Tagged: sec

David Weild: The Need for a Venture Exchange (Deck)

David Weild and Vince Molinari

David Weild, former Vice Chair of Nasdaq and current CEO of IssuWorks, delivered a presentation to the SEC Advisory Committee on Small and Emerging Companies that addressed the issue of venture exchanges.  The need for a venture exchange has recently percolated up in discussion as new types of securities are being created that may require a… Read More

SME Advisory Committee on Reg A+: SEC Review is Sufficient for Investor Protection. State Blue Sky Review Must Be Preempted.

Michael Pieciak

The SEC Advisory Committee on Small and Emerging Companies tackled the highly contentious issue of state Blue Sky Review preemption today regarding Title IV of the JOBS Act. Commonly called Reg A+, the SEC has recommended pre-empting state review as it is widely understood to have killed the efficacy of existing Reg A due to the… Read More

SEC Committee on Small & Emerging Companies Submits Recommendations on Definition of Accredited Investor

SEC Committee on Small and Emerging Companies

The SEC Advisory Committee on Small and Emerging Companies has voted on, and approved, recommendations on the definition of an accredited investor.  As it stands today the definition is guided by economic parameters: an individual must earn $200,000 per year or have a net worth of $1 million exclusive of primary residence. The definition avoids… Read More

SEC Advisory Committee on Small & Emerging Companies Set to Discuss Venture Exchanges, State Blue Sky Pre-emption

David Weild

The SEC Advisory Committee on Small and Emerging Companies will meet Wednesday, March 4th beginning at 9:30AM. The meeting is open to the public and is being held at the SEC offices in Washington, DC.  The gathering will also be live-streamed and viewable on the SEC web site. The meeting was re-scheduled following a weather… Read More

SeedInvest to SEC: Please Enact Final, Simple, Crowdfunding Rules

Keep It Simple

SeedInvest, a widely respected investment crowdfunding platform that operates under Title II accredited crowdfunding (for now), has just submitted a comment letter to the Securities Exchange Commission pleading with he agency to “keep Title III crowdfunding simple”. The JOBS Act was signed into law almost 3 years ago yet final rules for retail crowdfunding under… Read More

NASAA Continues to Lobby SEC on Blue Sky Review & Title IV of the JOBS Act

The Battle of Blue Sky Review

The North American Securities Administrators Association (NASAA) continues to lobby the SEC aggressively in their attempt to obstruct removal of Blue Sky Review under Title IV of the JOBS Act.  NASAA is a special interest group that represents state securities regulators and advocates on behalf of issues they believe are important to state regulators. Earlier… Read More

SEC Advisory Committee on Small & Emerging Companies Scheduled to Tackle Secondary Markets, Accredited Investor Defintition

Mary Jo White

The SEC has shared the agenda for the next meeting of the Advisory Committee on Small & Emerging Companies.  This committee was recently re-animated by SEC Chair Mary Jo White.  The Committee provides insight and advice to the SEC on privately held small businesses and publicly traded companies with a market capitalization less than $250 million…. Read More

Lock it up: SEC & FINRA Weigh in on Cybersecurity Issues

Padlock and chain

Early in 2014, the U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) announced its intention to conduct an examination of certain registered broker-dealers and investment advisers in order to assess the general vulnerability of the securities industry, as a whole, to cyber-attacks. On February 3rd the OCIE released the results of the… Read More

Rescheduled: SEC Advisory Committee on Small & Emerging Companies Meeting

Advisory Committee on Small and Emerging Companies Quote

The Securities and Exchange Commission has rescheduled the meeting of the Advisory Committee on Small and Emerging Companies to take place on March 4th at 9:30AM.  The meeting was originally scheduled to take place last week but was cancelled due to the winter weather which forced many federal offices to close. The meeting is of… Read More

Commissioner Aguilar Sets Goals: “The Commission Should Adopt Final Rules..”

Luis A. Aguilar

While SEC Chair presented a state of SEC type presentation, Commissioner Aguilar has jumped in and put some more meat on the bones.  Speaking at the annual Practicing Law Institute gathering, Aguilar set forth his perceived goals for the SEC for 2015. While touching base on Dodd-Frank noting the SEC has finalized 56 out of… Read More

Mary Jo White: “This year, we will be focused on implementing the final two major mandates of the JOBS Act”

Wanted SEC That Provides Crowdfunding Regulations Mary Jo White

SEC Chair Mary Jo White addressed the Practicing Law Institute in DC this morning and it appears that most of the big shots at the SEC are sharing their wisdom as well today. Following opening remarks by Andrew Ceresny, the Director of SEC Enforcement and Keith Higgins, the Director of CorpFin, Chair White delivered a pretty… Read More

Brief: SEC Postpones Advisory Committee on Small & Emerging Companies Meeting

Walking to the SEC Securities and Exchange Commission

Due to inclement weather, and the associated closure of Federal Offices in Washington, DC, the Advisory Committee on Small and Emerging Companies has postponed its meeting to a later date.  Originally scheduled to take place today (February 17th), no new meeting date was disclosed. The meeting was scheduled to include a vote on the recommendations… Read More

PENSCO’s Kelly Rodriquez Announces His Top Five Predictions For 2015

Kelly Rodriques

Ready to share his thoughts about the new year, CEO of PENSCO, Kelly Rodriquez revealed his top five predictions for 2015. During a recent post on the platform’s blog, Rodriquez stated, “As the CEO of PENSCO, I find myself at a fascinating intersection between IRAs, alternative assets, regulation and emerging investment trends. As a custodian, PENSCO… Read More

Interview: Marcus New, Founder and Chief Entrepreneur of InvestX Seeks to Own the Private Equity Asset

InvestX Featured Cross Border

Marcus New, the Founder and Chief Entrepreneur of InvestX, is an experienced entrepreneur; he founded and served as chairman (and previously the CEO) of Stockhouse, Canada’s leading financial community and a global hub for affluent investors, with up to 1 million unique monthly visitors. Prior to launching Stockhouse, New built Stockgroup Media, an online information company whose… Read More

SEC Advisory Committee on Small & Emerging Companies Schedules Next Public Meeting

Sarah Hanks at SEC

SEC Chair Mary Jo White re-animated a previously moribund Advisory Committee on SMEs late last year.  These “small” companies are private companies, as well as those publicly traded, with market capitalizations of under $250 million. This initiative was undertaken in recognition of the importance of small business to the nations well-being.  The next meeting will… Read More

Fund Wisdom: Equity Crowdfunding Public Offerings Drove $278M in Angel Investing for 2014

Fund Wisdom

Fund Wisdom, an equity analytics firm analyzing online equity offerings, released its first annual Investment Insight report for 2014. The report details industry-wide online private equity offerings from top investment platforms including AngelList, SeedInvest, WeFunder, Onevest, Fundable, EquityNet, Return On Change, CrowdFunder, and EarlyShares for the last calendar year. FundWisdom found that 296 SEC Regulation… Read More

Oppenheimer to Pay Fine for Selling Unregistered Securities

Police Safety Emergency Risk Enforcement

Oppenheimer & Co.  was hit by a significant fine by the SEC for violating federal securities laws. Oppenheimer has agreed to admit wrongdoing and pay $10 million to settle the charges, according to the SEC.  Oppenheimer will pay an additional $10 million to settle a parallel action by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN)…. Read More

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