act.