Reg A+

Roger Ng Found Guilty of Conspiring to Violate the Foreign Corrupt Practices Act and Commit Money Laundering in Connection with 1MDB Scheme A former Managing Director of The Goldman Sachs Group Inc. (Goldman Sachs) was convicted last week by a federal jury in the Eastern District of New York for conspiring to commit bribery, to circumvent internal accounting controls, and...

Oshri tried to stop the release of Vargas's series exposing her alleged participation in a $370M PPE scheme In June 2021, Investor News reporter Aitana Vargas was served with court papers to stop the release of her months-long investigative series exposing entrepreneur Hadari Oshri's participation in an alleged multimillion-dollar PPE scam with conman Marc Lubaszka. In September 2021, Oshri's meritless legal...

​California Cannabis Powerhouse, Harborside, is Another Public Launch on the Horizon Last month, I mentioned the Pax Labs IPO as probably the biggest moment for the cannabis industry next year. Pax is Juul's cannabis-focused sister and the stock will be in high demand as it technically does not touch the plant as it is more of a "Keurig for cannabis"...

Brokerage firm sold $13.3 million worth of high-risk bonds to retirees and other retail investors Washington D.C. — The Securities and Exchange Commission has charged registered broker-dealer Western International Securities, Inc. and five of its registered representatives, or brokers – Nancy Cole, Patrick Egan, Andy Gitipityapon, Steven Graham, and Thomas Swan – with violating Best Interest Obligation regulations (commonly referred...

SEC’s Investment Rule Updates and Cannabis Fundraising Recently the SEC updated its rules to simplify the patchwork of regulations to help companies in fundraising mode. This matters to cannabis companies of all types, especially those that want to utilize the available federal exemptions in their securities offerings. In the SEC’s own words, “These amendments will promote capital formation and expand investment opportunities while...

Washington D.C. — The Securities and Exchange Commission this week announced that it has extended the public comment period on the proposed rulemaking to enhance and standardize climate-related disclosures for investors until June 17, 2022. The SEC also announced that it will reopen the comment periods on the proposed rulemaking to enhance private fund investor protection and on the...

The Securities and Exchange Commission proposed this week new Regulation SE under the Securities Exchange Act of 1934 (the Exchange Act) to create a regime for the registration and regulation of security-based swap execution facilities (SBSEFs). The new regulatory framework was one of the major reforms required under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection...

Issuers rejoice as the SEC Raises Reg CF to $5 million and Reg A+ to $75 million. The Securities and Exchange Commission delivered new proposals to change the limits issuers can raise through Reg CF and Reg A+. The new changes will dramatically change and impact platforms that offer online securities and increase the benefits for smaller issuer companies looking...

Washington D.C. — The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 58 soliciting entities, 11 impersonators of genuine firms, and one bogus regulator. The SEC’s list of soliciting entities that have been the subject of investor complaints, known as the Public Alert: Unregistered...

Washington D.C. — The Securities and Exchange Commission has adopted amendments to require certain documents filed by investment advisers, institutional investment managers, and certain other entities to be filed or submitted electronically. The amendments also make technical amendments to modernize Form 13F and enhance the information provided. The amendments are intended to promote efficiency, transparency, and operational resiliency by...