This Week’s News from the SEC & FINRA (Apr 21, 2017)

For the Week of April 21st, 2017

Welcome to our blog that is dedicated to the variety of news announcements from the SEC and FINRA.  We also take a look at various news from out sources relating to these agencies. I was traveling during March, and as a result, I missed a couple of weeks of the blog. As a result, this week’s edition looks back several weeks to our last blog article.

The full list of releases from the SEC and FINRA is available to visitors of our site through the links below.  The actions that we have highlighted by listing them below, are those that have caught our attention for some particular reason; one that we will generally discuss.

SEC LITIGATION NEWS (Full List):

  • SEC Freezes Brokerage Accounts Behind Alleged Insider Trading (more)
  • SEC: Payments for Bullish Articles on Stocks Must Be Disclosed to Investors (more)
  • SEC Adopts JOBS Act Amendments to Help Entrepreneurs and Investors (more)
  • SEC Charges Muni Bond Underwriter with Gatekeeper Failures (more)
  • SEC Announces Agenda for April 5th Meeting of the Equity Market Structure Advisory Committee (more)
  • Court Enters Judgment in Unregistered Securities Offering (more)

SEC ADMINISTRATIVE NEWS (Full List):

  • SEC Action Related to Inaccurate Financial Statements (more)
  • SEC Action Against Shell Company Creator (more)
  • SEC Action Regarding Stock Kickback Payments (more)

SEC TRADING SUSPENSIONS (Full List):

  • Bingo Nation (more)
  • Sunshine Capital (more)
  • Algeta ASA (more)
  • Immage Biotherapeutics Corp (more)
  • AgriEuro Corp. (more)
  • eMedia Group (more)
  • New Gen BioPharma (more)
  • China BioPharma (more)
  • Ubiquity (more)

FINRA NEWS (Full List):

  • FINRA Requests Comments on Rules Impacting Capital Formation (more)
  • FINRA Requests Comments on Proposed Limited Safe Harbor from FINRA Equity & Debt Research Rules for Desk Commentary (more)
  • National Adjudicatory Council Introduces New Sanction Guidelines (more)
  • FINRA Requests Comments on Proposed Amendments to Corporate Financing Rule (more)

 

About Coral Capital Partners and Erik Nelson

Erik Nelson is the President of Coral Capital Partners, an independent consulting and advisory firm focused on companies and participants in the lower and middle markets. Coral Capital Partners provides cost effective solutions to real world issues and situations. Coral Capital Partners, Inc. provides services to Investment Banks, Private Equity Funds, investors, and both privately held and publicly traded companies, as well as various stakeholders in those organizations. This has included international public companies with operations on three (3) continents to smaller privately held domestic companies. Our experience in the areas of corporate advisory, due diligence reviews, and regulatory compliance allows for a cost effective and efficient solution to the issues at hand. Please feel free to visit our web site at: www.coralcapital.com or call our offices via. telephone # (404)-816-9220 to see how we may be of assistance.

Highlights from the Atlanta ACG 2017 Capital Connection Conference

Highlights from the Atlanta ACG Capital Connection Conference

We recently attended the Atlanta Association for Capital Growth 2017 Capital Connection Conference.  The conference was February 8th & 9th at the Georgia World Congress Center in Atlanta, GA. We have attended this conference a couple of times in the past, and generally found it to be a worthwhile event to attend.

For those who are not familiar with the Association for Capital Growth, the ACG (as it is commonly called) is an organization firms and professionals focused on mergers and acquisitions and some corporate growth.  Founded in 1954, ACG now has more than 14,500 members from corporations, private equity, finance, and professional service firms representing Fortune 1000, FTSE 100, and mid-market companies. There are 57 chapters in North America and Europe.

The Atlanta chapter of the ACG sponsors the 2017 Capital Connection Conference.  The principal focus of this conference is on mergers and acquisitions, the brokerage firms and private equity firms heavily involved in M&A, and those firms in supporting roles.

There were several interesting presentations and speakers.  The 1st day of the conference, Neal Aronson, the Founder and Managing Partner of Roark Capital Group gave an interesting presentation on his firm and its turn around efforts for Arby’s, which it had acquired several years earlier.  He also spent some time detailing his take on the status of the private equity industry and the changes he has witnessed since the founding of the firm.

On the 2nd day of the conference, Frank Patterson, the President of Pinewood Atlanta Studios gave a fascinating presentation on some of the high tech innovations in the film industry.  He also spent some time discussing why he thinks that the recent burst of film activity in Georgia is not a passing thing.  Mr. Patterson expressed his belief that the state of Georgia is going to be a major player in the film industry for a long time to come. A good portion of this belief is centered on the positive business environment created by the state, and the number of permanent facilities being built in the state.

Vivek Kundra provided the keynote lunch address on the 2nd day.  Mr. Kundra is currently an Executive Vice-President with Saleforce.com  However, prior to his current position, Mr. Kundra was the United States Chief Information Officer.  He was appointed as the 1st US CIO by President Obama, and tasked with overseeing $80 billion in annual technology spending.  He had a lot of interesting insight into the problems that plague the bureaucracy of the Federal Government.

There were also several interesting panel discussions on topics of interest related to mergers and acquisitions.

Overall, it was a good conference and we are looking forward to attending the next ACG Capital Connection in 2018.

About Coral Capital Partners and Erik Nelson

Erik Nelson is the President of Coral Capital Partners, an independent consulting and advisory firm focused on companies and participants in the lower and middle markets. Coral Capital Partners provides cost effective solutions to real world issues and situations. Coral Capital Partners, Inc. provides services to Investment Banks, Private Equity Funds, investors, and both privately held and publicly traded companies, as well as various stakeholders in those organizations. This has included international public companies with operations on three (3) continents to smaller privately held domestic companies. Our experience in the areas of corporate advisory, due diligence reviews, and regulatory compliance allows for a cost effective and efficient solution to the issues at hand. Please feel free to visit our web site at: www.coralcapital.com or call our offices via. telephone # (404)-816-9220 to see how we may be of assistance.

This Week’s News from the SEC & FINRA (Mar. 3, 2017)

This week we launch a new blog that is dedicated to taking a look at news from the Securities Exchange Commission (SEC) and the Financial Industry Regulatory Agency (FINRA).  The principal focus of this blog will be the variety of news announcements from the SEC and FINRA.  We will also take a look at various news from other sources relating to these agencies.

The full list of releases from the SEC and FINRA is available to visitors of our site through the links below.  The actions that we have highlighted by listing them below, are those that have caught our attention for some particular reason; one that we will generally discuss.

SEC LITIGATION NEWS (Full List):

  • Court Enters Final Judgment Against Promoters and Sellers of Fraudulent Oil and Gas Investments (More)
  • First Circuit Affirms Federal Criminal Conviction Against Boston-Area Defendant Accused of Insider Trading (More)
  • SEC Freezes Assets of Unknown Traders in Supsected Insider Trading Ahead of Fortress Acquisition (More)

SEC ADMINISTRATIVE NEWS (Full List):

The SEC filed approximately eight (8) Administrative Actions last week.  The following caught our attention.

  • WEB DEBT SOLUTIONS: The SEC announced the issuance on February 21st, 2017 or an Order Temporarily Suspending Exemption Pursuant to Rule 258 of Regulation A Under the Securities Act of 1933.  Webb Debt Solutions filed a Regulation A Tier 1 Offering Statement on July 11th, 2016.  The SEC stated that it has reason to believe [Webb Debt] “… made material misrepresentations in the Offering Statement regarding the value of its assets, the industry experience of its CEO, and the location of its principal office.”

SEC TRADING SUSPENSIONS (Full List):

For the week of March 3rd, 2017

FINRA NEWS (Full List):

While not quite from last week, the following caught our attention:

FINRA REGULATORY NOTICES (Full List):

Nothing that we found interesting to non-FINRA members.

About Coral Capital Partners and Erik Nelson

Erik Nelson is the President of Coral Capital Partners, an independent consulting and advisory firm focused on companies and participants in the lower and middle markets. Coral Capital Partners provides cost effective solutions to real world issues and situations. Coral Capital Partners, Inc. provides services to Investment Banks, Private Equity Funds, investors, and both privately held and publicly traded companies, as well as various stakeholders in those organizations. This has included international public companies with operations on three (3) continents to smaller privately held domestic companies. Our experience in the areas of corporate advisory, due diligence reviews, and regulatory compliance allows for a cost effective and efficient solution to the issues at hand. Please feel free to visit our web site at: www.coralcapital.com or call our offices via. telephone # (404)-816-9220 to see how we may be of assistance.