PubCo CEOs And Institutional Investors Sign Updated Common Sense Corporate Governance Principals

A little more than two years ago, a group of prominent CEOs and Institutional Investors published the Commonsense Principles of Corporate Governance. That work represented a collaborative effort – a search for common ground – by representatives of some of America’s largest corporations and institutional investors. The authors said then, and it is no less true today, that the long-term

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Court Enters Final Judgment in Microcap Fraud Case

On October 10, 2018, a U.S. District Court for the Eastern District of New York entered a final judgment on consent against Philip Kueber, who was charged with orchestrating a fraudulent investment scheme using microcap issuer Cynk Technology Corp. The SEC’s complaint, filed July 31, 2015, alleged that Kueber concealed his control of Cynk and its purportedly non-restricted shares through

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The Workout Group LLC Shares Three OTC Microcap Case Studies

Sponsored The Workout Group LLC (TWG) may be one of the only groups of professionals that have led successful restructurings of microcap companies in the last 2 years. They were known as OTCWORKOUTS, LLC but changed their name to better reflect what they do. Below are three case studies where TWG recapitalized the company and remediated its’ debt that resulted

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Orchestrator of Microcap Fraud Scheme Barred from Penny Stock Offerings

This week, the orchestrator of a microcap fraud scheme who defrauded investors by directing the issuance of false press releases about the microcap company’s prospects and hiding his secret control of the company has been barred by a federal court from participating in penny stock offerings and ordered to pay an $80,000 penalty. In October 2017, the SEC charged John

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SEC Suspends Trading in OTC Company for Making False Cryptocurrency-Related Claims

On Monday, the Securities and Exchange Commission suspended trading in the securities of a company amid questions surrounding its statements about partnering with a claimed SEC-qualified custodian for use with cryptocurrency transactions and a purportedly registered public offering of preferred stock. The SEC’s trading suspension order says that two August 2018 press releases issued by Nevada-based American Retail Group, Inc.

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Complete White Label & Back Office Solutions For Companies Making Stock Offerings

Sponsored Stock Offering Solutions (SOS) provides complete white label and back office solutions for companies making stock offerings. From private placements to Reg A+ IPOs, SOS provides everything you need to create offerings and close investments. SOS’s back office solutions are a document management systems created by industry professionals to efficiently receive, manage, and recall investor information. This is a

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Attorney and Businessman Barred from Penny Stock Offerings for Engaging in a Microcap Pump-And-Dump Scheme

Yesterday, two South Florida men agreed to lifetime bars from participating in penny stock offerings to settle charges brought by the Securities and Exchange Commission alleging that they facilitated a pump-and-dump scheme involving shares of a Sunrise, Florida company that purported to be in the beauty products business. The SEC alleges that attorney Mark E. Fisher of Boca Raton, Florida

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Upcoming MicroCap Event: Proactive’s CEO Investors’ Forum – October, NYC

We recently caught up with Mary Ruggiero to discuss Proactive’s CEO Investors’ Forum – October, NYC. Q&A below:   When and where is the Forum held? Mary Ruggiero: “This forum is being held on Wednesday, October 24, 2018 at 767 Third Avenue, NY, NY 10017 from 4:30 – 7:30 pm. This event is on the seventh floor which features a

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OTC Markets Announces Q3 2018 Index Performance and Rebalancing

This week, OTC Markets Group announced the third quarter 2018 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index. All the OTC Indexes except the OTCQX U.S. Index ended Q3 higher. Two OTC Indexes outperformed the others. The OTCQX Canada Index (.OTCQXCAN), which tracks Canadian OTCQX companies, was up

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SEC Provides Temporary Relief for Issuers Using Reg CF & Reg A+ Impacted by Hurricane Michael

According to CrowdFundInsider.com, the SEC has issued temporary rules for companies impacted by Hurricane Michael that issued securities under Regulation Crowdfunding and Regulation A. The “Interim final temporary rule” issued by the SEC on October 16th, provides that an issuer subject to the reporting requirements of either Regulation Crowdfunding or Regulation A is exempt from any requirement to file specified reports or

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