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The Securities Edge Securities Blog for Middle-Market Companies

Monthly Archives: May 2012

Solicitation for Comments on the JOBS Act

Posted in Capital Raising

The SEC Advisory Committee on Small and Emerging Companies has announced a public meeting to be held at 9:00 a.m. on Friday, June 8, 2012 in Multi-Purpose Room LL-006 at the SEC’s Washington, D.C. headquarters.  The meeting will be webcast on www.sec.gov.  The agenda for the meeting will be to focus on the JOBS Act… Continue Reading

The Facebook IPO – From Sure Thing to Big Mess

Posted in IPOs, Technology Company Issues

Facebook’s IPO seemed like a sure thing only a short time ago. This iconic leader in the technology space led by a charismatic CEO seemed destined to have a blockbuster IPO. The IPO encountered a number of substantial problems and challenges, however, and the stock’s post-IPO performance has been far less than stellar, with none… Continue Reading

JOBS Act update: Keeping current with the SEC’s interpretations

Posted in Capital Raising

The SEC has been busy over the past several weeks rapidly issuing interpretations and procedures to implement the JOBS Act.  Because the JOBS Act is such a fundamental change to securities law, especially for middle market companies, we wanted to spend this blog catching you up to speed on how the JOBS Act looks since we… Continue Reading

SEC continues to issue FAQs on the JOBS Act

Posted in Capital Raising

The SEC has been issuing a steady stream of FAQs on the newly enacted JOBS Act.  On Monday, the SEC’s Division of Trading and Markets issued a set of FAQs on the JOBS Act addressing crowdfunding intermediaries.  Last week, the Division of Corporation Finance issued more FAQs on JOBS Act issues such as qualifications for… Continue Reading

New MD&A guidance for smaller financial institutions

Posted in Disclosure Guidance, Financial Institutions

The SEC Division of Corporate Finance recently issued guidance to smaller financial institutions concerning Management’s Discussion and Analysis and accounting policy disclosures. The guidance can be found in CF Disclosure Guidance: Topic No. 5, dated April 20, 2012 and amounts to rules to follow for future filings that should not be ignored. The Division focused… Continue Reading