Tagged: acsec

July 20, 2016 @ 10:01 am By JD Alois  |  

Two important elements of the JOBS Act are Title III and Title IV.  These two portions of the act created Reg CF, retail crowdfunding, and Reg A+, a scaled disclosure exemption for companies to raise up to $50 million.  In the opening remarks of the… Read More

July 19, 2016 @ 5:42 pm By JD Alois  |  

Daniel Zinn, General Counsel of OTC Markets, visited the SEC Advisory Committee on Small and Emerging Companies (ACSEC) today. He followed a presentation by Paul Elio of Elio Motors to continue a theme on Reg A+, providing liquidity and the future of venture markets. The… Read More

July 19, 2016 @ 12:16 pm By JD Alois  |  

During the ACSEC meeting this morning, the SEC provided some interesting numbers regarding Reg A+.  Title IV of the JOBS Act, now commonly referred to as Reg A+, has been actionable for over a year so it was interesting to get an update from the… Read More

July 19, 2016 @ 10:07 am By JD Alois  |  

Below is the draft letter from the Advisory Committee on Small and Emerging Companies (ACSEC) regarding the definition of an Accredited Investor. The Committee is working on the details now with one of the suggestions being a test of sophistication that allows a work-around from… Read More

July 14, 2016 @ 3:47 pm By JD Alois  |  

The SEC Advisory Committee on Small and Emerging Companies (ACSEC) has published its agenda for its meeting next week and it should be a more interesting gathering. As part of the ACSEC program, the SEC Division of Corporate Finance will deliver an update on the… Read More

July 13, 2016 @ 11:23 am By JD Alois  |  

The SEC Advisory Committee on Small & Emerging Companies (ACSEC) has scheduled its next meeting for Tuesday, July 19, 2016 commencing at 9AM. These meetings are held at the SEC Headquarters in Washington, DC and are open to the public. The SEC will live-stream the… Read More

May 28, 2016 @ 12:56 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) has published a comment letter expressing their opinion on the definition of an Accredited Investor. As mandated by Dodd-Frank, the Securities and Exchange Commission (SEC) must review the current definition on a periodic basis. As it stands today,… Read More

May 25, 2016 @ 4:35 pm By JD Alois  |  

“Should the Commission consider doing away with the notion of a so-called “accredited investor” altogether?” The above question is posed not by this digital publication but by a sitting SEC Commissioner, Michael S. Piwowar. The Commissioner was speaking at the recent gathering of the Advisory… Read More

May 20, 2016 @ 11:00 am By JD Alois  |  

    The SEC Advisory Committee on Small and Emerging Companies met yesterday at the SEC HQ on Capitol Hill. The main topic of discussion was the definition of an Accredited Investor. SEC Chair Mary Jo White was joined by her two remaining Commissioners, Michael… Read More

May 11, 2016 @ 12:03 pm By JD Alois  |  

The SEC Advisory Committee on Small and Emerging Companies (ACSEC) has announced its next meeting scheduled to take place on Wednesday, May 18th at SEC headquarters. According to information provided by the SEC, ACSEC will review and discuss the very important subject regarding the definition… Read More

May 10, 2016 @ 9:39 am By JD Alois  |  

Sara Hanks is one of the most recognizable and vocal leaders in the investment crowdfunding sector. A securities attorney by training, Hanks has spent many years in and around Capitol Hill working on important policy issues.  Hanks is also a longstanding board member of the… Read More

February 27, 2016 @ 2:49 pm By JD Alois  |  

For many small businesses to thrive, they need access to capital.  A promising business must be able to find financing to grow their business. If you do not have sufficient cash on hand you must go elsewhere. Typically SMEs start with the proprietor using their… Read More

February 25, 2016 @ 9:44 pm By JD Alois  |  

There were several informative presentations delivered today at the convening of the Advisory Committee on Small and Emerging Companies (ACSEC) at the SEC.  One of the presentations, shared by Jeffrey Sohl, Professor of Entrepreneurship & Decision Science Director, at the University of New Hampshire, addressed… Read More

February 25, 2016 @ 11:22 am By JD Alois  |  

Scott W. Bauguess, Deputy Director, Division of Economic and Risk Analysis at the SEC, delivered an interesting presentation  during the ACSEC meeting today. Bauguess updated the group with data on raising private capital post the JOBS Act of 2012.  Bauguess acknowledged that fewer companies are… Read More

February 17, 2016 @ 6:52 pm By JD Alois  |  

The Securities and Exchange Commission has announced the agenda for the forthcoming Advisory Committee on Small and Emerging Companies (ACSEC) which is scheduled to meet next week on February 25th.  ACSEC provides a formal mechanism for the SEC to receive advice and recommendations on small… Read More

February 4, 2016 @ 11:30 am By JD Alois  |  

The Securities and Exchange Commission has announced the updated roster of the Advisory Committee on Small and Emerging Companies (ACSEC). Within the announcement was an important change as Sara Hanks has been elevated to Co-Chair of the advisory group.  Hanks, a former SEC attorney and… Read More

February 1, 2016 @ 9:30 pm By Samuel Guzik  |  

For those of you who have followed my articles on Crowdfund Insider over the past two years, you know that I have not been shy about voicing my concerns over the foot dragging that too often has often characterized the attitude of the Securities and… Read More

December 30, 2015 @ 9:31 am By JD Alois  |  

  “I believe the use of the internet, platforms and websites — and all of the access and transparency that this enables — will become the New Normal for ALL securities transactions, and not just those directly impacted by the JOBS act, but for public… 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 @ 10:16 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