Semi-annual reporting for SEC-registered companies?
Coming soon (in my opinion). The President is not the first to suggest that SEC-registered companies be permitted to choose semi-annual instead of quarterly reporting. The idea has been periodically floated since I was an SEC Staffer back in the Dark Ages (less than a generation after quarterly reporting was adopted in the first place). […]
Lesson of the month: following the money
Here’s the latest instalment of the I’m-not-calling-it-fraud-of-the-month series. This lesson actually derives from two separate exempt offerings where financials that looked legit at the outset turned out to reflect a different reality. Company A presented financials that showed substantive revenues. However, those revenues were derived from related companies (a fact that was not disclosed) and […]
Another reason not to violate Section 17(b)
CrowdCheck has blogged many times before about Section 17(b), the stock touting rule. Here’s where we outlined the basics more than ten years ago. Since then, the SEC has brought many Section 17(b) cases, some of them against some very well-known athletes and influencers. Some of those people were fined millions of dollars for promoting securities […]