Tagged: hester peirce

March 17, 2020 @ 4:07 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA), the entity that lobbies on behalf of state and provincial regulators, is “urging the Securities and Exchange Commission (SEC) not to move forward with its proposal to expand access to high-risk private securities offerings to individual investors.” NASAA… Read More

March 5, 2020 @ 3:27 pm By JD Alois  |  

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

February 27, 2020 @ 9:06 am By JD Alois  |  

SEC Commissioner Hester Peirce has posted a statement dissenting from the Securities and Exchange Commission’s decision to, once again, decline to allow an exchange-traded product (ETP or ETF) for the world’s most popular cryptocurrency Bitcoin. The Commission denied NYSE Arca’s request to offer a Bitcoin… Read More

February 7, 2020 @ 11:56 am By JD Alois  |  

Yesterday, SEC Commissioner Hester Peirce proposed a new rule for a Safe Harbor for tokens that will not be treated as securities. As Crowdfund Insider has previously reported, the proposed Rule 195 will allow an issuer up to three years to prove the digital asset… Read More

February 7, 2020 @ 7:55 am By JD Alois  |  

Yesterday, Crowdfund Insider reported on a speech delivered by SEC Commissioner Hester Peirce that outlined a safe harbor for digital assets that may not be regulated as securities. In brief, Rule 195, proposed that a token issuer has three years for a digital asset to… Read More

February 6, 2020 @ 1:59 pm By JD Alois  |  

Today, in a speech delivered at an event in Chicago, SEC Commissioner Peirce presented a new proposal in the treatment of digital assets that may not be treated as securities perhaps representing a dramatic shift in the US token offering marketplace. In the US, pretty… Read More

February 6, 2020 @ 12:35 pm By JD Alois  |  

SEC Commissioner Peirce has proposed new rules regarding digital assets that may not be securities upon issuance. The proposal was revealed at a speech in Chicago today. As we understand it, Peirce’s proposal, Rule 195, will “set a course for compliant blockchain projects to innovate… Read More

December 18, 2019 @ 2:23 pm By JD Alois  |  

Today, the Securities and Exchange Commission (SEC) held a public meeting to discuss, and vote on, various rules impacting the securities markets. Included in the meeting was an update to the definition of an accredited investor. Currently, the definition is determined by a wealth metric…. Read More

December 5, 2019 @ 4:30 pm By Cali Haan  |  

Dalia Blass, director of the Security and Exchange Commission’s (SEC’s) Division of Investment Management told an audience at the 2019 ICI Securities Law Developments Conference this week, “that a registered closed-end interval fund with a bitcoin futures strategy is preparing to launch.” According to Investopedia: “An interval fund is… Read More

November 8, 2019 @ 4:01 pm By JD Alois  |  

SEC Commissioner Hester Peirce delivered a speech, entitled Broken Windows, addressing SEC enforcement actions earlier this week. Peirce reviewed the topic in advance of the annual report on such actions. The SEC Division of Enforcement is the largest Division within the Commission. According to the… Read More

August 1, 2019 @ 12:06 pm By JD Alois  |  

SEC Commissioner  Hester Peirce is in Singapore, a noted Asian Fintech hub, talking about digital assets. Peirce, speaking at the SUSS [Singapore University of Social Sciences] Convergence Forum, addressed the audience about innovation – something that frequently makes regulators nervous. Change is hard. Alluding to… Read More

June 24, 2019 @ 10:44 am By JD Alois  |  

Tomorrow (June 25) SEC Commissioner Hester Peirce will be speaking about the “SEC, Entrepreneurship, Fintech and the Economy.” The event is open to the public but it will be live-streamed on the Heritage Foundation’s website for free. Peirce is well known for her thoughtful approach… Read More

June 3, 2019 @ 11:18 pm By JD Alois  |  

Last Friday, the Securities and Exchange Commission (SEC) held its first Fintech Forum in years. The topic of discussion was the regulation of digital assets and distributed ledger technology (DLT). The interaction between presenters and SEC staff provided a glimpse into the progress and struggle… Read More

May 22, 2019 @ 3:35 pm By JD Alois  |  

Securities custody is a challenging service even for analog firms. Crypto brings with it a whole host of nuanced hurdles when providing custody for digital assets. There are a few firms that have successfully launched custody for crypto – such as PrimeTrust. Fidelity is providing… Read More

May 9, 2019 @ 10:53 pm By JD Alois  |  

SEC Commissioner Hester Peirce has polished her pen once again with another thought-provoking speech addressing Fintech innovation and, more specifically, digital assets. Speaking at the Securities Enforcement Forum, East Palo Alto, California (by video), Peirce pointedly criticized the Commission for stifling the emergence of security… Read More

February 10, 2019 @ 1:25 pm By JD Alois  |  

In a presentation last Friday (along with a Q&A session), SEC Commissioner Hester Peirce discussed innovation, entrepreneurship, and the SEC’s impact on these important aspects of the economy. Delivered remotely to the University of Missouri School of Law, Peirce talked about balancing investor protection while fostering… Read More

February 8, 2019 @ 11:28 am By JD Alois  |  

Today, via a free live-streamed event, SEC Commissioner Hester Peirce will address an audience at the University of Missouri School of Law. Commissioner Peirce is well-known for her innovation/competition friendly stance when it comes to Fintech and related technology. The discussion entitled, “Protecting the Public While Fostering Innovation… Read More

February 8, 2019 @ 10:35 am By JD Alois  |  

Earlier this week, SEC Commissioner Robert Jackson spoke to Roll Call about the potential for Bitcoin or crypto-based Exchange Traded Funds (ETFs). Jackson said he is of the opinion that someone will eventually satisfy the standards the SEC have established. But he also added the caveat… Read More

September 18, 2018 @ 11:14 am By JD Alois  |  

Securities and Exchange Commissioner (SEC) Hester Peirce delivered a speech at the Cato Fintech event in SF this week tackling an important topic: That of regulators (and policymakers in general) being too risk averse. This is a truism in policy. We elect, or appoint, public… Read More

August 27, 2018 @ 8:13 pm By Samuel Guzik  |  

President Trump:  It’s High Time for a few More Tweets to SEC Chairman Jay Clayton Any good litigator can tell you that the difference between success and failure is often the ability to ask the right questions – at the right times – and asking… Read More