Tagged: jay clayton

Former SEC Chairman Jay Clayton Says He is Huge Believer in Blockchain Technology

CNBC December 15 2021 Becky Quick Jay Clayton

Former Securities and Exchange Commission Chairman Jay Clayton visited with CNBC yesterday to discuss meme stocks but he also had the opportunity to share his opinion on crypto. During the show, Clayton professed that he has, “long believed that the rules in that area are… Read More

EMPOWR Files Lawsuit Challenging SEC’s Inability to Comply with FOIA Requests Pertaining to Crypto Regulation

Securities and Exchange Commission SEC Interior

Empower Oversight Whistleblowers & Research (EMPOWR) is a nonprofit, nonpartisan organization dedicated to enhancing independent oversight of government and corporate wrongdoing, has filed a lawsuit challenging the Securities and Exchange Commission (SEC) to disclose conflicts of interest regarding the regulation of crypto. EMPOWR has filed… Read More

Gensler’s Appearance Before Congress Leave DeFi Industry Wanting More

Gary Gensler

As cryptocurrency watchers let Securities and Exchange Commission (SEC) Chair Gary Gensler’s recent appearance before the United States Congress sink in, many are sharing the opinion that he could have done so much more. On Aug. 3, Gensler asked Congress for expanded resources and a… Read More

Pushing Through the Fintech Frontier: Financial Regulators Poised to Expand Fintech and Cryptocurrency Oversight


Joe Biden Press Conference 2020

President Joe Biden’s young administration is poised to deliver heightened – and perhaps unprecedented – regulatory scrutiny of the exploding Fintech industry.  The groundwork for a more active regulatory regime has been set over the course of the past decade.  Prior administrations harnessed existing enforcement… Read More

Former SEC Chair Mary Jo White, who’s Now Representing Ripple in SEC Lawsuit, Shares Views on XRP Sale and Court Case

John Marshall Judge Legal Law Statue Washington DC

When the US Securities and Exchange Commission (SEC) filed a lawsuit against blockchain-focused Fintech firm Ripple Labs in December 2020, the crypto industry and larger community had reacted with alarm and many were surprised. The SEC’s lawsuit also led to Ripple hiring high-profile legal experts… Read More

Commissioner Elad Roisman to Become Acting Chairman of the SEC

Elad L. Roisman 12.1819

Jay Clayton officially stepped down as the Chairman of the Securities and Exchange Commission on December 23rd. His departure had been previously announced and anticipated for this month. In a letter sent to President Trump, Clayton said it had been the honor and privilege of… Read More

Fintech: SEC FinHub to Become Standalone Office Renamed Strategic Hub for Innovation and Financial Technology

Valerie Szczepanik 2

The Securities and Exchange Commission (SEC) announced a bit of end of the year housekeeping today by taking FinHub and morphing it into a standalone office now called the Strategic Hub for Innovation and Financial Technology. Valerie A. Szczepanik, who led FinHub will remain at… Read More

Chairman Jay Clayton Announces His Departure from SEC at End of Year

Jay Clayton 12.18.19

The Securities and Exchange Commission (SEC) has announced that Chairman Jay Clayton will depart the agency at the end of the year. The exit by Clayton has long been expected regardless of the outcome of the Presidential election. Clayton joined the SEC on May 4,… Read More

SEC Small Business Capital Formation Advisory Committee Prepares Recommendations on Finders

Magnifying Glass Look See Review Trend Investigate

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee met this week to discuss the topic of “Finders.” A Finder is an individual who helps a small business find investors and may be paid a fee for this service. Under existing rules,… Read More

On Deck: SEC Small Business Capital Formation Advisory Committee to Tackle Finders Next

Securities and Exchange Commission SEC Interior

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee has scheduled a meeting for next week that will include the important topic of “Finders.” Finders are individuals or firms that help to match investors to smaller businesses. On October 7, the SEC… Read More

The SEC Updates Reg CF, Reg A+ and More. Boosts Reg CF to $5 Million, Reg A+ Increased to $75 Million

Jay Clayton at SEC Fintech Forum

During an open meeting of the Securities and Exchange Commission (SEC), the Commission approved updates to the exempt offering ecosystem that are designed to improve access to capital, boost access to greater opportunity for investors while maintaining important investor protection criteria. In a party-line vote,… Read More

Head of Corp Fin William Hinman to Depart SEC Later this Year

Bill Hinman

William (Bill) Hinman, Director of the Security and Exchange Commission’s Division of Corporation Finance, plans to leave the SEC later this year, according to a notice posted by the agency. Hinman joined the SEC in 2017 and was soon engulfed in the initial coin offering… Read More

SEC Proposes Exemption for Finders as it Seeks to Assist Small Businesses in Need of Capital

Investigation Money Inquiry

A Longstanding Grey Area Today at an open meeting, the Securities and Exchange Commission (SEC) proposed an update to rules pertaining to “Finders” –  individuals or firms that help smaller businesses find investors. The potential change will subject these individuals or firms to reduced regulation… Read More

Association of Online Investment Platforms Ask SEC to Immediately Boost Reg CF Cap to Help Alleviate Challenges of COVID-19

The Washington Monument Washington DC

In a public statement, the Association of Online Investment Platforms (AOIP) has asked the Securities and Exchange Commission (SEC) to move quickly and to improve the regulatory environment to support small businesses during the ongoing COVID-19 health crisis. Addressed to SEC Chairman Jay Clayton, and… Read More

SEC Broadens Definition of Accredited Investor to Include Certain Sophistication Measures

Jay Clayton 12.18.19 a

As widely anticipated, the Securities and Exchange Commission (SEC) updated the definition of an Accredited Investor expanding the rule by adding certain sophistication criteria. The current definition defines an individual who earns over $200,000 a year ($300,000 if married) as accredited. If an individual has… Read More

Sebastian Gomez Abero Appointed as Deputy Director of the SEC’s Office of the Advocate for Small Business Capital Formation

Sebastian Gomez

Longtime Securities and Exchange Commission (SEC) staffer Sebastian Gomez Abero has been named Deputy Director of the SEC’s Office of the Advocate for Small Business Capital Formation (OASB). Gomez Abero has been serving as Senior Advisor to SEC Chairman Jay Clayton. The OASB was created… Read More

During House Hearing, SEC Chairman Jay Clayton Queried about US Attorney in Southern District of New York Selection, Expects Much of the Exempt Securities Ecosystem Review to be Finished by End of Fiscal Year

Jay Clayton at House Subcommittee Hearing June 2020

SEC Chairman Jay Clayton parried with members of the House Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets today. The topic of the hearing was, “Capital Markets and Emergency Lending in the COVID-19 Era,” but too few of the questions aligned with the subject the… Read More

SEC Chairman Jay Clayton to Testify Before House Subcommittee

Jay Clayton HFSC June 2018

SEC Chairman Jay Clayton is scheduled to testify on June 25th, at 12 pm ET, before the House Subcommittee on Investor Protection, Entrepreneurship. and Capital Markets. The topic of the hearing is, “Capital Markets and Emergency Lending in the COVID-19 Era.” The hearing is a… Read More

SEC Small Business Committee Tells Commission to Raise Reg CF Cap, Reg A+ Too

Securities and Exchange Commission SEC 3

In May, the Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee met to discuss pending decisions by the SEC regarding an update to the exempt offering ecosystem. The SEC Small Business Capital Formation Advisory Committee was established by the SEC Small Business… Read More

US Department of Labor Allows Private Equity Investments in 401Ks, the SEC Applauds Move

The Washington Monument Washington DC

  Yesterday, the U.S. Department of Labor (DLO) issued an Information Letter under the Employee Retirement Income Security Act (ERISA) pertaining to private equity investments as a component of a professionally managed funds offered as an investment option for participants in defined contribution plans. Effectively,… Read More

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