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The Securities Edge Securities Blog for Middle-Market Companies

Monthly Archives: February 2012

Conflict minerals rule may be reaching a conclusion

Posted in Disclosure Guidance

As mentioned on Brock and Dave’s Blog and a recent article by Bloomberg, the conflict minerals disclosure required by the Dodd-Frank Act appears to be close to final.  These proposed rules are highly controversial because of the estimated high costs for public companies to comply with the new rules compared to the small perceived benefit… Continue Reading

SEC’s No-Action Letter is good news for pre-IPO companies

Posted in IPOs, Technology Company Issues

On February 13, 2012, the Securities and Exchange Commission issued a No-Action Letter to the Fenwick & West LLP law firm. This No-Action Letter is good news for private companies that are approaching the statutory 500 shareholder limit (which would generally require them to register as public reporting companies under Section 12(g) of the Securities… Continue Reading

Your company may be ‘publicly traded’ without your knowledge – and there may be a price to pay

Posted in Corporate Governance

When someone refers to a company as being “publicly traded” we normally understand that to mean that it has sold shares to the public through an initial public offering (or “IPO”) and is listed on a national securities exchange (like the NYSE or Nasdaq) and makes periodic filings with the SEC. However, some smaller companies… Continue Reading

Missed in Facebook IPO frenzy: they had to go public. Here are 6 ways private companies can remain private

Posted in IPOs

As reported in the Wall Street Journal, Facebook, Inc. filed a registration statement with the SEC late Wednesday to register to go public.  This continues the recent trend of established technology companies going public since the beginning of last year.  Whether the stock price ultimately supports its expected lofty valuation remains to be seen. While… Continue Reading