Tagged: mary schapiro

On Crowdfunding & SEC Chair Mary Jo White’s Legacy

SEC Chair Mary Jo White, October 23 2013Because of the impact that this rule could have on the market, we have directed the staff to develop a comprehensive work plan to review and monitor the use of the crowdfunding exemption. If the proposal is adopted,… Read More

Mary Jo White Pushing To Lift Ban On General Solicitation

Bloomberg is reporting that newly minted SEC Chairman Mary Jo White is pushing to lift the ban on general solicitation. From the article… White, who became SEC chairman on April 10, has suggested the commission pass the existing plan without major changes and add additional protections later,… Read More

Senator Michael Bennet Pushes SEC on Crowdfunding

In a letter forwarded to outgoing SEC Chairman Mary Schapiro, Senator Bennet advances the need to not pose an “undue burden on small business”.  This reflects the balance between disclosure from the prospective crowdfunding business and the need for appropriate information regarding due diligence from… Read More

Trading and Markets Director Robert Cook to Leave SEC

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

Ridiculous: SEC Boss Refused To Move Forward On Required Crowdfunding Rules To Protect Her ‘Legacy’

Earlier this year, the JOBS Act passed Congress with widespread bipartisan support, and was signed into law by the President. There were a few different pieces involved, but one that got plenty of attention was the opening up of crowdfunding for equity (i.e., owning actual… Read More

Article in WSJ Indicates Schapiro Delayed Ruling on General Solicitation

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

Schapiro Out, Walter In at SEC… Now What?

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

SEC leadership change could further delay crowdfunding

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

Good Riddance! — SEC’s Schapiro Sabotaged Startup Law Supported By Obama

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

SEC Forum Considers Obstacles To Small Business Capital Formation

The Securities and Exchange Commission is sending fresh signals that it intends to modify rules governing small private and public companies to give them greater access to capital, but the agency faces a wide range of views on how to balance this against its mandate to… Read More