Growth Capitalist (https://growthcapitalist.com/author/bgoets/page/64/)
Miller Energy Resources (OTC PINK: MILL), a one-time penny stock whose shares rose to more than $9 before the company was accused of accounting fraud, has filed for Chapter 11 bankruptcy protection.
A provision of a new rule under consideration by the Labor Department would ban investment advisers from receiving compensation for advising holders of regulated retirement accounts to buy stocks that trade over the counter.
H.C. Wainwright & Co. was the most active placement agent in the private-investment-in-public-equity market last quarter, arranging at least 45 PIPEs that raised a total of $932.6 million.
In what appears to be the final blow to an unusual strategy of investment in pre-IPO companies, closed-end fund BDCA Venture Inc. (Nasdaq: BDCV) said its board approved the termination of its investment advisory agreement.
