Tagged: jim borzilleri

Hester Peirce Advocates for Thoughtful Regulation in Powerful LA Speech

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

ICOs are STILL Not Taking Compliance Seriously in Search for Big Money

The initial coin offering (or ICO) explosion accelerated by Ethereum smart contract technology has resulted in over $3 billion in raised capital in 2017 and garnered the attention of governments worldwide.  The US Securities and Exchange Commission (SEC) has taken note.  In their statement on… Read More

Comments Due for US Treasury Proposal to Add Compliance & Cost to Crowdfunding Portals

FinCEN, a bureau of the Department of the Treasury, has proposed changing the regulatory definition of a “broker or dealer in securities.”  The proposed amendment will impact crowdfunding portals as created under the JOBS Act of 2012.  According to FinCEN; “these amendments would require funding… Read More

Michigan Gets New Equity Crowdfunding Platform Under MILE Act

MichiganFunders.com is the first “homegrown” equity crowdfunding platform in the state of Michigan. The new funding platform follows the passage of Public Act 264 or Michigan Invests Locally Exemption (MILE Act). The new funding portal has been co-founded by David Tessler, Jeffery Freeman, and Niles… Read More