The PIPEs Report - September 2, 2008

Court Rules PIPEs ‘Immaterial’

The Securities and Exchange Commission lost a lawsuit against a former Friedman Billings Ramsay & Co. broker and hedge fund manger in a decision that may weaken the commission's standing to charge insider trading against investors who trade on their knowledge of pending PIPE transactions. Full Story

Year into Financial Stocks’ Drubbing, Will Banks Keep Tapping Market?

A little more than a year ago, the credit markets dried up and set off a flurry of PIPE activity by financial institutions that had never issued private placements before. Those deals have propelled dollar volume in the PIPE market to levels that had once been unimaginable. Full Story

Investor relations firms looking to get an edge in China and Hong Kong are applying varied strategies to attract business, but may still be clamoring for the same clients as potential investors flock to less risky stocks.

• SEC Confirms Worst for Former Shells
• Hong Kong Boutique Acquired by Cowen
• Clinical Trial Failure Pounds Cell Genesys Stock
• SEC Revokes Viragen's Registration
• PIPE & Reverse Merger Take Talent Agency Public
• New Small Cap Agent Led by Australia Specialist
• New Fund Empery Makes Debut PIPE Investment
• PIPE Issuer Fights Off Delisting with Wrinkle Cream
• Cantara Re-Emerges on Cautious Course
• Short Bias Strategy Outperforms All Others in July
• Hirings & Firings