Growth Capitalist (https://growthcapitalist.com/author/bgoets/page/66/)
The Securities and Exchange Commission is using a recent enforcement case against a Silicon Valley investment firm that operated a pre-IPO company share exchange to highlight the agency’s new scrutiny of investments which have returns pegged to liquidity events such as public offerings or acquisitions.
After a year-long process of introducing new, stiffer qualifications (and fees) for companies listed on the OTC Markets Group’s OTCQB market tier, the listing service has pared down the number of companies quoted on the “QB” by two-thirds, to just less than a thousand companies.
Emerging growth finance attorney and alternative public offering expert David Feldman has moved to Global 100 law firm Duane Morris from boutique Richardson Patel, as the latter completes its merger with Los Angeles-based media and entertainment firm Mitchell Silberberg & Knupp.
A six-month exodus of investment banking and research analyst talent from Janney Montgomery Scott accelerated last week with the firm’s announcement last week that it will cease coverage and banking in consumer and technology industry groups and focus on financial institutions, infrastructure and healthcare.
