[isaacdstern]

http://www.banklesstimes.com/2015/04...-billion-mark/



MCC is headed toward an IPO, and the $1 billion figure was one milestone they wanted to reach before entering into that process. Another is to introduce a securitization, Mr. Sheinbaum said. He estimates MCC is between six and 12 months away from offering one. He cited Kabbage, OnDeck and Capital Access Network as three examples of platforms introducing a securitization.

[CreditGuy]

Will the SEC let Sheinbaum stay on board given his federal conviction for wire fraud?

[bizloanbroker]

not a chance they allow him to stay

[Jared_Weitz]

Steve's stuff is old and if looked at isn't anything that's as severe as most people in this industry who have been convicted of stock fraud or insider trading or falsifying reports to investors, etc...... it's not Steve the SEC would have to worry about at MCC. Like most though, if MCC goes public I am sure they will have to "clean house" a little bit. Nice evolution to see a start up go public.

[Chambo]

Will the SEC let Sheinbaum stay on board given his federal conviction for wire fraud?

His background will never pass SEC scrutiny. He'll have to step down and let someone else lead that charge.

Well, the dream was nice while it lasted....

[Chambo]

Steve's stuff is old and if looked at isn't anything that's as severe as most people in this industry who have been convicted of stock fraud or insider trading or falsifying reports to investors, etc...... it's not Steve the SEC would have to worry about at MCC. Like most though, if MCC goes public I am sure they will have to "clean house" a little bit. Nice evolution to see a start up go public.

The difference here Jared, they aren't going before the SEC. Stay private, and you can hire all sorts of folks. Go public, and you have to answer to Gov't authorities....and the press, and an intelligent investment public. Just look at the backpedaling On Deck has had to do. Now you are talking abotu the CEO,, or PRes (whatever his title these days)?

Look, I had my issues with MCC (and you too, but that's another story), but Sheinbaum is a nice guy at the end of the day. Unfortunately, when going public, you have to disclose everything...

[MCAVeteran]

They have a CEO they named in 2015- he's listed as founder on their site.

http://www.merchantcashandcapital.com/meet-the-team/