Growth Capitalist (https://growthcapitalist.com/author/tbuhl/page/11/)
State regulators in Montana and Massachusetts have lost their court battle against the Securities and Exchange Commission over the agency’s rulemaking that exempted “Tier 2” Regulation A offerings from state review.
The fallout from recent charges filed by the U.S. Securities Exchange Commission against veteran microcap deal lawyer Gregg Jaclin has delayed the closing of a prominent Reg A+ offering and may threaten the deal altogether as investors turn squeamish over the implications of Jaclin’s involvement in the offering.
Repeat securities fraud offender Gregg Mulholland was convicted on May 9 of criminal charges for his role in over 40 pump and dump schemes involving microcap companies.
A federal appellate court has taken up a case that threatens to void Regulations A+ offerings that have already been approved by the Securities and Exchange Commission.
