Tagged: dodd frank

December 19, 2015 @ 1:54 pm By JD Alois  |  

Dodd-Frank, the massive law passed in the midst of the Great Recession, touched many aspects of the financial industry.  One portion of the bill was a requirement to review the definition of an Accredited Investor “as it relates to natural persons” every four years.  The… Read More

October 5, 2015 @ 3:02 pm By JD Alois  |  

SEC Commissioner Kara Stein took a quick trip across the Atlantic to speak at the Eurofi Forum in Luxembourg this past month.  She addressed the conference with a wide-ranging, brief speech that started at the financial crises and went on to “digital disruption and beyond”…. 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

August 18, 2015 @ 9:15 am By JD Alois  |  

Dick Bove, an equity research analyst and frequent commentator on CNBC, has published an Op-Ed on CNBC about the legislative disaster called Dodd-Frank.  Bove does not mince words when he states,  “I thought it would be impossible to find a worse piece of legislation in… Read More

August 5, 2015 @ 8:51 am By JD Alois  |  

In what may be his last speech as an SEC Commissioner, Daniel Gallagher addressed the US Chamber of Commerce and criticized parts of the SEC, and much of the new world order of regulatory over-sight.   Gallagher scorched Dodd-Frank as a grandiose plan that has increased the fragility of… Read More

July 20, 2015 @ 12:46 pm By JD Alois  |  

Dodd- Frank was a 895 page act of legislation designed to right the wrongs that caused the implosion of financial markets that ended up in the rubble of the Great Recession.  Five years ago this month, the bill was signed into law and set forth on… Read More

July 6, 2015 @ 10:07 am By JD Alois  |  

Millennium Trust is a large IRA custodian you probably have never heard of unless you are in a similar business or a client of the firm. Headquartered in Chicago, Millennium Trust operates nationally but has set it sights on getting far bigger. The privately held… Read More

June 4, 2015 @ 10:50 am By JD Alois  |  

SEC Commissioner Daniel Gallagher has consistently criticized the “Wall Street Reform and Consumer Protection Act” – otherwise affectionately know as Dodd-Frank.  It should come to no surprise to anyone who has operated inside the beltway that Dodd-Frank has accomplished little except to bog down the… Read More

May 14, 2015 @ 11:21 am By JD Alois  |  

One of the most vocal advocates for small business and rational rule making is leaving the Securities and Exchange Commission.  Daniel Gallagher, an SEC Commissioner for the past four years, has reportedly told multiple people he is ready to move on after a vocal tenure… Read More

May 11, 2015 @ 8:55 pm By JD Alois  |  

The Committee on Small Business, in the US House of Representatives, will discuss peer to peer lending on Wednesday, May 13th, at the Rayburn House Office Building.  The hearing is entitled Bridging the Small Business Capital Gap: Peer to Peer Lending. According to a notice from… Read More

December 3, 2014 @ 9:32 am By Samuel Guzik  |  

It could have been the kickoff of a grand political campaign – a slogan that would be proud to adorn a bumper sticker for the most ambitious of politicians – and a sound byte that would be sure to grab the next day’s headlines in… Read More

October 13, 2014 @ 3:12 pm By JD Alois  |  

Last week the Investor Advisory Committee met at the Securities and Exchange Commission to review and make recommendations on several issues regarding investors.  At the top of the list was the hot polemic on how an accredited investor should be defined. As it stands today… Read More

September 17, 2014 @ 5:36 pm By JD Alois  |  

Earlier today (September 17th), during a presentation delivered at the Heritage Foundation in Washington, DC, SEC Commissioner Daniel Gallagher gave a thoughtful, concise and concerned speech regarding the incredibly important needs of small business in the United States.  Recognizing that “small business is the lifeblood… Read More

July 21, 2014 @ 8:18 am By Samuel Guzik  |  

Many of you are still reeling from the impact of the worldwide collapse of the financial markets in 2008. And most of us have rightfully observed that following one of the greatest debacles in financial history, no one has gone to jail – no one… Read More

July 20, 2014 @ 8:30 am By JD Alois  |  

At a recent meeting of the Securities Reform Project, organized by David Burton of the Heritage Foundation, attendees had the unique opportunity to hear from SEC Commissioner Daniel Gallagher. Gallagher was appointed as Commissioner in 2011 but he is a longtime veteran of the SEC… Read More

June 28, 2014 @ 9:38 am By JD Alois  |  

The Securities and Exchange Commission has created an Investor Advisory Committee (IAC), as mandated by Dodd-Frank, to advise the SEC on regulatory practices and priorities.  You would think the SEC would get tired of all of these outside advisors but that is the world of… Read More

June 19, 2014 @ 11:02 am By Anthony Zeoli  |  

Few words or phrases have the ability to affect the U.S. economy like the term “accredited investor.” Whether you know it or not, these two little words control $800 billion of private investment in the United Stated today. The standards for qualifying as an accredited… Read More

February 12, 2014 @ 8:13 pm By JD Alois  |  

Rick Fleming Currently at North American Securities Administration Association (NASAA) Slated to Become Investor Advocate this Month. The Securities and Exchange Commission (SEC) has appointed Rick A. Fleming to become the first head of the agency’s Office of the Investor Advocate.  As the Investor Advocate,… Read More

December 7, 2013 @ 1:08 pm By Charles Luzar  |  

On Thursday, December 5th 2013, Lending Club Founder and CEO Renaud Laplanche provided the following testimony to the House Committee on Small Business, and specifically the Subcommittee on Economic Growth, Taxes and Capital Access. A survey released by the Federal Reserve Bank of New York… Read More

November 14, 2013 @ 12:24 pm By Charles Luzar  |  

Lending Club has appointed two indivials to their advisory board: Michael S. Barr, law professor at the University of Michigan and a senior fellow at the Center for American Progress and at the Brookings Institution, and senior Google executive Jeff Huber. Barr served from 2009-2010 as the U.S. Department… Read More