November 7, 2018 @ 11:00 am By JD Alois  |  

Yesterday, mid-term elections took place in the US and while the Republicans maintained control of the Senate, the House of Representatives moved over to the Democrats. This split government means that an already divisive, and at times excessively acrimonious, political environment will get even more… Read More

August 31, 2018 @ 9:36 am By JD Alois  |  

The current definition of an accredited investor is profoundly flawed and a travesty of rule making. Everyone knows it. As it stands today, an accredited investors must earn at least $200,000 (jointly $300,000) or have a net worth of $1 million beyond a primary residence…. Read More

March 30, 2018 @ 6:05 pm By JD Alois  |  

Last time we checked in back at the end of December, there were 36 FINRA approved Regulation Crowdfunding (Reg CF) portals in operation. Today, that number has increased to 38 as two more entrants have entered the Reg CF space. As for portals that have… Read More

February 23, 2018 @ 4:52 pm By JD Alois  |  

Here is an interesting write up that should make cryptocurrency advocates happy. The Heritage Foundation, a leading policy think tank in Washington, DC, published a report at the end last year telling Congress and other public authorities they need to back off of Bitcoin and… Read More

July 20, 2017 @ 7:40 pm By JD Alois  |  

Commissioner Michael Piwowar, who was Acting Chair of the Securities and Exchange Commission (SEC) until the successful appointment of Jay Clayton, visited with David Burton of the Heritage Foundation earlier this week providing a unique glimpse into the world of the SEC. Burton, who is… Read More

December 19, 2016 @ 7:00 am By David Burton  |  

Capital formation and entrepreneurship improve economic growth, productivity and real wages. Existing securities laws impede entrepreneurial capital formation. To promote prosperity, Congress and a reconstituted Securities and Exchange Commission need to systematically reduce or eliminate state and federal regulatory barriers hindering entrepreneurs’ access to capital…. Read More

May 5, 2015 @ 9:07 am By JD Alois  |  

The subject of venture exchanges, or secondary markets for small cap companies, is a hot topic right now.  Sparked in part by the signing of the JOBS Act, and the new securities exemptions now coming into play, investing in SMEs is better for everyone if… Read More

April 28, 2015 @ 2:45 pm By JD Alois  |  

There is a growing policy push to create a Venture Exchange, or exchanges, to facilitate the purchasing and selling of new types of securities in smaller cap companies.  A securities value is best determined by the market and if one does not exist valuations are… Read More

March 8, 2015 @ 10:42 pm By JD Alois  |  

Capitol Hill is an ever-revolving series of meetings, hearings and committees that too frequently get mired in petty political squabbles and posturing. Most of what occurs on the Hill these days is lost to much of the rest of the country who are simply too… Read More

November 10, 2014 @ 7:27 am By Samuel Guzik  |  

As one who has represented small and emerging growth companies over the past 36 years in navigating access to the capital markets, I have closely followed the legislative and regulatory developments in Washington, D.C. since the enactment of the Jumpstart Our Business Startups Act of… 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

September 14, 2014 @ 5:17 pm By JD Alois  |  

The issue of capital formation for small businesses is an extremely important topic.  All too frequently the subject gets pushed aside by more superficial issues or the hot political topic of the moment.  But the fact of the matter is that small business creates the… Read More