Politics

SEC Staff Issues Guidance Investor Bulletin on Robo-Advisers

The Securities and Exchange Commission (SEC) has published information and guidance for investors and the financial services industry regarding the use of Robo-advisers, which are registered investment advisers that use computer algorithms to provide investment advisory services online. The Commission’s Division of Investment Management issued… Read More

Paul Atkins: Dodd Frank was a Slapdash Effort

Former SEC Commissioner and Trump administration advisor Paul Atkins chatted with CNBC today about the forthcoming Dodd-Frank replacement. Dodd-Frank was the pinnacle legislation crafted during the ashes of the Great Recession designed to address shortcomings within the financial services industry. While its intent may have… Read More

Ontario Securities Commission & UK Financial Conduct Authority Sign Cooperation Agreement

The Financial Conduct Authority (FCA), the securities regulator in the UK, has signed a cooperation agreement with the Ontario Securities Commission (OSC).  The agreement is designed to provide support to innovative Fintech firms seeking entry into either market. The Agreement allows the FCA and the… Read More

Bank of Canada: Digital Currencies Need Regulation (Document)

The Bank of Canada is out with a paper that reviews the advent of digital currencies, IE Bitcoin, and how it may impact the more traditional type of fiat currency. Drawing a comparison to back in the day when private bank notes circulated alongside government issued… Read More

We Need a Regulatory Framework for Cross-Border Crowdfunding Offerings

  Sara Hanks is well known in the alternative finance/crowdfunding space. Hanks is CEO and founder of CrowdCheck –  a due diligence, disclosure and compliance services for online capital formation. She is a Board member of CFIRA and is the current Chair of the SEC’s… Read More

SEC is Hosting a “Crowdfunding Dialogue” on February 28th

The Securities and Exchange Commission (SEC) has partnered with NYU’s Salomon Center for the Study of Financial Institutions to host a symposium on the effects of investment crowdfunding on February 28th. The Commission’s Division of Economics and Risk Analysis (DERA) is leading the dialogue and… Read More

Financial Innovation Now Tells CFPB to Examine, Not Regulate, Consumer Access to Digital Financial Records

The Consumer Financial Protection Bureau (CFPB), launched an inquiry into consumers seeking access to their financial records.  At the time of the announcement, CFPB Director Richard Cordray stated; “Consumers should be able to use their financial records and account information and securely share access in… Read More

Paul Niederer Slams Australian Crowdfunding Legislation in Public Comment

Paul Niederer, former CEO of the Australian Small Scale Offerings Board (ASSOB) – the very first platform established to raise capital online, posted a comment letter in response to the proposed Australian Crowd-Sourced Funding Bill (crowdfunding for the rest of the world). Never one to… Read More

EY: Public Listings Have Declined by More than 50% Since 1996 Peak (Deck)

As part of the SEC Advisory Committee on Small and Emerging Companies meeting last week, there were two presentations on the decline of IPOs in the US. The first was provided by the law firm Goodwin was shared earlier on Crowdfund Insider. Also in attendance… Read More

Acting SEC Chairman Piwowar Talks Crowdfunding & Small Business Advocate to Open ACSEC Meeting

SEC Acting Chair Michael Piwowar was present to open the meeting of the Advisory Committee on Small and Emerging Companies (ACSEC) last week. Piwowar, a Republican appointee, took the opportunity to highlight several policy issues. While pointing to the importance of small business as the… Read More

Why Are More Companies Staying Private? (Deck)

Why are more companies staying private? That’s a good question. Many moons ago, it was the ambition of most young promising companies to get big enough to “go public” and do an initial public offering (IPO). Becoming a listed company was viewed as a stamp… Read More

SEC Acting Chair Michael Piwowar Statement on NASAA Data Sharing Agreement

SEC Acting Chair Michael Piwowar released a statement at the signing of the agreement between the Securities and Exchange Commission and the North American Securities Administrators Association (NASAA) today. NASAA is the association that represents and lobbies on behalf of state and provincial securities regulators…. Read More

SEC & NASAA Sign Agreement to Share Data on Intrastate Crowdfunding

The Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) have signed an information-sharing agreement regarding new rules to facilitate intrastate crowdfunding offerings and regional offerings take effect. NASAA is the lobbying group that represents state securities regulators. According to the… Read More

The Invest in America Act: Supporting Entrepreneurs & Innovation While Empowering Everyday Americans

  First off, we all owe Tony a debt of gratitude for actually drafting this set of regulations. Legislative drafting is yeoman’s work especially when it comes to tax law. This new legislation solves for two extremely important problems in the U.S. economy and society…. Read More

SEC Schedules Investor Advisory Committee Meeting for March 9th

The Securities and Exchange Commission has scheduled their first Investor Advisory Committee (IAC) meeting for 2017. The meeting will be held at the SEC offices in Washington, DC on Thursday, March 9 from 9:00 AM to 11:55 AM. These meetings are open to the public and… Read More

Calling All Would-be Angels: “Invest In America Act” Bill Could Help You Find Your Wings

Start-ups and small businesses represent the heart of the American economy and fostering this sector is integral to continued innovation and job growth in the U.S.  Access to capital however, is always a critical issue for these types of businesses and angel investors often represent… Read More

Here is Equitise’s Comment on the Australian Crowdfunding Legislation

Equitise is an investment crowdfunding platform set up to operate in New Zealand and Australia. While New Zealand created a bespoke regulatory regime to allow equity crowdfunding to evolve some time ago, Australia has struggled to enact new rules. This week, the Australian Senate published… Read More

Australia Senate Publishes Report on Crowdfunding Bill

Today the Australian Senate published a report on the Corporation Amendment or Crowd-Sourced Funding Bill – the legislation designed to improve the investment crowdfunding sector in Australia. The provisions of the bill were referred to the Economics Legislation Committee. The committee recommended that the bill… Read More

Housing Whitepaper: Government Actions May Boost Online Lenders

The Housing Market is broken in the UK. The demand / supply imbalance has driven up prices of residential property not just in London but across the UK.  While good for sellers, buyers have struggled.  The UK government has recognized the economic challenge and has… Read More