Photograph of skyscrapers with glass windows from the ground facing up to a blue sky
Whisp of smoke with black background

SEC Qualifies First Offering by U.S. Pot Grower

Whisp of smoke with black background

From the release of Cheech & Chong’s Up in Smoke in 1978 to former House Speaker John Boehner joining the board of a cannabis company forty years later, it’s been a long strange trip to legitimacy for the marijuana market. That chronic...

Read More
Stretching the fabric for a workout

SEC Moves Forward with Expansion of “Accredited Investors”

Stretching the fabric for a workout

There’s a famous anecdote about a conversation between F. Scott Fitzgerald and Ernest Hemingway regarding the super rich. The author of The Great Gatsby supposedly told Hemingway, “The rich are different from us.” Hemingway is said to have...

Read More
Five Key Things the SEC Wants Audit Committees to Know

Five Key Things the SEC Wants Audit Committees to Know

Five Key Things the SEC Wants Audit Committees to Know

Officials from the Securities and Exchange Commission gave public companies a belated Christmas gift on December 30, offering insights into their thoughts on a range of accounting issues. Commission officials have dropped hints about their...

Read More
Carton of eggs with one cracked

Companies Less Likely to Do “Big R” Financial Restatements

Carton of eggs with one cracked

Back in the early 2000s, seemingly mild-mannered corporate executives such as Kenneth Lay and Bernie Ebbers came to be known as some of the world’s most notorious supervillains. They weren’t hatching elaborate, cinema-style plots to achieve...

Read More
woman dips toe in water

“Test-the-Waters” Rule Lets Companies Dip a Toe in IPOs

woman dips toe in water

It has been a rough year for IPOs, as highly touted offerings keep flopping. Ride-sharing service Uber Technologies Inc. has seen its stock price fall more than 30% from the time it went public in May. The stock of Lyft Inc., meanwhile, is...

Read More