Tagged: mary jo white

Women Became the Story in 2017

As Oprah Winfrey put it during her acceptance speech at the Golden Globes on January 7th, 2018. The reverberations of her words have re-ignited, for anyone who thought it was a just a trend, the importance of #metoo, the industry-agnostic movement. Actually, it is all-encompassing… Read More

My 2017 Crowdfunding Wish List

2016 brought with it many developments in the crowdfunding industry, most notably the introduction of the long-awaited Title III crowdfunding. While admittedly not all crowdfunding legislation passed  was as influential, there have been significant strides made to improve existing securities regulations and to continue prying… Read More

Andrew Ceresney, SEC Enforcement Director, to Depart Commission at End of Year

The Securities and Exchange Commission (SEC) has announced that Enforcement Director Andrew J. Ceresney will depart the agency by the end of the year. Ceresney has been with the SEC for four years as the head of SEC Enforcement – the largest division of the… Read More

Trading and Markets Director Stephen Luparello to Leave SEC at the Beginning of 2017

The Securities and Exchange Commission (SEC) announced on Monday Stephen Luparello, Director of the Division of Trading and Markets, will leave the agency by the first of the year.  Luparello was named director of the office in February 2014, and the organization stated he played a… Read More

SEC Announces Agenda for Small Business Capital Formation Forum Scheduled for this Week

The SEC has had a busy week. First, the Commission held its first Fintech Forum, as suggested by Commissioner Piwowar, indicating its growing interest in financial technology disruption. This morning, SEC Chair Mary Jo White testified before the House Financial Services Committee regarding the SEC… Read More

SEC Chair Mary Jo White to Testify Before House Financial Services Committee Today

Outgoing SEC Chair Mary Jo White will be testifying today (November 15, 2016) before the House Financial Services Committee. White announced her intent to depart the Commission at the end of the Obama’s administration yesterday (November 14th).  The somewhat routine hearing is entitled; “Examining the… Read More

SEC Chair Mary Jo White Will Step Down at End of Obama Administration

SEC Chair Mary Jo White announced her departure plans today.  As the Obama administration is quickly coming to a close, White stated her intent to leave at the end of his term. White was appointed the Chair of the SEC in April of 2103 becoming… Read More

SEC Chair Mary Jo White: “With Power Comes Responsibility”

The U.S. Securities and Exchange Commission (SEC) kicked off its Fintech Forum today with remarks by Chair Mary Jo White, followed by Commissioner Michael S. Piwowar and Commissioner Kara M. Stein. Chair White told the audience that “with power comes responsibility”, namely that new fintech products should… Read More

Fact Sheet: SEC Updates Instrastate Crowdfunding Rules 147 & 504

The Securities and Exchange Commission (SEC) voted to update Rules 147 and 504 today.  The regulatory changes will improve the environment for intrastate crowdfunding. Some in the industry believe that intrastate crowdfunding may do better than Title III/Reg CF as some states have crafted more… Read More

Massive Rule 147 Amendments May Be On The Horizon Impacting Intrastate Crowdfunding

Almost a year ago, the SEC proposed certain amendments to the current Rule 147 which were intended to help foster, and increase the viability of, Intrastate crowdfunding. While little has been heard about these amendments since their release (except from Intrastate proponents like me of… Read More

SEC Schedules Open Meeting on Rules 147 & 504 Impacting Intrastate Crowdfunding

The SEC has scheduled a meeting to consider proposed amendments related to Rules 147 and 504 – securities regulations that impact intrastate crowdfunding.  The meeting of the Commission is scheduled to commence at 10AM on Wednesday, October 26 at SEC HQ in Washington, DC. The… Read More

Shocker: Elizabeth Warren Tells President Obama to Demote SEC Chair Mary JoeWhite

Senator Elizabeth Warren is rattling cages once again. This time, she is blasting SEC Chair Mary Jo White asking President Obama to fire or demote Chair White in a public letter. According to her letter, Warren states “enough is enough”, that Chair White has undermined… Read More

Mary Jo White: One Size Does Not Fit All in Equity Markets

SEC Chair Mary Jo White reaffirmed her interest in providing improved liquidity for shares in smaller companies mentioning specifically Reg A+ and Reg CF. In a wide-ranging speech on equity market structure, White injected a “word on quality markets for smaller companies.” White stated; “…I… Read More

Mary Jo White: SEC Staff Continues to Closely Monitor Reg CF, Reg A+

Two important elements of the JOBS Act are Title III and Title IV.  These two portions of the act created Reg CF, retail crowdfunding, and Reg A+, a scaled disclosure exemption for companies to raise up to $50 million.  In the opening remarks of the… Read More

Fact Sheet: SEC Proposes Rules to Simplify Disclosure Requirements

The Securities and Exchange Commission proposed rules today to streamline and simplify certain disclosure requirements to “eliminate redundant, overlapping, outdated, or superseded provisions.” SEC Chair Mary Jo White commented on the proposal; “The proposed amendments address outdated and redundant disclosure requirements while continuing to require… Read More

SEC Seeks to Scale Disclosure Requirements

The Securities and Exchange Commission has proposed amendments that would increase the financial thresholds in the “smaller reporting company” definition. The proposal is in recognition of the fact that smaller firms are not as well-equipped and financed to endure the costly reporting requirements. “Raising the… Read More

SEC Approves Investors Exchange as a National Securites Exchange

Last night the Securities and Exchange Commission (SEC) announced they had approved Investor’s Securities Exchange or IEX as a national securities exchange. IEX must satisfy certain standard conditions specified in the Commission’s order before it is able to begin the process of transitioning its operation… Read More

SEC Chair Mary Jo White to Testify Before Senate Banking Committee

Mary Jo White, the Chair of the Securities and Exchange Commission, will be presenting before the Senate Committee on Banking, Housing, and Urban Affairs. The open session, scheduled for this Tuesday, June 14 at 9AM, has been labeled, “Oversight of the US Securities and Exchange… Read More

ACSEC Debates Definition of an Accredited Investor. SEC States 8 Cases of Possible Fraud Associated with JOBS Act Exemptions

    The SEC Advisory Committee on Small and Emerging Companies met yesterday at the SEC HQ on Capitol Hill. The main topic of discussion was the definition of an Accredited Investor. SEC Chair Mary Jo White was joined by her two remaining Commissioners, Michael… Read More

SEC Chair White Chats up Crowdfunding at IOSCO Meeting in Peru

SEC Chair Mary Jo White was in Peru this past week to participate in the 41st Annual IOSCO conference in Lima. During her visit, White presented as part of a panel entitled “New ways for the Financing of Small and Medium Enterprises (SMEs) and the… Read More