Category Archives: Industry News

Update on MicroCap Toxic Debt Class Action Lawsuit

In September, two New York law firms, The Basile Law Firm P.C. and Phillipson & Uretsky, LLP announced that they have opened an investigation into a potential class action lawsuit against New York based lenders of short-term loans to microcap companies trading on the OTC Market.   We checked in with Mark Basile, Esq. (of The Basile Law Firm P.C.)

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Breaking: LD Micro Main Event Cancelled Due to Fire and Air Quality Concerns

LD Micro announced this morning that the LD Micro Main Event “is CANCELLED due to fire and air quality concerns.” The microcap conference was being held at the Luxe Sunset Bel Air in Los Angeles. The conference was hosting over 1,000 attendees with about 250 microcap companies. The event began on December 4th and was scheduled to run through the 7th.

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MicroCap Audit Firm Charged With Fraud

This week, the SEC charged Anton & Chia LLP with conducting flawed audits and reviews of financial statements, which are critical sources of information for investors. The SEC’s Enforcement Division alleges that Anton & Chia and its accountants ignored numerous indications of fraudulent financial reporting by three of the firm’s audit clients – microcap companies Accelera Innovations Inc. (OTCPINK: ACNV), Premier Holding Corp.

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SEC Enforcement Division’s Report on Priorities and FY 2017 Results Make Limited MicroCap Mentions

Earlier this month, the SEC Enforcement Division issued a report highlighting its priorities for the coming year as well as a review of enforcement actions that took place during FY 2017. In the report, Co-Directors Stephanie Avakian and Steven Peikin stated their overall enforcement approach: “Vigorous enforcement of the federal securities laws is critical to combat wrongdoing, compensate harmed investors,

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Microcap Stocks Surge on Cryptocurrency Initiatives

On Monday, three of the top four most actively traded U.S. stocks were all either riding a cryptocurrency-fueled surge, or pulling back from one. Digital Power Corp (NYSE Mkt: DPW), Marathon Patent Group (NASDAQ: MARA), and Riot Blockchain (NASDAQ: RIOT) all saw tremendous volume because of their crypto-related business. DPW’s market value jumped from $12 million on Friday to over $40 million

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Transfer Online, Inc. Joins as The Official Founding Transfer Agent Sponsor of PubCoCEO™

We are proud to announce that Transfer Online, Inc. has joined us as the Official Founding Transfer Agent Sponsor of PubCoCEO™. As a full service brick and mortar transfer agent with a comprehensive range of software solutions, Transfer Online provides the exact stock transfer service you need at the best value. Transfer Online can provide the following services to Issuers

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SEC Announces Agenda and Panelists for the 36th Annual Small Business Forum

Last week, the SEC announced the agenda and panelists for the 36th Annual Government-Business Forum on Small Business Capital Formation. The November 30 event will begin at 9 a.m. Central Standard Time (10 a.m. Eastern Standard Time) with opening remarks from the SEC Chairman and Commissioners followed by a morning panel discussion that will explore how capital formation options are

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