Tagged: allison herren lee

SEC Proposes Exemption for Finders as it Seeks to Assist Small Businesses in Need of Capital

A Longstanding Grey Area Today at an open meeting, the Securities and Exchange Commission (SEC) proposed an update to rules pertaining to “Finders” –  individuals or firms that help smaller businesses find investors. The potential change will subject these individuals or firms to reduced regulation… Read More

SEC Broadens Definition of Accredited Investor to Include Certain Sophistication Measures

As widely anticipated, the Securities and Exchange Commission (SEC) updated the definition of an Accredited Investor expanding the rule by adding certain sophistication criteria. The current definition defines an individual who earns over $200,000 a year ($300,000 if married) as accredited. If an individual has… Read More

SEC Commissioners Issue Comments on Proposed Improvements to Exempt Offering Framework

Yesterday, the Securities and Exchange Commission (SEC) proposed significant changes to the exempt offering framework that should benefit issuers, investors and regulated platforms that facilitate these types of offerings. So far, industry response has been overwhelmingly positive. The proposed amendments will impact Reg CF, Reg… Read More

Allison Herren Lee Sworn in as SEC Commissioner

Yesterday, Allison Herren Lee was officially sworn in as an SEC Commissioner. Lee was nominated by President Trump and confirmed by the US Senate in June. Lee fills a term that expires on June 5, 2022. SEC Chairman Jay Clayton commented on Lee joining the… Read More

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