Growth Capitalist (https://growthcapitalist.com/category/premium-articles/legal/page/10/)
Legal developments affecting capital formation by pre-IPO private and public emerging growth companies
Securities lawyer Evan L. Greebel, who specialized in advising investors in PIPE transactions and other emerging-growth-company deals, was arrested along with his infamous client Martin Shkreli on charges of conspiracy to commit securities fraud.
The Securities and Exchange Commission is now regularly handing out fines and forcing settlements on private equity companies for not fulfilling the conditions of years-old partnership agreements.
Private company insiders will be able to sell their stock only three months after exercising options, rather than one year, under legislation approved Dec. 4.
The Securities and Exchange Commission asked a court to enforce a subpoena it served seven months ago against NetCirq LLC, whose service helped private company shareholders sell their stock.
