Growth Capitalist (https://growthcapitalist.com/author/bgoets/page/68/)
Nearly three years after the enactment of the JOBS Act, and 14 months after the first and only significant rule making action by the Securities and Exchange Commission to implement the Act, the law failed to make even a mention in the agenda of the Commission’s Government-Business Forum on Small Business Capital Formation, the annual meeting of regulators and emerging growth finance professionals held at SEC headquarters in Washington on November 20.
Of the approximately four dozen publicly traded marijuana-related companies valued above $1 million, marijuana vending machine maker Medbox (MDBX) stands out as one of the few that offer a plausible business model supported by some evidence of revenues.
The Securities and Exchange Commission has fined and barred two PIPE fund managers from the advisory industry for a minimum of two years for misappropriating fund assets for personal use.
In backing the first crowdfunded company to successfully complete an IPO on a U.S. stock exchange, Jon Medved’s OurCrowd has squared the circle on many of the suggested deficiencies of institutional equity crowd finance.
