Meanwhile, on May 7, the Securities and Exchange Commission issued an Investor Alert highlighting the risks of investments relating directly or indirectly to Bitcoin. In particular, the SEC noted that Bitcoin early adopters and Bitcoin investment forums have been targets of fraudulent or high‑risk investment schemes, some of which have involved bitcoin-denominated investments. The Investor Alert further noted that if investors become victims of fraud or theft involving bitcoin-denominated investments, they may have limited recourse for recovering the stolen bitcoins. … [Read more...] about Federal Election Commission (FEC) Approves Bitcoin Political Donations While SEC Issues Investor Alert
Early adopter investor
Apple advanced 3.2 percent as investors cheered a spate of new product and service launches, including new streaming and gaming services. … [Read more...] about China tariff move cheers Wall Street as investors await ECB
How should telehealth providers and companies work to raise capital?The panelists advised that telehealth providers and companies “do their homework” regarding what their technology can do to help and to enhance an existing health system, as a means toward raising capital. Telehealth companies should be prepared to pursue strategic partnerships that would allow a potential health system partner to seamlessly integrate the telehealth services and/or platform into an existing system and/or platform. Companies should push a market-centric story. The panelists advised against companies pushing the message that their telehealth technology or platform will be a “win-win” for everyone; rather, companies should be prepared to explain the losers (i.e., the competing technologies and platforms that have not worked) and how their technology and/or platform will be able to navigate around that. Companies should acknowledge there is tremendous competition in the telehealth … [Read more...] about An Investor’s Insight into Telehealth
As discussed above, Meridian had allocated one vote to Bank of America as the prepetition holder of the Ratable Loan. Notwithstanding Bank of America’s sale of the loan to NB and NB’s subsequent assignment to the Funds, the District Court held that that the Funds were only entitled to one vote (assuming they were entitled to vote at all), as per Meridian’s classification. In relevant part, the District Court stated: … [Read more...] about The Meridian Sunrise Village Opinion Redux Re: Bankruptcy and Distressed Debt Investors
In referring to the Funds early on in the opinion as “…hedge funds that acquire distressed debt and engage in predatory lending…”, the appellate court telegraphed how the appeal would likely turn out. Not surprisingly, the district court affirmed the bankruptcy court’s decision, declining to adopt the Funds’ broader definition of “financial institution” that would include any entity that manages money. Instead, the court limited the meaning to “an entity that makes loans.” In other words, because the Funds were investors that had purchased the loans they did not qualify as financial institutions. … [Read more...] about Are Distressed Loan Fund Investors “Financial Institutions” and Why Does It Matter?