Tagged: dera

February 6, 2023 @ 8:47 am By JD Alois  |  

CI recently published an update on Reg CF [Regulation Crowdfunding], an exemption that allows a business to raise up to $5 million in an online securities offering. Investors may be non-accredited or accredited. While the legislation creating Reg CF was signed into law in 2012,… Read More

August 20, 2017 @ 1:03 pm By JD Alois  |  

Regulation D, or Reg D as everyone calls it, is probably the most powerful capital raising exemption in the US. Just about every single successful early stage company has leveraged Reg D in its various iterations. In 2013, the SEC enacted final rules for Title… Read More

August 8, 2017 @ 5:35 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Division of Economic Risk Analysis (DERA), has just published a report addressing the issue of access to capital as well as market liquidity. DERA, the research arm of the SEC, was enlisted by Congress to report on the impact… Read More

April 29, 2017 @ 10:05 am By JD Alois  |  

The Securities and Exchange Commission is partnering with New York University on an event tackling the topic of the declining initial public offering market (IPO). Organized under the auspices of the SEC’s Division of Economic Risk Analysis (DERA), the half day dialogue is being held… Read More

April 19, 2017 @ 9:17 am By Jonathan Nieh  |  

It’s been over a year since the SEC’s Division of Economic and Risk Analysis (DERA) published its report on Private Securities Offerings post-JOBS Act. And while since that time, DERA has published more data about Regulation CF and Regulation A, the SEC has yet to… Read More

March 3, 2017 @ 1:59 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), under the auspices of the Division of Economic and Risk Analysis (DERA), published a white paper on Regulation Crowdfunding (Reg CF) earlier this week. The report, written by Vladimir Ivanov and Anzhela Knyazeva, is basically a point in time… Read More

February 21, 2017 @ 6:12 pm By JD Alois  |  

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

February 3, 2017 @ 11:39 am By JD Alois  |  

The Division of Economic and Risk Analysis (DERA), the research arm of the Securities and Exchange Commission (SEC), has partnered with New York University’s Salomon Center on a half-day conference reviewing investment crowdfunding. The event, which is open to the public, will be held at… Read More

February 3, 2017 @ 11:25 am By JD Alois  |  

The Division of Economic and Risk Analysis (DERA) of the U.S. Securities and Exchange Commission and New York University’s Salomon Center are organizing a half-day dialogue on U.S. securities-based crowdfunding (such as equity or debt). Regulation Crowdfunding, a key JOBS Act rulemaking that came into… Read More

December 30, 2016 @ 11:59 am By JD Alois  |  

Regulation A+, created by Title IV of the JOBS Act, has been lauded by many as a missing step in the capital ladder for smaller firms in need of funding. The updated securities exemption became effective on June 19, 2015, and since that time a… 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

November 24, 2015 @ 5:01 pm By JD Alois  |  

At the SEC Government-Business Forum on Small Business Capital Formation, Senior Financial Economist Vladimir Ivanov, gave an updated presentation regarding the state of Regulation D.  Ivanov delivered a very similar presentation at the end of 2014 with replicated slides.  He did update a couple of items… Read More

October 31, 2015 @ 5:42 pm By JD Alois  |  

Title II, 506(c), Equity Crowdfunding has Raised $33 Billion to Date. The unregistered securities market in the US is huge. In fact in 2014, over $2 trillion of capital was raised using unregistered securities largely using Regulation D. This is revealed in a white paper… Read More

December 21, 2014 @ 4:47 pm By JD Alois  |  

The debate surrounding the definition of an Accredited Investor always includes a discussion regarding the number of individuals in the United States who actually qualify.  Recently Rachita Gullapalli, a financial analyst at the Division of Economic & Risk Analysis (DERA) at the SEC, put together… Read More

September 11, 2014 @ 9:38 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has created a new office within the Division of Economic and Risk Analysis (DERA) that will coordinate efforts to provide data-driven risk assessment tools and models to support a wide range of SEC activities. DERA has collaborated with market… Read More

July 21, 2014 @ 7:00 pm By JD Alois  |  

Flannery Replaces Outgoing Director Craig Lewis. The Securities and Exchange Commission has announced it has named Mark J. Flannery as its chief economist and director of its Division of Economic and Risk Analysis (DERA), which provides analysis to help inform the Commission’s policymaking, rulemaking, enforcement,… Read More