Tagged: regulations

November 16, 2014 @ 2:22 pm By Samuel Guzik  |  

Though SEC Commissioners Daniel M. Gallagher and Kara Stein may have travelled on the same plane on the way to the Los Angeles County Bar Association Annual Securities Regulation Conference to address a room of securities industry professionals on October 24, judging by their public… Read More

November 14, 2014 @ 12:45 pm By JD Alois  |  

The Securities and Exchange Commission has published the agenda, along with the names of the associated panelists, for the 2014 SEC Government-Business Forum on Small Business Capital Formation.  Each of the five sitting Commissioners are expected to be in attendance including Chair Mary Jo White…. Read More

November 14, 2014 @ 12:16 pm By JD Alois  |  

The SEC Government Business Forum on Small Business Capital Formation has gained in popularity in recent years.  In light of the JOBS Act and growing recognition of the profound importance of small business to economic growth – what was once a bit of a quiet affair… Read More

November 14, 2014 @ 10:14 am By JD Alois  |  

Dr. Richard Swart, of UC Berkeley and Crowdfund Capital Advisors,  recently addressed the Deep Impact Conference in the UK via video to address the hot topic of crowdfunding and regulation.  Swart is a frequent speaker on crowdfunding and is a highly respected researcher on the… Read More

November 13, 2014 @ 10:46 am By Ludwine Dekker  |  

Crowdfunding ­is ‘hot & happening’. So ‘hot & happening’ in fact, that a lot of valid criticism, however badly formulated at times, is discarded. One of the points made that is taken as an outright insult, is the mention that “Crowdfunding is just a drop… Read More

November 12, 2014 @ 10:47 am By JD Alois  |  

Minnesota has joined the growing list of states that may want legalized investment crowdfunding now -and not just for accredited investors.  Recognizing that Title III is encumbered with excessive costs and a too low cap on amounts an issuer may raise,  a group called “MNvest”… Read More

November 10, 2014 @ 7:27 am By Samuel Guzik  |  

As one who has represented small and emerging growth companies over the past 36 years in navigating access to the capital markets, I have closely followed the legislative and regulatory developments in Washington, D.C. since the enactment of the Jumpstart Our Business Startups Act of… Read More

November 8, 2014 @ 12:09 pm By JD Alois  |  

The Crowdfund Intermediary Regulatory Advocates (CFIRA) has scheduled a public event in Washington, DC, on November 21st, to update and review the community on various aspects of the JOBS Act including Title II, Title III and Title IV.  The 2nd Annual Regulatory Summit has been… Read More

November 7, 2014 @ 11:32 am By Anthony Zeoli  |  

As noted in my prior post, “Draft Bill: Illinois Intrastate Crowdfunding Exemption,” an official draft of my proposed Illinois Intrastate Crowdfunding Exemption was recently finished. To my surprise, people actually read it and I have been getting a lot of questions as to why I… Read More

October 29, 2014 @ 9:41 am By JD Alois  |  

Meanwhile the SEC Stalls on Pushing Forward to Facilitate Title III & Title IV Crowdfunding. The Financial Conduct Authority (FCA), the UK regulatory body similar to the SEC, has announced the opening of their Innovation Hub as they embrace change and creativity in financial services…. Read More

October 27, 2014 @ 8:00 am By Samuel Guzik  |  

  The place: Washington, D.C. – the occasion: the swearing in of a new federal agency head – one charged in part with regulating the flow of capital to small businesses.  President Obama and others listened with a hopeful ear. Her words were inspiring, especially… Read More

October 24, 2014 @ 6:03 pm By Anthony Zeoli  |  

Well it’s official. At long last my proposed Illinois intrastate crowdfunding exemption has been formally drafted as a proposed bill. It may be without a sponsor at the moment but one step at a time…. For those that are interested in reading the full proposed… Read More

October 19, 2014 @ 11:20 am By JD Alois  |  

The Securities and Exchange Commission not only spends a lot of time creating rules they also hit the streets and enforce them.  Monolithic and ill thought out legislation such as Dodd-Frank create an almost never ending list of new rules adding complexity and inertia to… Read More

October 17, 2014 @ 4:45 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has earlier announced that it will hold its annual Government-Business Forum on Small Business Capital Formation at its Washington, D.C. headquarters on November 20, 2014.  As part of the annual gathering the morning session will tackle the definition of… Read More

October 17, 2014 @ 12:43 pm By JD Alois  |  

The United Kingdom government has announced a new consultation seeking input from peer to peer industry participants or views from any other individuals or business as they look to create the most efficient method of including peer to peer loans within Individual Savings Accounts (ISAs)…. Read More

October 10, 2014 @ 11:22 am By Anthony Zeoli  |  

The Investor Advisory Committee (IAC) of the Securities and Exchange Commission (SEC) met yesterday to vote on the approval of its recommendations to the SEC for reforming the current definition of “accredited investor.” Most of the recommendations of the IAC call for changes to the… Read More

October 10, 2014 @ 8:58 am By JD Alois  |  

Paul Niederer and his investment crowdfunding platform, The Australian Small Scale Offerings Board (ASSOB), started doing equity crowdfunding before the term was even coined.  The entire global crowdfunding industry has looked towards Australia for their experience garnered from years of actual practice.  ASSOB has raised… Read More

October 7, 2014 @ 8:10 am By Anthony Zeoli  |  

In a prior post “SEC Releases New Guidance On Intrastate Offerings,” I briefly reviewed Compliance and Disclosure Interpretations (“CDIs”)  numbers 141.03, 141.04 and 141.05 released by the SEC in April relating to securities offerings made pursuant to Rule 147 and Section 3(a)(11) of the Securities… Read More

October 3, 2014 @ 4:03 pm By Jason Futko  |  

  Cambridge House held its Canadian Investor Conference event in Toronto, Ontario on 26 September 2014. The event was geared toward investors by bringing top thought leaders and companies who are interested in accessing investors.  BoardSuite Founder, CEO Oscar A Jofre was invited to participate… Read More

October 3, 2014 @ 12:09 pm By JD Alois  |  

Ron Miller, CEO and founder of StartEngine, launched a personal campaign to push the SEC forward with final rules on Title III of the JOBS Act, retail crowdfunding.  His own comment letter published on the SEC site was posted on July 25th, 2014.  Since that… Read More