Tagged: mary schapiro

On Crowdfunding & SEC Chair Mary Jo White’s Legacy

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SEC Chair Mary Jo White, October 23 2013Because of the impact that this rule could have on the market, we have directed the staff to develop a comprehensive work plan to review and monitor the use of the crowdfunding exemption. If the proposal is adopted, the staff will proceed under the work plan to evaluate… Read More

Mary Jo White Pushing To Lift Ban On General Solicitation

SEC Small Business Capital Formation 2012

Bloomberg is reporting that newly minted SEC Chairman Mary Jo White is pushing to lift the ban on general solicitation. From the article… White, who became SEC chairman on April 10, has suggested the commission pass the existing plan without major changes and add additional protections later, said the people, who declined to be identified because the… Read More

On Mary Schapiro’s Legacy


I look forward to talking tomorrow. I have 2 worries – one is that if these guys (CFA, et al) feel this strongly, it seems like we should give them a comment period. Its not really asking for much… The other is that I don’t want to be tagged with an Anti-Investor legacy. In light of… Read More

Senator Michael Bennet Pushes SEC on Crowdfunding

In a letter forwarded to outgoing SEC Chairman Mary Schapiro, Senator Bennet advances the need to not pose an “undue burden on small business”.  This reflects the balance between disclosure from the prospective crowdfunding business and the need for appropriate information regarding due diligence from the investors.  The letter is posted here but the text… Read More

Schapiro’s Boss: Why the SEC chief delayed a Jobs Act rule to help capital formation


Chairman Mary Schapiro has announced she’s leaving the SEC, and Democrats are applauding her tenure. But she shouldn’t be allowed to leave without more attention to her delay, in order to appease a lobbyist, of a new rule that would ease capital formation. Emails turned up by Congressman Patrick McHenry (R., N.C.) explain why the SEC missed… Read More

A mixed record: Mary Schapiro leaves the SEC

THE unsurprising resignation of Mary Schapiro, head of the Securities and Exchange Commission (SEC), announced on November 26th, was followed by an unsurprising flurry of statements dripping with faint praise. True, the financial markets did not collapse during her tenure, and she was more engaged than her disastrous predecessor, Christopher Cox. But those are very… Read More

Trading and Markets Director Robert Cook to Leave SEC

Washington, D.C., Dec. 5, 2012 — The Securities and Exchange Commission today announced that Robert W. Cook, Director of the SEC’s Division of Trading and Markets, plans to leave the agency. Since joining the SEC in January 2010, Mr. Cook has led the Division’s broad regulatory policy program that includes oversight of securities exchanges and markets,… Read More

Ridiculous: SEC Boss Refused To Move Forward On Required Crowdfunding Rules To Protect Her ‘Legacy’

Mary Schapiro Sketch

Earlier this year, the JOBS Act passed Congress with widespread bipartisan support, and was signed into law by the President. There were a few different pieces involved, but one that got plenty of attention was the opening up of crowdfunding for equity (i.e., owning actual shares in a company). In the US, you can’t do… Read More

Article in WSJ Indicates Schapiro Delayed Ruling on General Solicitation

Mary Schapiro Chairman of the SEC

As reported in WSJ.com  (subscription required), emails reviewed by the Wall Street Journal indicate the outgoing SEC Chair held up ruling on General Solicitation after last minute lobbying by a “consumer lobbyist”.  This caused Schapiro to change her mind regarding one of the centerpiece items of the Jobs Act. Supporters of this portion of the Jobs… Read More

Schapiro Out, Walter In at SEC… Now What?


Mary Schapiro has stepped down as chairman of the SEC.  President Obama has appointed Elisse Walter to head the SEC upon Mary Schapiro’s departure. Immediately following Ms. Schapiro’s announcement, there was some concern that the process of installing a replacement would bring delays to the implementation of the JOBS act.  President Obama’s quick appointment of… Read More

SEC leadership change could further delay crowdfunding

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News of a leadership change at the Securities and Exchange Commission has some experts concerned that entrepreneurs may have to wait even longer for highly anticipated yet already delayed crowdfunding rules. SEC chairman Mary L. Schapiro announced Monday that she will step down next month, and President Obama plans to elevate Elisse Walter, one of the agency’s… Read More

Good Riddance! — SEC’s Schapiro Sabotaged Startup Law Supported By Obama

Mary Schapiro Chairman of the SEC

When President Obama appointed Mary Schapiro to head the Securities and Exchange Commission four years ago, I kept an open mind and was even cautiously optimistic. In a Washington Times op-ed in late 2008, I called the appointment “reasoned and thoughtful.” I had not been crazy about George W. Bush’s SEC or his policies relating to the capital markets…. Read More

SEC Forum Considers Obstacles To Small Business Capital Formation


The Securities and Exchange Commission is sending fresh signals that it intends to modify rules governing small private and public companies to give them greater access to capital, but the agency faces a wide range of views on how to balance this against its mandate to protect investors. At the SEC’s annual forum on small business capital formation… Read More

SEC Announces Agenda and Panelists for Small Business Forum


The SEC has released the agenda for next week’s Forum and is below.  We will be on the ground for this event.  To schedule time to meet with us please email info@crowdfundinsider.com Washington, D.C., Nov. 7, 2012 — The Securities and Exchange Commission today announced the agenda and panelists for next week’s Government-Business Forum on Small… Read More

Schapiro SEC Reign Nears End With Rescue Mission Not Done

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  What Mary Schapiro considered her most important task had just run aground, a symbol of the aspirations and missed opportunities of her tenure as head of the U.S. Securities and Exchange Commission. Schapiro worked for two years on a plan to head off what she calls the “terrifying” prospect of a run on money-market… Read More