Archives

April 26, 2024 @ 7:50 am By Michael Wong  |  

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee (SBCFAC) is set to convene on Monday, May 6, 2024, to discuss key topics in small business financing, including the state of Regulation Crowdfunding (Reg CF) and trends in angel investing. The meeting, accessible… Read More

April 18, 2024 @ 11:20 am By JD Alois  |  

Vanderbilt University Professor Joshua T. White, a former SEC economist at the Division of Economic and Risk Analysis (DERA), did a highly effective job of critiquing the SEC’s new climate disclosure rules during a hearing of the House Financial Services Committee. The new type of… Read More

April 12, 2024 @ 12:31 pm By JD Alois  |  

The Securities and Exchange Commission, Small Business Capital Formation Advisory Committee (SBCFAC), has scheduled its next meeting for May 6, 2024. As of today, the agenda has not been released. At the last meeting in February, the SBCFAC discussed multiple topics of interest, including a… Read More

April 12, 2024 @ 12:20 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has penalized five individual investment advisors for allegations of violating marketing rules. According to the SEC, each entity has settled the charges and agreed to pay $200,000 in combined penalties. The five firms are as follows: GeaSphere LLC Bradesco… Read More

April 2, 2024 @ 1:02 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published the final judgment regarding GA Investors, which is said to have operated dozens of fraudulent websites, including GA-Investors.org. The final judgment was entered by default and includes a demand for GA Investors to pay more than $1.1… Read More

April 2, 2024 @ 11:42 am By JD Alois  |  

Reg CF or Regulation Crowdfunding is a securities exemption that allows a company to raise up to $5 million from both Accredited and Non-Accredited investors. To pursue a Reg CF offering, a company must file documents with the Securities and Exchange Commission (SEC). The documents… Read More

April 1, 2024 @ 7:16 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted that it has obtained a final judgment against defendants Ryan Felton, FLiK, and CoinSpark. The SEC had previously charged the defendants in 2020 for two initial coin offerings (ICOs) that were deemed to be fraudulent. Felton, FLiK,… Read More

March 29, 2024 @ 3:56 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) is looking for new members to add to its Investor Advisory Committee (IAC). Currently, they have five openinings on the Committee that aims to provide guidance to the Commission on items that impact individual investors. The Dodd-Frank Wall Street… Read More

March 28, 2024 @ 3:01 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has amended existing rules to require internet investment advisers to register with the Commission. According to the SEC’s Fact Sheet, the amendments will: Require an adviser that relies upon the internet adviser exemption to provide investment advice to all… Read More

March 21, 2024 @ 11:46 am By JD Alois  |  

Yesterday, the House Financial Services Committee, Capital Markets Subcommittee held a hearing on the alleged overreach of the Securities and Exchange Commission (SEC) and the need for reform. The current Commission, under the leadership of Chairman Gary Gensler, has been criticized by many policymakers as… Read More

March 20, 2024 @ 5:05 pm By JD Alois  |  

It was not too long ago that the Securities and Exchange Commission determined Ethereum (ETH) NOT to be a security. But times change, and new leaders take over. In this case, it is the Chairman of the SEC, Gary Gensler. According to an X distributed… Read More

March 19, 2024 @ 5:22 pm By JD Alois  |  

Earlier this month, the Securities and Exchange Commission (SEC) enacted new climate disclosure rules for public companies. This represents part of a broader political agenda at the SEC that aims to enact new rules that align with ESG or Environmental, Social, and Governance activist policies. The… Read More

March 19, 2024 @ 11:24 am By JD Alois  |  

Genesis Global Capital, LLC has settled charges filed by the Securities and Exchange Commission (SEC) that emerged due to the Commission’s claims that its Gemini Earn program involved the sales of securities. The Earn program, powered by Genesis, allowed crypto investors to generate income while… Read More

March 18, 2024 @ 12:04 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against two firms claiming these entities made “misleading statements” in regard to the utilization of artificial intelligence (AI). Delphia (USA) Inc. and Global Predictions Inc. have both agreed to settle the SEC’s charges and pay $400,000… Read More

March 12, 2024 @ 12:25 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained a default judgment against Sameer Ramani, a friend of a former Coinbase (NASDAQ:COIN) employee, pertaining to insider trading claims regarding crypto. Last year, the SEC filed an enforcement action against Coinbase executive Ishan Wahi and his brother, Nikhil Wahi…. Read More

March 12, 2024 @ 9:39 am By JD Alois  |  

Last week, the Securities and Exchange Commission (SEC) adopted new climate disclosure requirements that align with the agency’s ESG ambitions [environmental, social, and governmental]. The new rules have been criticized by opponents as not aligning with the SEC’s mission while creating a situation where both… Read More

March 6, 2024 @ 3:52 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has adopted new climate disclosure rules that fall under the ESG sector [environmental, social, and governmental]. The new rules will require reporting companies to disclose their environmental impact, a process that is difficult to measure accurately and will vex… Read More

March 6, 2024 @ 11:32 am By JD Alois  |  

Reflecting on the enforcement action taken against ShapeShift, SEC Commissioners Hester Peirce and Mark Uyeda have criticized the Commission’s slapdash approach toward crypto under Chairman Gary Gensler. The Commissioners have issued a dissenting opinion on the enforcement action. In an Administrative Proceeding, it was determined… Read More

February 28, 2024 @ 11:48 am By JD Alois  |  

Yesterday (February 27, 2024), the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), met to discuss several issues of importance that impact early-stage firms. Perhaps the most pressing issue is the definition of an Accredited Investor – a rule the Commission… Read More

February 19, 2024 @ 7:05 pm By JD Alois  |  

The Securities and Exchange Commission’s (SEC) Small Business Capital Formation Advisory Committee (SBCFAC)will reconvene once again to discuss the definition of an Accredited Investor. At the same meeting, the Committee will review the status of the IPO market in the US along with several other… Read More