Tagged: sec

NASAA Champions Electronic Filing Depository System as Solution to Blue Sky Challenge

The Battle of Blue Sky Review

In late December of last year, the North American Securities Administrators Association (NASAA) launched, what it refers to, as its Electronic Filing Depository (EFD) system. The EFD system is designed to allow users to submit certain required “blue sky” notice filings in connection with exempt securities offerings to multiple states at once. Now if that… Read More

SEC Has Formed a New Advisory Committee on Equity Market Structure

SEC Securities and Exchange Commission Green

The Securities and Exchange Commission has announced the members of its newest outside advisory group, the Equity Market Advisory Committee.  The formation is similar in operation to the Investor Advisory Committee and Advisory Committee on Small & Emerging Companies.  The newest addition to the portfolio of external advice is to focus on the structure and… Read More

Brief: U.S. Senators Michael Bennet & Jeff Merkley Continue to Press SEC to Finalize Crowdfunding Rules


U.S. Senators Michael Bennet (D-CO) and Jeff Merkley (D-OR) called on the Securities and Exchange Commission (SEC) to finalize its crowdfunding rules that will allow small businesses and start-ups to raise capital online and through social media. The senators were lead sponsors along with former Republican Massachusetts Senator Scott Brown on the bipartisan “Crowdfund Act,” which was… Read More

Founder of Nashville Smart Lock Startup Haven Reveals How Failing on Kickstarter Didn’t Stop It From Finding Funds

Haven 2

Last September, Nashville-based Haven launched a crowdfunding campaign on Kickstarter to raise $150,000 for its smart lock system. The self-titled device is described as a new smart lock that is anchored at the strongest point of the entryway, inside at the base of the door, preventing break-ins where traditional lock systems fall short. It gives homeowners… Read More

Reverse Merger Firm Releases Alternative Public Offering Predictions for 2015

Reverse Merger

ReverseMergers.com, a provider of reverse mergers and alternative public offering solutions for companies looking to raise capital or provide both investor liquidity, announces the release of several alternative public offering market predictions for 2015. The company expects an increase toward IPO-alternatives in 2015 as the IPO window closes for larger offerings. The predictions also include the… Read More

Crowdfunding Predictions for 2015

Predicting the Future Roulette

With 2014 finally at an end and 2015 just kicking off it is that time of year when predictions on the future of crowdfunding roll in.  Crowdfund Insider has already published more than a few interesting predictions for 2015 and we expect more to follow.  Predictions are more fun than fact as the ones that… Read More

SEC Most Viewed Stories for 2014 (Infographic)


The Securities and Exchange Commission has compiled a list of their most viewed stories for 2014.  As you may guess the list is rather heavy on enforcement.  The SEC dedicates considerable resources tracking down crooks and fraudsters.  The SEC may bring a variety of administrative proceedings including Cease & Desist Orders (C&Ds).  These proceedings may… Read More

SEC Agency Financial Report for 2014

Mary Jo White

For the third year in a row the Securities and Exchange Commission has published an annual review of the past year, the primary focus being financial results.  The document is a nice summary of just about everything the SEC did last year.  As with any federal agency, the SEC is constantly under scrutiny of both… Read More

Every Time a Bell Rings, an Angel [Investor] Gets its Wings: The SEC meets It’s a Wonderful Life

Seasons Greetings SEC Wonderful Life

With reports that the final rule-making dates for Titles III and IV of the JOBS Act have been pushed back once again (potentially as late as October 2015), it’s as if the Securities and Exchange Commission (SEC) dropped a giant piece of coal in our collective holiday stocking. But let’s not lose our holiday spirit… Read More

The Number of Accredited Investors (Deck)

Halt You Must Be an Accredited Investor

The debate surrounding the definition of an Accredited Investor always includes a discussion regarding the number of individuals in the United States who actually qualify.  Recently Rachita Gullapalli, a financial analyst at the Division of Economic & Risk Analysis (DERA) at the SEC, put together a presentation estimating the number of households that qualify today…. Read More

This Presentation Shows How Huge the Reg D Private Placement Market is in the US

Public vs Private Capital Raising

The presentation below was created by SEC Senior Financial Economist Vladimir Ivanov and incorporates data on the private placement securities market through 2013.  While there are other available reports the research provided by Ivanov is probably the best.  Prior to his first review in 2012 no one really knew how significant private placements are to… Read More

SEC Submits Changes to Exchange Act Registration Requirements Moving Forward on Title V & Title VI of JOBS Act

SEC Securities and Exchange Commission Green

As part of the JOBS Act, the SEC has proposed amendments that addresses Title V and Title VI of the Act.  The revised rules relate to the thresholds for registration, termination of registration, and suspension of reporting under Section 12(g) of the Exchange Act. The SEC will seek public comment on the proposed rule amendments for 60… Read More

Angel Capital Association: How to Define an “Accredited Investor”

$50 Grant

At the recent Small Business Forum at the SEC held this past November one of the hot topics of discussion was the definition of an “Accredited Investor”.  As it stands today, an accredited investor is a wealthy sort that earns over $200,000 per year or happens to have $1 million in his or her bank… Read More

SEC Advisory Committee on Small and Emerging Companies


The SEC Advisory Committee on Small and Emerging Companies will hold its next meeting on Wednesday, Dec. 17, beginning at 9:30 a.m. ET.  The committee will focus on the interests and priorities of emerging and smaller public companies. The December 17 meeting will be held at the SEC’s headquarters at 100 F Street, N.E., Washington,… Read More

2015: The Ascendency of Small Business & the Middle Class in Washington, DC

Reason to Be Hopeful 2015 Washington DC

As 2014 comes to a close, this is the time of year when all good journalists look back at the year’s events, and then look forward – typically with a list of bold predictions for the year ahead.  For those of you focused on small business capital formation in our Nation’s Capital, the former task… Read More

Engine: Dear SEC, Finalize JOBS Act Rules Now

JOBS Act US Capital Christmas

Today, Engine sent a letter signed by more than 200 entrepreneurs, investors, and members of the startup community to the Securities Commission to tell the agency it’s time it fulfills its statutory obligation and finalize rules to make the JOBS Act a reality. You can find the full text of the letter below and read… Read More

SEC Advisory Committee on Small & Emerging Companies to Tackle Accredited Investor Definition

SEC Headquarters in DC

The Securities and Exchange Commission (SEC) has released the agenda for the Advisory Committee on Small and Emerging Companies that is set to meet on December 17th.  This committee has been dormant for quite some time and recently SEC Chair Mary Jo White re-animated the group recognizing the benefit it may play in the ongoing… Read More

CFIRA CO-Chair DJ Paul Interviewed by Benziga (Audio)

dj paul

CFIRA Co-Chair and Propelr Co-Founder DJ Paul was interviewed yesterday on Benziga as part of their pre-market prep show. The early discussion covers the basics, IE Title II, III and IV of the JOBS Act that deals with investment crowdfunding and the associated regulatory reform that enables this new approach.  Paul then continues to dive… Read More

Alphaworks CEO Calls on SEC to Act & Finalize Title III Crowdfunding Rules

Erin Glenn

Alphaworks is part of the Betaworks family that is building really cool companies. Betaworks is a New York based entrepreneur factory that  claims Ken Lerer as Chairman and John Borthwick as Founder and CEO.  Lerner was one of the founders of HuffPo and lists a few other big names on his CV like Buzzfeed. Borthwick… Read More

Consensus Forming in Washington, DC on Accredited Investor Definition

Approved Accredited Investor Stamp

  Momentum is building towards a consensus on the highly controversial updates to the accredited investor definition (currently a person who has over $200,000 in income (or $300,000 jointly with spouse) or over $1M in net worth, excluding personal residence). Initially, there was some suggestion that these thresholds should be increased to adjust for inflation… Read More