Tagged: john berlau

CEI Report: Stablecoins Need to be Private to Succeed

The Competitive Enterprise Institute (CEI), a non-profit DC think tank that advocates on behalf of free markets, has published a paper on stablecoins as well as central bank digital currencies. While CBDCs are state-managed digital currencies, perhaps utilizing blockchain technology, stablecoins are issued and managed… Read More

CEI Comments on JOBS Act 4.0: “we encourage bipartisan support of the legislation”

The Competitive Enterprise Institute (CEI), a free market-focused think tank that supports innovation in financial services, has posted a comment letter forward to Senator Patrick Toomey, ranking member of the Senate Banking Committee and advocate of the JOBS Act 4.0. Earlier this year on the… Read More

Competitive Enterprise Institute Securities Expert on Crypto Legislation: “It will have many positive effects”

John Berlau, a securities and regulatory expert at the Competitive Enterprise Institute (CEI) has shared his initial thoughts on the bi-partisan legislation posted today by Senators Kirsten Gillibrand and Cynthia Lummis. Berlau, long a supporter of beneficial Fintech innovation believes the legislation is a solid… Read More

JOBS Act of 2012: Ten Years of Legalized Investment Crowdfunding

  The JOBS Act of 2012 was signed into law by President Barack Obama ten years ago today, on April 5, 2012. In a rare moment of bipartisanship, Republicans and Democrats joined together to help private firms raise much-needed growth capital via online securities offerings…. Read More

Executive Order on Digital Assets: “Shot in the Arm for Crypto”

Earlier today, the White House posted an anticipated Executive Order on Digital Assets. Currently, the interpretation from industry insiders is cautiously optimistic that the Administration is aiming to balance responsible innovation with the obvious benefits of crypto. The Order was not excessively prescriptive but leaves… Read More

CEI Senior Fellow Says George Washington Would Have Been A Cryptocurrency Advocate

Writing in advance of President’s Day, Competitive Enterprise Institute (CEI) Senior Fellow John Berlau posits an interesting opinion. Berlau, a frequent commentator on policy that impacts financial services, says George Washington, the first US President and Revolutionary War hero, would have likely had “a fondness… Read More

Policy Expert Comments on Removal of IRA Clause from Social Spending Bill that May Have Impacted Securities Crowdfunding

Last week, CI reported that a damaging clause included in pending legislation had been pulled from the language of the bill. The portion of the legislation was ostensibly designed to halt IRA investors (investment retirement accounts) from holding private securities in these tax-sheltered, retirement vehicles…. Read More

$3.5 Trillion Social Spending Bill Includes Section Banning Private Securities from Retirement Accounts, May Impact Investment Crowdfunding

  Earlier this month, John Berlau, a Senior Fellow at the Competitive Enterprise Institute (CEI), wrote an article discussing the controversial $3.5 trillion social spending bill that is currently stuck in the US Senate due to intraparty disagreements. While initially pitched as “infrastructure” or “reconciliation”… Read More

When Howey, the SEC & CorpFin Met Bourbon

Some time ago, I started a small collection of interesting bourbons. A trip to Frankfurt, Kentucky, and a visit to Buffalo Trace, helped to seal my interest. During the trip, I purchased several bottles of 20-year-old Pappy Van Winkel, which I consumed at my leisure… Read More

The House Financial Services Committee: What Should Fintech Expect from Chair Maxine Waters?

The House Financial Services Committee is one of the most powerful Congressional committees on the Hill. The Committee oversees not only the entire financial services industry but its policy portfolio also includes other overlapping responsibilities such as Housing, entrepreneurship and international financial organizations. Last election… Read More

John Berlau to SEC Commissioner Jackson: Companies Going Private and Delisting to Escape Regulatory Costs Have Contributed to a Massive Decline in the Total Number of Public Companies

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

“Sarbanes-Oxley is Shutting Out Average Investors from the Early Growth Stages of the Next Cisco & Starbucks”

It is a fact that the number of public companies and the number of companies going public have dramatically decreased over the last 15 years. For private investors like High Net Worth Individuals or Venture Capitalists this has not been an issue. It is arguable… Read More

Congressional Committee to Review Cost of Being a Public Company

The Subcommittee on Capital Markets, Securities, and Investment, part of the Financial Services Committee, has scheduled a hearing to take place next week on the topic of the excessive cost of being public company. The hearing entitled, “The Cost of Being a Public Company in… Read More

CFPB Ruling on Arbitration May “Transfer Wealth from Consumers to Wealthy Attorneys”

The Consumer Financial Protection Bureau (CFPB) announced a new rule to ban financial companies from using mandatory arbitration clauses. The CFPB said these rules have denied people their day in court. Many consumer financial products like credit cards and bank accounts have arbitration clauses in… Read More

Jay Clayton to Join SEC During Unprecedented Need to “Cut the Red Tape”

Financial regulations are often enacted with little concrete definition, to say nothing of quantification, of their costs and benefits. Regulators and economists have little understanding of causal mechanisms that may provide benefits and incur costs. Worse, they often think they know cause and effect, either… Read More

Will CFPB Move to Limit Arbitration Undermine Alternative Finance?

The Consumer Financial Protection Bureau (CFPB)recently proposed banning arbitration regarding certain  consumer financial agreements and to allow the legal process to take hold in the case of a dispute. The CFPB posted the proposal this past May, outlined as follows: First, the proposed rule would… Read More

The Fix Crowdfunding Act Passes House & Heads to the Senate

The Fix Crowdfunding Act (HR 4855) easily cruised through the House by a vote of 394 – 4 as it attracted broad bipartisan support.  It was joined by the Supporting America’s Innovators Act (HR 4854) which passed on a vote of 389-9. HR 4854 raised… Read More

Half a Crowdfunding Fix: HR 4855 Passes House Financial Services Committee with Several Changes

HR 4855, or the Fix Crowdfunding Act, was approved by the House Financial Services Committee on a solidly bipartisan vote of 57-2.  The bill, sponsored by Congressman Patrick McHenry, was created in response to multiple shortcomings intrinsic to existing Title III or Reg CF investment… Read More

CEI’s John Berlau on Forthcoming Title III Rules: SEC will Eliminate Burdensome Requirements

Anticipating the forthcoming vote and final rules on Title III, retail crowdfunding, later today by the SEC, John Berlau from the Competitive  Enterprise Institute believes the Commission will provide much needed regulatory relief; Today’s equity crowdfunding rules from the Securities and Exchange Commission implementing Title… Read More

CEI to Congress, Regulators: End Millionaires Only Rule Now

CEI Report on Crowdfunding Tells Congress & Regulators to End ‘Millionaires Only’ Rules for Investment During Global Entrepreneurship Week, the Competitive Enterprise Institute (CEI) released a new report on how regulation threatens entrepreneurs and their abilities to start businesses, create jobs, and bring new products… Read More

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