In This Issue:

- Secrecy Provision of JOBS Act Boosts IPO Pipeline

- SEC Chair Says Companies Will Soon Have to Admit Wrongdoing

- SBA Revises Standards Determining Small Business Sizes

- Group Announces "Framework" to Simplify Small Firm Accounting

- SBA Looking to Ease Small Business Loan Process

- Startups Await SEC Crowdfunding Regulations

- Government Changes Rules to Improve Small Biz Innovation Grants

- Proposal Would Boost R&D Tax Credit for Innovative Startups

- Excerpt from Secrecy Provision of JOBS Act Boosts IPO Pipeline:

Several of the largest private mobile advertising companies are among a group of start-ups testing investors' appetites for tech IPOs by using a new confidential securities filing created last year, according to several people familiar with these companies' plans. The IPO candidates are among 175 U.S. companies from a range of industries that have filed such Draft Registration Statements (or DRS filings) since the JOBS Act of 2012 loosened capital-raising rules for emerging growth companies.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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