Politics, Legal & Regulation

September 30, 2015 @ 12:18 am By Midori Yoshimura  |  

China recently noted that it will promote greater use of equity crowdfunding for startups to encourage entrepreneurship, according to a Cabinet document posted on the central government’s website, writes the South China Morning Post. Repeatedly, the Chinese government has stated its interest in stimulating employment in the state-dominated… Read More

September 29, 2015 @ 11:56 am By JD Alois  |  

The SEC will be holding a meeting of its Equity Market Structure Advisory Committee on October 27, beginning at 9:30 a.m. ET.   This will be the second meeting of the group which was established this past February to provide a formal mechanism for the… Read More

September 29, 2015 @ 12:12 am By JD Alois  |  

PwC has recently published an interesting report on the European Capital Markets Union (CMU).   The European Commission has an objective to diversify and improve access to capital.  Knocking down barriers and streamlining processes to accomplish this goal should be good for the entire EU… Read More

September 28, 2015 @ 11:14 am By JD Alois  |  

Outgoing SEC Commissioner Daniel Gallagher presented a statement at the opening of the SEC Advisory Committee on Small and Emerging Companies (ACSEC).  Gallagher lauded the group’s commitment, energy and dedication over the past two years calling the members work “critical in helping to bring forward… Read More

September 26, 2015 @ 1:31 pm By JD Alois  |  

Last week the SEC Advisory Committee on Small and Emerging Companies convened to take up several important issues that impact SMEs and economic growth.  SEC Chair Mary Jo White has made it a habit of opening this meeting – indicative of the import she has… Read More

September 24, 2015 @ 10:46 pm By JD Alois  |  

As 2015 enters Q4, and the days grow shorter, time is running out for final rules regarding Title III of the JOBS Act, otherwise known as retail crowdfunding. During most of 2014, Chair White stated completion of JOBS Act rules were a priority, raising hope… Read More

September 24, 2015 @ 10:16 pm By JD Alois  |  

The SEC has renewed the mandate for the Advisory Committee on Small and Emerging Companies (ACSEC) for two more years.  The committee’s charter is to  provide the SEC with advice on rules and policies that protect investors while aiding in capital formation, specifically with SMEs…. Read More

September 23, 2015 @ 10:43 am By JD Alois  |  

The Advisory Committee on Small & Emerging Companies (ACSEC) convened today (September 23, 2015), submitting their recommendations on three different areas regarding securities regulations. The three items include: Modernizing Rule 147 under the Securities Act of 1933 (impacting intrastate investment crowdfunding) Expanding Simplified Disclosures for Smaller… Read More

September 22, 2015 @ 1:33 pm By Erin Hobey  |  

Bareksa, Kejora, CekAja, Doku, Bank Mandiri, Veritrans and Kartuku teamed up to launch FinTech Indonesia, an association of Indonesian fintech service providers, reported e27‘s Anisa Menur.  The press conference was attended by Darmin Nasution, Minister of Economy, Budi Gunadi Sadikin, Managing Director of Bank Mandiri and… Read More

September 21, 2015 @ 10:29 am By JD Alois  |  

The Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) have updated the make-up of several important committees including; the FCA’s Regulatory Decisions Committee (RDC) and Competition Decisions Committee and the PSR’s Enforcement Decisions Committee (EDC) and Competition Decisions Committee.   These four committees are make… Read More

September 21, 2015 @ 6:00 am By Georgia Quinn  |  

It was bittersweet walking into Commissioner Daniel Gallagher’s office for the first and last time. He has been a true champion for small business and access to capital and we all owe him a debt of gratitude. It was also wholly appropriate that the amazing… Read More

September 18, 2015 @ 6:38 pm By JD Alois  |  

The SEC has published the agenda for the forthcoming meeting of its Advisory Committee on Small and Emerging Companies (ACSEC). According to the SEC, the group will focus on adopting recommendations related to intrastate crowdfunding, the treatment of so-called “finders” that assist companies in capital raising… Read More

September 18, 2015 @ 1:47 pm By JD Alois  |  

In a somewhat controversial regulatory approach, the state of Washington, Department of Financial Institutions, has indicated its interest in requiring issuers to file with the state when utilizing Tier 2 of Regulation A+.  The new exemption which preempts State Blue-Sky law and raises the investor… Read More

September 17, 2015 @ 3:15 pm By Erin Hobey  |  

In late August, India’s banking industry came together for the FICCI’s FIBAC 2015 Conference, discussing regulation in the country’s burgeoning online finance space,  particularly within crowdfunding and peer to peer lending.  SS Mundra, Deputy Governor of the Reserve Bank of India, called for more regulations in the Economic… Read More

September 17, 2015 @ 11:46 am By Erin Hobey  |  

Launched with the collaboration of Enterprise Ireland, the IDA and the Department of Finance, the  Fintech and Payments Association of Ireland brings together the members of extant not-for-profit organizations, Payments Ireland and Fintech Ireland Meet Up Group.  Payments Ireland was established by Colm Lyon who founded of Realex… Read More

September 15, 2015 @ 12:53 pm By JD Alois  |  

Regulations usually possess good intent, but all too frequently are near-sighted and fall far short of assisting targeted beneficiaries.  This may be another case of myopic regulators not taking a moment to think beyond what superficially may appear to be a plus, but ends up… Read More

September 15, 2015 @ 10:27 am By Erin Hobey  |  

Silicon Valley can’t compete with London in terms of Fintech, says UK Treasury special Fintech envoy Eileen Burbidge: “Wall Street Talent doesn’t come to Silicon Valley.” UK Treasury special Fintech envoy and partner at tech VC Passion Capital, Eileen Burbidge took the stage at Fintech Week and discussed… Read More

September 15, 2015 @ 4:00 am By Anthony Zeoli  |  

Steve Jobs is quoted as saying that “innovation distinguishes between a leader and a follower.” While I personally agree with this statement, and it may certainly be the case in the mobile device and other industries, when it comes to the offering and sale of… Read More

September 11, 2015 @ 3:10 pm By JD Alois  |  

The SEC Advisory Committee on Small and Emerging Companies (ACSEC) will be holding its next meeting at the SEC headquarters on Wednesday, September 23rd.  The meeting will commence at 9:30AM and is open to the general public.  The SEC will live-stream the event on the… Read More

September 9, 2015 @ 12:47 am By JD Alois  |  

Most people are not even aware there is a dividing line between who is allowed to invest in pre-IPO companies and who may not. A travesty of rule making, today investors are measured by the size of their bank account – and not the caliber… Read More