April 29, 2013 @ 9:39 am By Charles Luzar  |  

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

Read more in: Politics  |  Tagged barbara roper, consumer federation of ameirca, general solicitation, investor protection, mary jo white, mary schapiro, sec

April 18, 2013 @ 7:54 am By Charles Luzar  |  

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

Read more in: Featured Headlines, Politics  |  Tagged elisse walter, general solicitation, jobs act, mary schapiro, meredith cross, reg d, rule 506, sec

December 18, 2012 @ 10:47 pm By JD Alois  |  

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

Read more in: Politics  |  Tagged mary schapiro, sec, senator michael bennet

December 5, 2012 @ 7:57 pm By WSJ.com  |  

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

Read more in: Politics  |  Tagged mary schapiro, sec

December 5, 2012 @ 5:46 pm By The Economist  |  

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

Read more in: Politics  |  Tagged christopher cox, mary schapiro, sec

December 5, 2012 @ 3:37 pm By Charles Luzar  |  

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

Read more in: Politics  |  Tagged dodd frank, finra, jobs act, mary schapiro, robert cook, sec

December 5, 2012 @ 6:05 am By TechDirt  |  

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

Read more in: General News, Politics  |  Tagged mary schapiro, sec

December 2, 2012 @ 11:58 am By JD Alois  |  

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

Read more in: Featured Headlines, Politics  |  Tagged jobs act, mary schapiro, sec

November 27, 2012 @ 9:49 am By Charles Luzar  |  

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

Read more in: Featured Headlines, Politics  |  Tagged candace klein, elisse walter, jobs act, mary schapiro, sec

November 27, 2012 @ 8:00 am By The Washington Post  |  

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

Read more in: General News, Politics  |  Tagged elisse walter, jobs act, mary schapiro, sec

November 27, 2012 @ 7:15 am By OpenMarket  |  

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

Read more in: General News, Politics  |  Tagged jobs act, mary schapiro, sec

November 19, 2012 @ 1:52 pm By Russ Garland, Wall Street Journal  |  

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

Read more in: General News  |  Tagged capital formation, mary schapiro, sec, small business, wall street journal

November 8, 2012 @ 11:57 am By Charles Luzar  |  

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

Read more in: General News  |  Tagged gerald laporte, mary schapiro, sec

October 20, 2012 @ 2:30 am By JD Alois  |  

  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

Read more in: Politics  |  Tagged mary schapiro, sec

August 21, 2012 @ 2:55 pm By Charles Luzar  |  

Commission now seeks public comment on plan that would allow hedge funds to make solicitations for Reg D offerings

Read more in: Politics  |  Tagged investmentnews, jobs act, mary schapiro, reg d, sec