Tagged: jobs act

December 5, 2012 @ 3:37 pm By Charles Luzar  |  

Washington, D.C., Dec. 5, 2012 — The Securities and Exchange Commission today announced that Robert W. Cook, Director of the SEC’s Division of Trading and Markets, plans to leave the agency. Since joining the SEC in January 2010, Mr. Cook has led the Division’s broad regulatory… Read More

December 5, 2012 @ 11:14 am By Mark Mohler, Crowdfunding Law  |  

I wonder whether the SEC understands that Title III investment crowdfunding is inextricably linked to social entrepreneurship.  It is essential to understanding how a balanced approach for regulation is necessary in this area.  Title III is a natural evolution of the rewards-based crowdfunding that has… Read More

December 5, 2012 @ 9:40 am By A. Brian Dengler, CFIRA  |  

Washington, DC – December 4, 2012 – Meredith Cross, who directed the SEC division overseeing the implementation of the Jumpstart Our Business Startups Act and Dodd-Frank Wall Street Reform Act, says she is stepping down to return to the private sector. Ms. Cross has served as the Director of the… Read More

December 4, 2012 @ 1:33 pm By Charles Luzar  |  

ConfidentCrowd Launches Accredited Investor Access for Broker-Dealer Members In Accordance with Title II of JOBS Act PHOENIX–(BUSINESS WIRE)– Dinan & Company today announced that its unique crowdfunding platform ConfidentCrowd will offer small and mid-sized businesses the opportunity to participate in much larger equity-based financings than available under… Read More

December 2, 2012 @ 11:58 am By JD Alois  |  

As reported in WSJ.com  (subscription required), emails reviewed by the Wall Street Journal indicate the outgoing SEC Chair held up ruling on General Solicitation after last minute lobbying by a “consumer lobbyist”.  This caused Schapiro to change her mind regarding one of the centerpiece items of… Read More

November 29, 2012 @ 7:48 am By The Street  |  

“I don’t think an IPO has happened over the past couple of years below 500 million dollars.” That observation by Robert Kaplan, Jr. — a partner with Kaplan Voekler Cunningham & Frank — about the dearth of small initial public offerings by small and mid-sized… Read More

November 28, 2012 @ 7:53 pm By A. Brian Dengler, CFIRA  |  

Despite news that the chair of the SEC will step down next month, CFIRA members remain optimistic that the SEC will formulate rules to govern equity crowdfunding under the JOBS Act by the end of 2013. Board members of the Crowdfund Intermediary Regulatory Advocates (CFIRA) made the… Read More

November 28, 2012 @ 6:00 am By Charles Luzar  |  

Last month I wrote an article about how a fund of funds may help some investors participate in crowdfunding.  Interested in additional perspective on the idea, I reached out to Sherwood Neiss of Crowdfund Capital Advisors for his take.  His response was as follows: (f) Applicability- Section 4(6) shall not apply to transactions… Read More

November 28, 2012 @ 3:52 am By JD Alois  |  

According to an article in Property and Casualty 360, industry participants list crowd funding as a potential concern for 2013.  Insurers expect professional and management liabilities to increase in 2013 by up to 10 percent according to a recent survey quoted in the article. With… Read More

November 27, 2012 @ 8:30 pm By THe Business Journal  |  

You’d think a vacancy at the top at the Securities and Exchange Commission would cause further delays in new regulations implementing crowdfunding and other provisions of the JOBS Act. But that may not be the case, according toKaren Kerrigan, who heads the Small Business &… Read More

November 27, 2012 @ 4:46 pm By Forbes  |  

With the passing of President Obama’s JOBS Act this past April, the word of the day seems to be crowdfunding. While this concept has arguably been around for centuries, it is still formally recognized as a new industry to many consumers, particularly those outside the United… Read More

November 27, 2012 @ 9:49 am By Charles Luzar  |  

Mary Schapiro has stepped down as chairman of the SEC.  President Obama has appointed Elisse Walter to head the SEC upon Mary Schapiro’s departure. Immediately following Ms. Schapiro’s announcement, there was some concern that the process of installing a replacement would bring delays to the… Read More

November 27, 2012 @ 8:00 am By The Washington Post  |  

News of a leadership change at the Securities and Exchange Commission has some experts concerned that entrepreneurs may have to wait even longer for highly anticipated yet already delayed crowdfunding rules. SEC chairman Mary L. Schapiro announced Monday that she will step down next month, and President… Read More

November 27, 2012 @ 7:15 am By OpenMarket  |  

When President Obama appointed Mary Schapiro to head the Securities and Exchange Commission four years ago, I kept an open mind and was even cautiously optimistic. In a Washington Times op-ed in late 2008, I called the appointment “reasoned and thoughtful.” I had not been crazy about George W…. Read More

November 20, 2012 @ 4:50 pm By Charles Luzar  |  

The 2012 Forum on Small Business Capital Formation is in the books. Industry leaders met with representatives from the SEC in an effort to build consensus on regulatory recommendations for crowdfunding’s implementation in the US. Although the movement has come a long way, there is… Read More

November 20, 2012 @ 7:02 am By Institutional Investor  |  

Call it venture capitalism for the masses. The U.S. Jumpstart Our Business Startups, or JOBS, Act is about to inject new energy into crowdfunding, a web-based approach to raising business capital. Through an amendment to the Securities Act, the JOBS Act lets start-ups raise money… Read More

November 19, 2012 @ 2:01 pm By Jonathan Sandlund, The Crowd Cafe  |  

The Securities and Exchange Commission hosted its annual Small Business Capital Formation forum last Thursday. Crowdfunding under Title II and Title III of the JOBS Act was top of mind. We were hoping for a substantive update – the SEC is well beyond congressionally mandated… Read More

November 19, 2012 @ 1:57 pm By Daniel Gorfine and Ben Miller, The Exchange  |  

The Jumpstart Our Business Startups (JOBS) Act, passed into law in April of this year, has the potential to help startups and small businesses raise capital through numerous, small investments from “the crowd.” This widely discussed crowdfunding exemption is found in Title III of the… Read More

November 19, 2012 @ 7:45 am By JD Alois  |  

            Lendio Considers the Implications of a Reduction in Small Business Lending SOUTH JORDAN, UT–(Marketwire – Nov 19, 2012) – The Washington Post reports that, during September of this year, small business owners borrowed less money overall. The publication asserts… Read More

November 18, 2012 @ 9:03 pm By Washington Post  |  

Ever since President Obama signed the Jumpstart Our Business Startups Act in April, entrepreneurs and investors have been buzzing about the promise of new paths to start-up capital. But the clock is ticking for the regulators charged with implementing the law, and with little more… Read More