Senate Committee Considers JOBS Act 3.0… Finally

Last week, The Senate Committee on Banking, Housing, and Urban Affairs held a hearing on more than two dozen bills related to securities markets regulation including JOBS Act 3.0. In July, the House of Representatives passed the “JOBS and Investor Confidence Act of 2018,” also known as the JOBS Act 3.0. The bill passed with 406 “yes” votes and only

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Four Prestigious Firms Named March’s Platinum Sponsors of PubCoCEO™

We are honored to announce that four prestigious firms have supported PubCoCEO™ as Platinum Sponsors in March! Lucosky Brookman, LLP (Official Law Firm), MZ Group (Official Founding IR Firm), Acquis Capital, LLC (Official Founding Investment Firm), and The WorkOut Group, LLC (Official OTC Advisory Group) are each the Official March Sponsors of PubCoCEO™ in their respective categories. The support of these firms will

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Only One OTC Markets Issuer Uplisted From The OTC In January 2019

Only one OTC Markets Issuer Uplisted From The OTC To a senior exchange in January 2019.  This was a very slow start for 2019 uplists. Learn more about the sole OTC ‘graduate’ below.   HEXO Corp. (NYSE American: HEXO) On January 23, 2019, HEXO Corp. (NYSE American: HEXO), uplisted from the OTC PINK to the NYSE American. HEXO is a

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OTC Markets Successfully Hosts Online Investor Conference With Newly Acquired Virtual Investor Conferences

In January, OTC Markets Group acquired Virtual Investor Conferences to provide their issuers with a cost-effective option to expand their investor base. Last week, OTC Markets hosted one of the first virtual conference since their acquisition. Presentations from the February 20th, 2019 conference are now available for on-demand viewing at VirtualInvestorConferences.com. LINK: https://tinyurl.com/Feb20-Post The company presentations will be available 24/7

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SEC Charges Broker-Dealer and Transfer Agent in Microcap Shell Factory Fraud

This week, the SEC announced charges against a broker-dealer, a transfer agent, and three individuals for their roles in the creation of over a dozen undisclosed “blank check” companies from 2009 to 2014. In its complaint, the SEC alleges that broker-dealer Spartan Securities Group, Ltd. and transfer agent Island Capital Management LLC, which does business as Island Stock Transfer, helped

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OTC Markets To Host Discussion On How Government Regulatory Updates and Rulemaking Proposals Could Impact SmallCaps

On February 26th, the CfPA and OTC Markets Group will conduct a moderated discussion on regulatory updates and rulemaking efforts being proposed in Washington D.C. and how they could impact small public companies. Dan Zinn, General Counsel of OTC Markets Group and CfPA Legislative & Regulatory Affairs division member, will moderate the discussion on the initiatives and proposals under consideration

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OTC Markets Announces 2019 OTCQX Best 50

OTC Markets recently announced its 5th annual list of the top 50 U.S. and international companies traded on the OTCQX Best Market—the 2019 OTCQX® Best 50. This year’s list speaks to a broad array of companies spanning all sizes, industries and geographic regions, from well-capitalized US community banks to Mega-Cap foreign exchange-listed Global brands. 2019 OTCQX Best 50 companies traded

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Two Defendants in SEC Enforcement Action Plead Guilty in Parallel Criminal Case to Charges of Securities Fraud and Lying to the SEC

A former employee of a Boston-based biotech company and a friend of the company’s CEO, whom the Securities and Exchange Commission have charged with stock manipulation and with making false statements and a scheme to defraud, have pleaded guilty in a parallel criminal case to charges of securities fraud and obstructing the SEC’s investigation. On September 7, 2018, Kenneth Stromsland,

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SEC Files Charges Against Magna Group For Microcap Stock Fraud

Last week, the Securities and Exchange Commission announced charges against four individuals and related businesses for their roles in two microcap frauds and unlawful securities offerings. In sum, the alleged illegal transactions resulted in proceeds of more than $25 million. According to the SEC’s complaint, from approximately December 2012 to June 2013, microcap stock financier Magna Group, which was founded

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Court Enters Judgment Against Microcap Company and Two Promoters in Pump-And-Dump Scheme

This week, The Securities and Exchange Commission has obtained final judgments against a microcap company and its two undisclosed promoters who were charged with running a $3.3 million microcap fraud. In September 2017, the SEC charged Jason McDiarmid, Kenneth George Cedric Telford, and Stop Sleep Go, Inc., formerly known as Interactive Multi-Media Auction Corp, with running a pump-and-dump scheme in

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