Growth Capitalist (https://growthcapitalist.com/author/tbuhl/page/13/)
Miscommunication between Elio Motors and its new public shareholders prevented trades in its shares for the first three days after they were listed in the first offering under Regulation A+. Some brokerage firms were also said to be reluctant to accept the stock.
An administrative law judge with the Securities and Exchange Commission has ruled not to stay a securities fraud case, even though it may be threatened by federal court challenges to the SEC’s administrative law system.
A shareholder in Cayman Islands-based Caledonian Bank is seeking to block a legal settlement between Caledonian and the Securities and Exchange Commission over the bank’s alleged involvement in a series of pump-and-dump schemes.
Republican members of Congress and small business advocates are working to exempt emerging growth companies from a requirement to report their financials in XBRL, a computer language compatible with data analysis software.
