Legal
As Banks Curtail Growth Company Lending, BDCs Bulk Up
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Business development companies might take a larger share of the growth company financing market, if legislation before Congress is approved.
Growth Capitalist (https://growthcapitalist.com/category/premium-articles/legal/page/6/)
Legal developments affecting capital formation by pre-IPO private and public emerging growth companies
Business development companies might take a larger share of the growth company financing market, if legislation before Congress is approved.
State courts have been accepting some lawsuits from disappointed investors, despite legislation that was meant to keep securities suits in federal court.
Meyers Associates broker George Johnson was banned from the securities industry, while his supervisor was fined and suspended for two years, for allegedly manipulating the shares of IceWEB Inc. before Meyers arranged a private placement for the company.
Charles Moore, the founder and president of microcap brokerage firm Crucible Capital, accepted the ban under a settlement with the SEC over charges that the firm failed to maintain adequate capital and that it falsified books and records.