In early October, I posted that the SEC had proposed break-through action to create guidance under which finders in securities financings could proceed safely, under Federal law, without registering as broker-dealers. A proposal decades in the making, the matter was … Continue reading
Stephen Honig
Our law firm keeps an index of litigation involving COVID. Today it is 306 pages long. I calculate that each business day since the start of the pandemic there are filed in the United States about 128 separate lawsuits. The … Continue reading
First time in the seven or so years of blogging I have posted on the same matter twice in one day but SEC commissioners have commented (expectedly) on the proposals and the Commission itself has issued a detailed press release. … Continue reading
Today the SEC is holding a hearing prior to the release of a proposed exemption permitting financial finders to raise money for small businesses without violating the Federal law which classifies such finders as unregistered broker dealers. Offer would be … Continue reading
How does a company maintain protection of trade secrets when its workforce is remote? It is hard enough when you are in the office; then, you can police the flow of paper, lock things in cabinets with sign-outs, keep all … Continue reading
Has COVID killed mid-market private company M&A? Well, about 60% of it. And it has changed the other 40% in certain ways. As to the future? See below for Q-3 report and expected trends, per GF Data: Deal volume was … Continue reading
First, in August the SEC widened the definition of “accredited investor” to permit a broader range of investors to fall under the Regulation D exemption which permits companies to issue shares without registering them with the SEC. While the changes … Continue reading
Yesterday, the SEC made significant changes to the standards brokers must meet in order to quote stock OTC. These changes are detailed by amending SEC Rule 15c2-11; here are the important take-aways, bottom-line: more information is needed before a broker … Continue reading
COVID keeps impacting markets in unanticipated ways. Most recent reports are a sharp upwards spike in director D&O insurance premiums. Some brokers report average increases in the US as between 60% and 74%. Drivers: risk of litigation based on COVID, … Continue reading
Those of you who have ventured into downtown Boston have described the experience as a trip into emptiness; one of my partners remarked that you could hear crickets on the streets. Many people reading this post are working entirely or … Continue reading