Pittsburgh Business Times – April 20, 2007
by Patty Tascarella
A plan to protect investors could put the pinch on fundraising.
A new U.S. Securities and Exchange Commission proposal, rule No. S-7-25-06, would raise the minimum net worth of accredited investors from the current $1 million to $2.5 million for pooled investments.
The SEC said the rule is intended [...]

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Business First of Columbus – April 20, 2007
by Frank Wojcik
For Business First
Lawrence J. Peter, author of “The Peter Principle,” once said that an economist is “an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” And yet, as we plan ahead for our businesses and personal lives, it’s essential we [...]

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Boston Business Journal – March 30, 2007
by Jill Gambon
Special to the Journal
With proxy season in full swing for many public companies, this may be the last time that some bombard their shareholders’ mailboxes with reams of printed proxy materials — annual reports, voting instructions and financial statements.
Under rules approved by the federal Securities and Exchange [...]

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Retired Congressman Michael Oxley blames the PCAOB for starting “all the problems” with the Sarbanes-Oxley Act.
Stephen Taub, CFO.com
April 06, 2007
Michael Oxley has been guaranteed immortality — and perhaps a degree of infamy — since his name was affixed to the Sarbanes-Oxley Act of 2002, the most comprehensive set of corporate rule changes since the 1930s.
Earlier [...]

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Source: Attorney-CPA, The,  Spring 2006  by Loev, David M,  Gillies, John S
On November 16, 2005, the Securities and Exchange Commission (the “Commission”) approved a proposed rule change to the National Association of Securities Dealers (”NASD”) Rule 6530, (the “Eligibility Rule”). Under the rule change, Over The-Counter Bulletin Board (”OTCBB”) issuers that fail to file a [...]

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