By: Joseph M. Lucosky, Managing Partner Lucosky Brookman LLP The month of February saw a total of five companies uplist from the OTC onto national securities exchanges. One of these companies operates in the medical devices industry, two operate in the energy sector, one operates in the consumer products industry, while another is in the cannabis industry. Below is a
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On Monday, the Securities and Exchange Commission charged two men alleged to have profited from illegal sales of stock of a company claiming to have a blockchain-related business. According to the SEC’s complaint, attorney T.J. Jesky and his law firm’s business affairs manager, Mark F. DeStefano, made approximately $1.4 million by selling shares in UBI Blockchain Internet Ltd. over a
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Last week, ex-lawyer Diane Dalmy was sentenced by U.S. District Judge Jeffrey A. Meyer in New Haven to 36 months of imprisonment, followed by three years of supervised release, for her role in a securities fraud scheme. According to court documents and statements made in court, Dalmy, a former attorney, performed securities-related legal work on behalf of several public companies,
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We are proud to announce that SEC Law Firm has joined us as the Official Founding Law Firm Sponsor of PubCoCEO™. SEC Law Firm represents growing businesses around the world raising capital in the US, through private and public offerings of equity and debt. They take companies public in the US and on overseas exchanges through reverse mergers, direct public
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David Feldman, partner in the international law firm of Duane Morris LLP, joins us to discuss his new book – “Regulation A+ and Other Alternatives to a Traditional IPO: Financing Your Growth Business Following the JOBS Act.”
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On Wednesday, the Securities and Exchange Commission charged two lawyers it alleges helped facilitate a microcap fraud scheme involving undisclosed “blank check” companies secretly bound for reverse mergers. In complaints filed in the U.S. District Court for the Southern District of Florida, the SEC alleges that James M. Schneider of Hillsboro Beach, Florida, and Andrew H. Wilson of Nevada City,
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Again, a lot of this goes back to the root of all microcap evil, toxic lending, irrevocable transfer agent letters and your transfer agency agreements. Recently, I spoke with a CEO who wanted to terminate his company’s transfer agent because the transfer agent refused to follow his instructions as well as the T/A providing confidential information to third parties without consent of the client, and in all likelihood, breaching the non-disclosure clauses in their own transfer agency contracts.
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Sichenzia Ross Ference Kesner LLP announced that as of August 25, 2017 they will have moved to a new location at 1185 Avenue of the Americas, 37th Floor, New York, NY 10036. As they enter our 20th year as a leading corporate, securities and litigation law firm, and expand their practice areas to include real estate and trusts and estates,
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In a LinkedIn post last week, Andrew Befumo -(CEO of Small Biz Support, LLC) shared some advice for “Saving On Small-Cap Compliance Expense“. According to Befumo, “as much as 60% of the legal costs of running a smaller public company could be saved if the company knew how to talk to the lawyers, accountants, auditors and other professionals that serve them.”
Read moreDavid N. Feldman, partner in the global law firm of Duane Morris LLP, declared June 2017 as “The Month Reg A+ Arrived” in a recent post on his blog. Feldman is referring to the first three Reg A+ IPOs trading on national exchanges. Myomo, Inc. (NYSE MKT:MYO), Adomani (Nasdaq:ADOM) and ShiftPixy (Nasdaq:PIXY) each completed Reg A+ IPOs raising millions in June. Mr. Feldman also points out
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