The most thoughtful discussion on social media risk assessment and management

If you want to read only one report on social media and risk, I recommend Accenture’s whitepaper Comprehensive Approach to Managing Social Media Risk Compliance. You can download it here directly from Accenture. You can also watch a few videos from their team discussing the insights.

Their discussion follows exactly the same conversation path at the NYSE boardroom Summit two weeks ago.

The Accenture conversation:

“At issue here is the fact that traditional risk management policies and procedures were not designed for, quite literally, minute-by-minute monitoring of social media chatter to identify brand, strategy, compliance, legal, and market risks.”

ACCENTURE

One key takeaway: neither the NYSE Boardroom Summit nor the Accenture report make any judgments about  “should I stay or should I go now” in regard to social media. Social media is a given now. The point is to have a senior level discussion about risks and policies.

Our recommendation for using social media without RegFD concerns can be found here.

Have a great day.

IPOs and Transactions: October 13 – 17

There were 52 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services last week including Eventure Interactive Inc. w/ Crone Kline Rinde LLP, Labstyle Innovations Corp. w/ Ellenoff Grossman & Schole LLP and Propell Technologies Group Inc. w/ Gracin & Marlow, LLP.

We appreciate that they selected to work with us and we’re pleased that they found us to be the intelligent value.

NYSE_BOD-BANNER

Registrant Symbol Form Type Exchange Law firm / Advisor
MEMORIAL PRODUCTION PARTNERS LP MEMP S-3 Nasdaq Akin Gump Strauss Hauer & Feld LLP
OPC RESIDENTIAL PROPERTIES TRUST, INC. 10-12G Alston & Bird, LLP
LIBERTY BROADBAND CORP S-1 Baker Botts L.L.P.
PROPHECY ALPHA FUND I N-2 Baker, Donelson, Bearman, Caldwell & Berkowitz, PC
FIRST BUSEY CORP /NV/ BUSE S-3 Nasdaq Barack Ferrazzano Kirschbaum & Nagelberg LLP
GNB FINANCIAL SERVICES INC GNBF S-4 Bybel Rutledge LLP
ALKALINE WATER CO INC WTER S-1 OTC Clark Wilson LLP
POLAR STAR REALTY TRUST INC. S-11 Clifford Chance US LLP
SELECT INCOME REIT SIR S-4 NYSE Cole Capital
AMERICAN NATIONAL BANKSHARES INC. AMNB S-4 Nasdaq CowanPerry, PC
EVENTURE INTERACTIVE, INC. EVTI S-1 OTC Crone Kline Rinde LLP
LPATH, INC LPTND S-3 Nasdaq DLA Piper LLP
NEOTHETICS, INC. S-1 DLA Piper LLP
WORKIVA LLC S-1 Drinker Biddle & Reath LLP
LABSTYLE INNOVATIONS CORP. DRIO S-1 OTC Ellenoff Grossman & Schole LLP
LPATH, INC LPTND S-3 Nasdaq Ellenoff Grossman & Schole LLP
MYOS CORP MYOS S-3 Nasdaq Ellenoff Grossman & Schole LLP
CME GROUP INC. CME S-4 Nasdaq GFI Group Inc.
HABIT RESTAURANTS, INC. S-1 Gibson, Dunn & Crutcher LLP
ADVANCED CELL TECHNOLOGY, INC. ACTC S-3 OTC Goodwin Procter LLP
PROPELL TECHNOLOGIES GROUP, INC. PROPD S-1 OTC Gracin & Marlow, LLP
GYROTRON TECHNOLOGY INC GYTI 10-12G OTC Gyrotron Technology, Inc.
CHINA CUSTOMER RELATIONS CENTERS, INC. S-1 Haneberg, PLC
DIVERSIFIED RESOURCES INC. DDRI S-1 OTC Hart & Hart, LLC
CITY OFFICE REIT, INC. CIO S-11 NYSE Hunton & Williams LLP
XUMANII INTERNATIONAL HOLDINGS CORP XUII S-1 OTC Imerjn
REYNOLDS AMERICAN INC RAI S-4 NYSE Jones Day
COMMUNITY FINANCIAL CORP /MD/ TCFC S-3 Nasdaq Kilpatrick Townsend & Stockton LLP
EVERYWARE GLOBAL, INC. EVRY S-1 Nasdaq Kirkland & Ellis LLP
INOGEN INC INGN S-1 Nasdaq Latham & Watkins LLP
NEOTHETICS, INC. S-1 Latham & Watkins LLP
POLAR STAR REALTY TRUST INC. S-11 Latham & Watkins LLP
OCEAN RIG PARTNERS LP F-1 Latham and Watkins LLP
NIMTECH CORP S-1 Law Offices of Scott D. Olson, PLLC
AMERICAN NATIONAL BANKSHARES INC. AMNB S-4 Nasdaq LeClairRyan, PC
NUVILEX, INC. NVLX S-3 OTC Loeb & Loeb LLP
REYNOLDS AMERICAN INC RAI S-4 NYSE Lorillard, Inc.
BCB BANCORP INC BCBP S-3 Nasdaq Luse Gorman Pomerenk & Schick, P.C.
WORKIVA LLC S-1 Mayer Brown LLP
RICH CIGARS INC S-1 Michael A. Littman, Attorney at Law
NEUROMETRIX, INC. NURO S-3 Nasdaq Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
OCEAN RIG PARTNERS LP F-1 Morgan, Lewis & Bockius LLP
SELECT INCOME REIT SIR S-4 NYSE Morris, Manning & Martin, LLP
NETLIST INC NLST S-3 Nasdaq Morrison & Foerster LLP
FIRST PRIORITY TAX SOLUTIONS INC. S-11 Olshan Frome Wolosky LLP
CAESARS ENTERTAINMENT RESORT PROPERTIES, LLC S-4 Paul, Weiss, Rifkind, Wharton & Garrison LLP
CEC ENTERTAINMENT INC CEC S-4 Paul, Weiss, Rifkind, Wharton & Garrison LLP
VERISILICON HOLDINGS CO LTD F-1 Pillsbury Winthrop Shaw Pittman LLP
GNB FINANCIAL SERVICES INC GNBF S-4 Rhoads & Sinon LLP
AMG PANTHEON PRIVATE EQUITY FUND, LLC N-2 Ropes & Gray LLP
HABIT RESTAURANTS, INC. S-1 Ropes & Gray LLP
CARBON CREDIT INTERNATIONAL, INC. S-1 Securities Compliance Group, Ltd.
OCEAN RIG PARTNERS LP F-1 Seward & Kissel LLP
CITY OFFICE REIT, INC. CIO S-11 NYSE Shearman & Sterling LLP
ENDURANCE EXPLORATION GROUP, INC. TTNCD 10-12G OTC Shumaker, Loop & Kendrick, LLP
NORTH BAY RESOURCES INC NBRI S-1 OTC Sichenzia Ross Friedman Ference LLP
OMAGINE, INC. OMAG S-1 OTC Sichenzia Ross Friedman Ference LLP
VERISILICON HOLDINGS CO LTD F-1 Sidley Austin LLP
SOUTHERN MISSOURI BANCORP INC SMBC S-3 Nasdaq Silver, Freedman, Taff & Tiernan LLP
REYNOLDS AMERICAN INC RAI S-4 NYSE Simpson Thacher & Bartlett LLP
WALTER INVESTMENT MANAGEMENT CORP WAC S-4 NYSE Simpson Thacher & Bartlett LLP
CME GROUP INC. CME S-4 Nasdaq Skadden, Arps, Slate, Meagher & Flom LLP
PROSPECT CAPITAL CORP PSEC N-2 Nasdaq Skadden, Arps, Slate, Meagher & Flom LLP
SELECT INCOME REIT SIR S-4 NYSE Skadden, Arps, Slate, Meagher & Flom LLP
NET ELEMENT, INC. NETE S-3 Nasdaq Snell & Wilmer L.L.P.
CHINA CUSTOMER RELATIONS CENTERS, INC. S-1 Szaferman, Lakind, Blumstein & Blader, P.C.
POLYPID LTD. F-1 Troutman Sanders LLP
ADAMIS PHARMACEUTICALS CORP ADMP S-3 Nasdaq Weintraub Tobin Chediak Coleman Grodin, Law Corp.
CME GROUP INC. CME S-4 Nasdaq White & Case LLP
CME GROUP INC. CME S-4 Nasdaq Willkie Farr & Gallagher LLP
INOGEN INC INGN S-1 Nasdaq Wilson Sonsini Goodrich & Rosati, PC
POLYPID LTD. F-1 Yigal Arnon & Co.
PLURISTEM THERAPEUTICS INC PSTI S-3 Nasdaq Zysman, Aharoni, Gayer and Sullivan & Worcester LLP
POLYPID LTD. F-1 Zysman, Aharoni, Gayer and Sullivan & Worcester LLP

Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors. Click here and opt-in to receive this weekly summary via email.

Click here to review the week’s underwriters.

Have a great week.

IPO Underwriters of the Week: October 13 – 17

Congratulations to the corporations and underwriters that worked with our transaction services team. Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

VDR_banner_blog

Registrant Form Underwriter 1 Underwriter 2 Underwriter 3 +
POLYPID LTD. F-1 Aegis Capital Corp. MLV & Co. Chardan Capital Markets, LLC
OCEAN RIG PARTNERS LP F-1 Barclays Capital Inc. Merrill Lynch, Pierce, Fenner & Smith Inc. Credit Suisse Securities (USA) LLC / Deutsche Bank Securities Inc. / UBS Securities LLC / Raymond James & Associates, Inc.
VERISILICON HOLDINGS CO LTD F-1 Barclays Capital Inc. Jefferies LLC Stifel, Nicolaus & Company, Inc. / Wells Fargo Securities, LLC / Oppenheimer & Co. Inc.
PROPHECY ALPHA FUND I N-2 Capital Investment Group, Inc. ~ ~
POLAR STAR REALTY TRUST INC. S-11 FBR Capital Markets & Co. Wunderlich Securities, Inc. ~
INOGEN INC S-1 J.P. Morgan Securities LLC William Blair & Company, L.L.C Leerink Partners, LLC / Needham & Company, LLC
CITY OFFICE REIT, INC. S-11 Janney Montgomery Scott LLC Wunderlich Securities, Inc. Oppenheimer & Co. Inc.
EVENTURE INTERACTIVE, INC. S-1 Kodiak Capital Group, LLC Monarch Bay Securities, LLC ~
ADVANCED CELL TECHNOLOGY, INC. S-3 Lincoln Park Capital Fund, LLC ~ ~
WORKIVA LLC S-1 Morgan Stanley & Co. LLC Credit Suisse Securities (USA) LLC Robert W. Baird & Co. Inc. / Raymond James & Associates, Inc. / Stifel, Nicolaus & Company, Inc.
NEOTHETICS, INC. S-1 Piper Jaffray & Co. Guggenheim Securities, LLC Needham & Company, LLC
HABIT RESTAURANTS, INC. S-1 Piper Jaffray & Co. Robert W. Baird & Co. Inc. Wells Fargo Securities, LLC / Raymond James & Associates / Stephens Inc. / Stifel, Nicolaus & Company, Inc.
RICH CIGARS INC S-1 RichKeys  Enterprises, LLC ~ ~
XUMANII INTERNATIONAL HOLDINGS CORP S-1 Southridge ~ ~
NORTH BAY RESOURCES INC S-1 Tangiers Capital, LLC ~ ~
OMAGINE, INC. S-1 YA Global Master SPV Ltd. ~ ~

Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors.

Have a great week.

…Tuesday, Wednesday, Kudosday…

KUDOS_VF

.

If you work in the corporate compliance and securities law niche, you know clients are very close-to-the-vest in regard to “testimonials.” That said, our staff gets a lot of praise daily – and we can’t not share the good news (anonymized for privacy). Sales can offer you full named references.

Here is this weeks’


KUDOS_quoteKudos to Entire Team

Many thanks for your efforts in preparation of this 10-K. It is the best filing made by [the company] so far.

I am pleased to be working with such a professional team which provides a tremendous boost of confidence. I look forward to continue our working relationship with you.

.

.
KUDOS_quoteKudos to Transaction team

On behalf of [company] management and our Board, I wanted to express my sincere gratitude and thanks for your support and HARDWORK throughout the past few weeks. Excellent teamwork! Enjoy your weekend!.

 

 

KUDOS_quoteKudos to Entire Team

Thanks! You guys are really fast.

 

 

.

.

KUDOS_quoteKudos to XBRL SaaS Team

Thanks for fixing the FN on Note G. We went with option A to fix the balance sheet, and it now looks fine. Thanks for pointing out the nuances, which have also now been fixed.

As an aside, so far, I really like working with your software. Much easier to work with than our previous software product.

 

.

.

KUDOS_quoteKudos to Transaction Team

… our experience was quite positive. The staff was responsive and timely, especially given the crunch we were under.

I would be more than happy to recommend Vintage’s services to others.

 

 

 

Thanks to our experts for delivering intelligent value!

 

Board members are under a lot of pressure. Sending “Tweets” is not one of them.

The 11th Annual NYSE Boardroom Summit was an exceptional conference. Hundreds of directors, general counsel and compliance officers from hundreds of public companies’ boards assembled to review the essential issues that drove success in 2014 and what will drive success in 2015.

NYSEBOARD

One point was evident – the board members in attendance have an intense desire to be effective as possible: cyber-security, succession, diversity, culture, activists, crisis preparation, say-on-pay were all on the two-day agenda. The common tread across all these topics was understanding and mitigating risk for company and shareholder alike. You can download the summit handbook here now, courtesy of the NYSE Governance Services team.

One of the most promising sessions (that pertains to this blog) was titled “Social Media and the Changing Landscape of Corporate Disclosure.” Being a noise-maker in the shareholder communications industry, I was looking forward to hearing what boards were doing in regard to social media: 1.) what channels do they use, 2.) what topics do they share, 3.) how they work with the company to assure no material disclosure.

Well, the conference would have none of that. Having directors personally active in outbound social media was never discussed. Not even in the slightest. The dialog was completely focused on the business and risk oversight of the companies’ use of social media. It’s important to emphasize there was not a “should we or shouldn’t we” debate like is still lingering in investor relations. The board was not “against” social media - it’s just not in their sphere of communication responsibilities.

Ironically, these four tweets best summarize the session:

  • Boards’ responsibility is to concentrate on social media risk and policy rather than “tweeting.” #NYSummit
  • Boards to focus on the prevention of the negative rather than the promotion of the positive re: #socialmedia #NYSummit

Have a great day.

IPOs and Transactions: October 6 – 10

There were 43 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services last week including Ibio Inc. w/ Andrew Abramowitz PLLC and 22nd Century Group Inc. w/ Foley & Lardner LLP.

We appreciate that they selected to work with us and we’re pleased that they found us to be the intelligent value.

NYSE_BOD-BANNER

Registrant Symbol Form Exchange Law firm / Advisor
ALLSTATE LIFE INSURANCE CO ~ S-3 ~ Allstate Life Insurance Company
IBIO, INC. IBIO S-1 NYSE Andrew Abramowitz, PLLC
ENERGIE HOLDINGS, INC. ELED S-1 OTC Andrew I., Telsey P.C.
LANDMARK INFRASTRUCTURE PARTNERS LP ~ S-11 ~ Andrews Kurth LLP
SOTHERLY HOTELS INC. SOHO S-3 Nasdaq Baker & McKenzie LLP
QVC INC ~ S-4 ~ Baker Botts L.L.P.
AUTOGENOMICS, INC. AGMX S-1 ~ Bingham McCutchen LLP
BANNER CORP BANR S-4 Nasdaq Breyer & Associates PC
NICOLET BANKSHARES INC NCBS S-3 OTC Bryan Cave LLP
AGENUS INC AGEN S-3 Nasdaq Choate, Hall & Stewart LLP
ONEMAIN FINANCIAL HOLDINGS, INC. ~ S-1 ~ Cleary Gottlieb Steen & Hamilton LLP
AUTOGENOMICS, INC. AGMX S-1 ~ Cooley LLP
ONEMAIN FINANCIAL HOLDINGS, INC. ~ S-1 ~ Davis Polk & Wardwell LLP
ACTION SPORTS MEDIA, INC. ~ S-1 ~ Diane D. Dalmy  Atty.
PURE BIOSCIENCE, INC. PURE S-1 OTC DLA Piper LLP (US)
ASCENT SOLAR TECHNOLOGIES, INC. ASTI S-3 Nasdaq Faegre Baker Daniels LLP
22ND CENTURY GROUP, INC. XXII S-3 NYSE Foley & Lardner LLP
FORMIGLI INC. ~ S-1 ~ Formigli Inc.
NAVIOS MARITIME MIDSTREAM PARTNERS LP ~ F-1 ~ Fried, Frank, Harris, Shriver & Jacobson LLP
HEAT BIOLOGICS, INC. HTBX S-3 Nasdaq Gracin & Marlow, LLP
HISTOGENICS CORP ~ S-1 ~ Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP
NEW CENTURY RESOURCE ~ 10-12G ~ Heston Nielson, Esq.
ELLINGTON RESIDENTIAL MORTGAGE REIT EARN S-3 NYSE Hunton & Williams LLP
SUNRISE TOURS, INC. ~ S-1 ~ InCorp Services, Inc
AB INTERNATIONAL GROUP CORP. ~ S-1 ~ InCorp Services, Inc
KNIGHT KNOX DEVELOPMENT CORP. ~ S-1 ~ John T. Root, Jr.
SPRINT CORP S S-4 NYSE Jones Day
HISTOGENICS CORP ~ S-1 ~ K&L Gates LLP
VICAN RESOURCES, INC. VCAN S-1 OTC Kenneth I. Denos, P.C.
BANNER CORP BANR S-4 Nasdaq Lane Powell PC
NAVIOS MARITIME MIDSTREAM PARTNERS LP ~ F-1 ~ Latham & Watkins LLP
LANDMARK INFRASTRUCTURE PARTNERS LP ~ S-11 ~ Latham & Watkins LLP
INC RESEARCH HOLDINGS, INC. ~ S-1 ~ Latham & Watkins LLP
ATLAS RESOURCES LLC ~ S-4 ~ Ledgewood
ORBIS CORP ~ S-1 ~ Legal & Compliance, LLC
CALIFORNIA REPUBLIC FUNDING LLC ~ S-3 ~ Mitchell Silberberg & Knupp LLP
ASPEN GROUP, INC. ASPUE S-1 OTC Nason, Yeager, Gerson, White & Lioce, P.A.
ONCONOVA THERAPEUTICS, INC. ONTX S-3 Nasdaq Pepper Hamilton LLP
ETF MANAGERS GROUP COMMODITY TRUST I ~ S-1 ~ Reed Smith LLP
MINISTRY PARTNERS INVESTMENT COMPANY, LLC ~ S-1 ~ Rushall & McGeever
INTERCORP FINANCIAL SERVICES INC. ~ F-1 ~ Shearman & Sterling LLP
CALIFORNIA REPUBLIC FUNDING LLC ~ S-3 ~ Sidley Austin LLP
INTERCORP FINANCIAL SERVICES INC. ~ F-1 ~ Simpson Thacher & Bartlett LLP
BB&T CORP BBTPRE S-4 NYSE Squire Patton Boggs (US) LLP
FIAT INVESTMENTS N.V. ~ F-1 ~ Sullivan & Cromwell LLP
BB&T CORP BBTPRE S-4 NYSE The Bank of Kentucky Financial Corporation
PRECISION OPTICS CORPORATION, INC. PREO S-1 OTC Trombly Business Law, P.C.
MARKWEST ENERGY PARTNERS L P MWE S-3 NYSE Vinson & Elkins L.L.P.
RHINO RESOURCE PARTNERS LP RNO S-3 NYSE Vinson & Elkins L.L.P.
BB&T CORP BBTPRE S-4 NYSE Wachtell, Lipton, Rosen & Katz
NEW REMY HOLDCO CORP. ~ S-4 ~ Weil, Gotshal & Manges LLP
INC RESEARCH HOLDINGS, INC. ~ S-1 ~ Weil, Gotshal & Manges LLP
AUSCRETE CORP ~ S-1 ~ White – Welker & Welker, LLC
NEW REMY HOLDCO CORP. ~ S-4 ~ Willkie Farr & Gallagher LLP
INC RESEARCH HOLDINGS, INC. ~ S-1 ~ Wyrick Robbins Yates & Ponton LLP
BB&T CORP BBTPRE S-4 NYSE Ziegler & Schneider, P.S.C.
ON TRACK INNOVATIONS LTD OTIV S-3 Nasdaq Zysman, Aharoni, Gayer and Sullivan & Worcester LLP

Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors. Click here and opt-in to receive this weekly summary via email.

Click here to review the week’s underwriters.

Have a great week.

IPO Underwriters of the Week: October 6 – 10

Congratulations to the corporations and underwriters that worked with our transaction services team. Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

VDR_banner_blog

Registrant Form Underwriter 1 Underwriter 2 Underwriter 3 +
ALLSTATE LIFE INSURANCE CO S-3 ALFS, Inc. Allstate Distributors, L.L.C. Morgan Stanley & Co. LLC
IBIO, INC. S-1 Aspire Capital Fund, LLC ~ ~
HEAT BIOLOGICS, INC. S-3 Cantor Fitzgerald & Co. ~ ~
ONCONOVA THERAPEUTICS, INC. S-3 Cantor Fitzgerald & Co. ~ ~
ONEMAIN FINANCIAL HOLDINGS, INC. S-1 Citigroup Global Markets Inc. ~ ~
HISTOGENICS CORP S-1 Cowen and Company, LLC Needham & Company, LLC Canaccord Genuity Inc. / BTIG, LLC
INTERCORP FINANCIAL SERVICES INC. F-1 Credit Suisse Securities (USA) LLC Merrill Lynch, Pierce, Fenner & Smith Inc. Morgan Stanley & Co. LLC / Itau BBA USA Securities Inc.
ENERGIE HOLDINGS, INC. S-1 Dutchess Opportunity Fund, II, LP ~ ~
NEW REMY HOLDCO CORP. S-4 Fidelity National Financial, Inc. ~ ~
INC RESEARCH HOLDINGS, INC. S-1 Goldman, Sachs & Co. Credit Suisse Securities (USA) LLC Robert W. Baird & Co. Inc. / Wells Fargo Securities, LLC / William Blair & Company L.L.C.
NAVIOS MARITIME MIDSTREAM PARTNERS LP F-1 Merrill Lynch, Pierce, Fenner & Smith Inc. Citigroup Global Markets Inc. Credit Suisse Securities (USA) LLC / J.P. Morgan Securities LLC / S. Goldman Advisors LLC
MINISTRY PARTNERS INVESTMENT COMPANY, LLC S-1 Ministry Partners Securities, LLC ~ ~
AGENUS INC S-3 MLV & Co. LLC ~ ~
ATLAS RESOURCES LLC S-4 Morgan Stanley & Co. LLC UBS Securities LLC ~
LANDMARK INFRASTRUCTURE PARTNERS LP S-11 Robert W. Baird & Co. Inc. Raymond James & Associates, Inc. RBC Capital Markets, LLC / Janney Montgomery Scott LLC
AUTOGENOMICS, INC. S-1 Stifel, Nicolaus & Company, Inc. Canaccord Genuity Inc. Cantor Fitzgerald & Co.

Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors.

Have a great week.