Category Archives: Public Company Compliance

MicroCap CEO Sentenced To 9 Months In Prison for Stock Manipulation Scheme

On Tuesday, the CEO of a microcap company that claimed to own valuable patented drug delivery technology was sentenced in federal court in Boston in connection with a scheme to manipulate the market for his company’s publicly traded stock. Learned Jeremiah Hand, 59, of Durham, N.C., was sentenced by U.S. District Court Chief Judge Patti B. Saris to nine months

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SEC Charges Microcap Fraudsters And Billionaire for Roles in $27 Million Market Manipulation Schemes

Last Friday, the Securities and Exchange Commission charged a group of 10 individuals and 10 associated entities for their participation in long-running fraudulent schemes that generated over $27 million from unlawful stock sales and caused significant harm to retail investors who were left holding virtually worthless stock. According to the SEC’s complaint, from 2013 to 2018, a group of prolific

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Semiannual Reporting Would Benefit SmallCap Companies the Most

A recent Wall Street Journal article by Tatyana Shumsky discusses how a “Move to Semiannual Reporting Would Benefit Small Companies the Most.” Last month, President Trump asked federal regulators to look into changing quarterly reporting requirements for public companies to semiannual requirements. In a mid August, President Trump tweeted “In speaking with some of the world’s top business leaders, I asked what

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OTC Markets Adds Five Transfer Agents To Their Transfer Agent Verified Shares Program

This week, OTC Markets Group announced that five (5) additional transfer agents have joined OTC Markets’ Transfer Agent Verified Shares Program. Action Stock Transfer, Manhattan Transfer Registrar Co., Mountain Share Transfer, Pacific Stock Transfer, and Securities Transfer Corporation are now included among a distinguished roster of transfer agents that are working with OTC Markets Group to create better informed and

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MicroCap Corporate Governance Study Webinar Recording Available

On August 1st, Board Governance Research LLC released a study on “Microcap Board Governance.” The Study examined the governance practices at 160 microcap companies, representing approximately ten percent of all companies with less than $300 million in market capitalization traded on a major U.S. stock exchange. The Investor Responsibility Research Center Institute (IRRCi) & Board Governance Research recently conducted a live webinar

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SEC Obtains Penny Stock Bar For Perpetrator of Initial Coin Offering Fraud

This week, the Securities and Exchange Commission obtained permanent officer-and-director and penny stock bars against the founder of a company who perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California. According to the SEC’s order, David T. Laurance and Tomahawk Exploration LLC attempted to raise money through the sale of blockchain-based digital tokens called

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More Recognition Of OTC Markets’ Fight Against Pump & Dumps

A new article in S&P Global Market Intelligence by Declan Harty discusses “How OTC Markets fights stock fraud enabled by ‘fake news’.” The article highlights how technology has made it easier for fraudsters to implement “pump and dumps” of OTC stock, listed securities, crypto currencies, and more. “Technology certainly transformed the stock promotion business,” said John Reed Stark, a cybersecurity consultant who

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NPC World Services Helps Non-Reporting Companies Simplify OTC Disclosure Documents

Sponsored Many small public companies listed on the OTC Markets do not file with the SEC. Instead, they make periodic filings available through OTCMarkets.com. Filings under OTC Markets’ Alternative Reporting Standard can be complex and time consuming to complete, especially for very small public companies with limited resources. Experienced small public company CEOs & CFOs save time and money by having

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From Full Service to DIY, Transfer Online and Transfer Online: SOLO Provide Tailored Services Based On Your SmallCap Transfer Agent Needs

Sponsored Transfer Online combines 17 years of traditional transfer agent experience with technical expertise to deliver custom solutions to their clients. While Transfer Online provides a diverse range of services, their core business is providing transfer services to Issuers of privately and publicly traded stock. Transfer Online can help you meet your smallcap transfer agent needs through their Transfer Online

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SEC Subpoenas MicroCap Public Company Following Claimed Blockchain Pivot

Long Blockchain Corp. (OTC: LBCC) has had a roller coaster few years. The company, formerly know as Long Island Iced Tea, uplisted from the OTC to the Nasdaq in 2016. Since uplisting, the company pivoted away from iced tea and into blockchain, was de-listed from the Nasdaq, and is currently listed on the OTC Pink “No Information.” Because LBCC is currently delinquent

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