Tagged: hester peirce

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

August 24, 2018 @ 11:14 am By Cali Haan  |  

An SEC decision to disapprove the listing of several Bitcoin exchange-traded funds (ETFs) on the New York Stock Exchange(NYSE) has been stayed pending review. Commissioner Hester Pierce announced the stay yesterday on Twitter. The SEC had ruled the day before to deny a rule change… Read More

July 26, 2018 @ 5:48 pm By JD Alois  |  

Commissioner Hester Peirce has slammed the Securities and Exchange Commission’s decision to deny trading of the Winklevoss Bitcoin Trust on Bats BZX Exchange in a public statement. Peirce stated; “I am concerned that the Commission’s approach undermines investor protection by precluding greater institutionalization of the… Read More

May 22, 2018 @ 10:47 pm By JD Alois  |  

On the same day the North American Securities Administrators Assocation (NASAA) announced “Operation Cryptosweep” – a coordinated enforcement action targeting fraudulent initial coin offerings (ICOs), Commodity Futures Trading Commission (CFTC) Chair J. Christopher Giancarlo delivered a speech to NASAA members. Within his prepared remarks, Giancarlo stated;… Read More

May 21, 2018 @ 10:12 pm By Jim Borzilleri  |  

Earlier this month Hester Peirce, a commissioner of the SEC, delivered a powerful speech in LA that bodes well for the future of cryptocurrency regulation. She addressed the challenges she faces as a regulator of the financial sector, and shared her own philosophy regarding initial… Read More

May 13, 2018 @ 8:17 pm By JD Alois  |  

Towards the end of April, SEC Commissioner Robert J. Jackson Jr. delivered a heartfelt speech in Cleveland about the decline of initial public offerings (IPOs) in the US. While there has been much debate regarding the cause of this decline (with some questioning whether it even… Read More

May 12, 2018 @ 10:08 am By JD Alois  |  

Last week, SEC Commissioner Hester Peirce delivered a powerful speech that shared her views on the mission of regulators broadly, and cryptocurrency innovation specifically. The speech has been widely lauded in the crypto space as it has been viewed as supportive of the potential for… Read More

May 8, 2018 @ 12:34 pm By JD Alois  |  

“The regulator should be careful not to try to control the development of new technologies.” – Hester Peirce, SEC Commissioner SEC Commissioner Hester Peirce delivered a fascinating speech in LA today, addressing the challenges of innovation in the financial services sector while providing insight into… Read More

April 12, 2018 @ 4:37 pm By JD Alois  |  

SEC Commissioners Michael S. Piwowar and Hester M. Peirce have delivered a letter to Chairman Michael Crapo of the Senate Committee on Banking and Chairman Jeb Hensarling of the House Financial Services Committee pertaining to a legislative push to increase the cap on Reg A+… Read More