Growth Capitalist (https://growthcapitalist.com/author/tbuhl/page/19/)
The Department of Justice is getting tough on gatekeepers in the microcap industry, using wire taps to turn co-conspirators into confidential informants and secure guilty pleas and jail time. The latest is 46 year-old reverse merger lawyer Adam S. Gottbetter, who operated a law firm and placement agent specializing in alternative public offerings (APOs) of microcap stocks.
William Galvin, the Secretary of State for Massachusetts, has brought suit in the D.C. Court of Appeals to try to stop the Securities and Exchange Commission from implementing the Regulation A+ offering rules the agency approved in April and commencing the review of offering statements.
The Securities and Exchange Commission voted unanimously on May 6 to implement another component of the Jumpstart Our Business Startups (JOBS) Act by approving final rules of the tick size pilot program, including expanding the program’s term from one to two years.
A federal judge in the hedge fund capital of the U.S. has finally put some hedge fund managers in jail for crimes committed during the financial crisis. A year after pleading guilty to conspiracy to commit investor fraud, Connecticut hedge fund manager and former A.I.G. trader David A. Bryson, has been sentenced to 33 months in federal prison.
