Tagged: sec

June 30, 2014 @ 7:14 pm By JD Alois  |  

The Office of Investor Advocate (IA), a new role mandated by Dodd-Frank, has submitted its inaugural report to Congress.  In February of this year, SEC Chair Mary Jo White appointed Rick A. Fleming as the first Investor Advocate for the SEC. Fleming, a well known… Read More

June 30, 2014 @ 12:28 pm By JD Alois  |  

While attending the CFGE Conference in New York City last week I was able to sit in on a presentation by Anthony Zeoli regarding the “vanishing middle market IPO”.  Anthony is a securities attorney who is championing the cause of intrastate crowdfunding in Illinois –… Read More

June 28, 2014 @ 12:30 pm By JD Alois  |  

Several members of congress (20 to be exact out of 435) submitted a comment letter to the SEC earlier this month that attacked the proposal to preempt blue sky review at the state level.  The letter takes the position that it was not the intent… Read More

June 28, 2014 @ 9:38 am By JD Alois  |  

The Securities and Exchange Commission has created an Investor Advisory Committee (IAC), as mandated by Dodd-Frank, to advise the SEC on regulatory practices and priorities.  You would think the SEC would get tired of all of these outside advisors but that is the world of… Read More

June 27, 2014 @ 9:01 pm By JD Alois  |  

Last fall – way back in November 2013 – the SEC held their annual gathering of minds to discuss the challenges of small business capital formation.  The meeting was mandated by law under the “Small Business Incentive Act of 1980”.  This was their 32nd forum… Read More

June 26, 2014 @ 3:00 pm By Samantha Hurst  |  

500 Startups, an  active venture capital fund and startup accelerator program, has announced that it has filed with the SEC under the new rules allowing for general solicitation, and is now publicly fundraising for its third flagship fund, targeted at $100M. To facilitate this process, 500… Read More

June 23, 2014 @ 12:54 pm By JD Alois  |  

The Securities and Exchange Commission has published an “Investor Alert” on Affinity Fraud.  Basically they are pointing out what should be obvious.  There are always fraudsters out there looking to dupe the unsuspecting.  Confidence schemes (hence the term “con” man) have been around since the… Read More

June 19, 2014 @ 11:02 am By Anthony Zeoli  |  

Few words or phrases have the ability to affect the U.S. economy like the term “accredited investor.” Whether you know it or not, these two little words control $800 billion of private investment in the United Stated today. The standards for qualifying as an accredited… Read More

June 18, 2014 @ 6:49 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) today announced that Cicely LaMothe has been named as an associate director in the agency’s Division of Corporation Finance. In her new position, Ms. LaMothe will join associate directors Paul Belvin, James Daly, Karen Garnett, and Barry Summer in… Read More

June 14, 2014 @ 8:30 am By JD Alois  |  

Last week during a quick trip to New York City, SEC Chair Mary Jo White addressed the Sandler O’Neill & Partners, L.P. Global Exchange and Brokerage Conference. The title of her speech was “Enhancing Our Equity Market Structure” – a noble subject to be certain.  The… Read More

June 9, 2014 @ 4:22 pm By JD Alois  |  

TBA

June 9, 2014 @ 11:27 am By Samantha Hurst  |  

EarlyIQ, Inc. announced on Monday morning a new feature targeted at simplifying compliance with Bad Actor provisions under U.S. Securities and Exchange Commission (SEC) Regulation D, Rule 506 (d). Under the rule, certain disqualifying events must be monitored and disclosed in order to offer securities in… Read More

June 6, 2014 @ 8:37 am By Barry James  |  

Crowdfunding Sees Growing Regulatory Support. “We are now looking for areas where the system itself needs to adapt to new technology or broader change – rather than the other way round. We want to ensure that positive developments, the ones that promise to improve the lives of… Read More

May 27, 2014 @ 8:15 am By Richard Swart  |  

After more than two years of waiting, the news from Capitol Hill is not good.  The JOBS Act was a political compromise passed by Congress in 2012 due to several layered political agendas. Unfortunately, the provisions of the JOBS act, as enacted in Title III,… Read More

May 21, 2014 @ 5:10 pm By JD Alois  |  

Andrew Ceresney, Director of the Division of Enforcement at the Securities and Exchange Commission, gave a speech today at Compliance Week in Washington, DC.  While there isn’t too much special in talking about enforcement because that’s exactly what the SEC spends quite a bit of time… Read More

May 19, 2014 @ 7:30 am By JD Alois  |  

Sure the deadline has passed for comment letters regarding Title III of the JOBS Act or Regulation CF as some now call it. But as will happen – they continue to trickle in while the staff at the SEC ruminate on how final rules should… Read More

May 16, 2014 @ 8:30 am By Tom Sharbaugh  |  

The new crowdfunding provisions in the “Jumpstart Our Business Startups Act of 2012” (which is often referred to as the “JOBS Act of 2012”) have received a lot of attention: Title III of the Act exempts certain crowdfundings from the registration requirements of the federal… Read More

May 15, 2014 @ 1:44 pm By JD Alois  |  

SEC Chair Mary Jo White took another trip up to Capitol Hill yesterday – this time visiting the Senate side where she once again explained her case for funding needs for the SEC.  If you are interested in watching the recorded hearing you may hop… Read More

May 13, 2014 @ 9:47 am By Georgia Quinn  |  

United Kingdom & the United States See Incredible Growth in Peer to Peer Lending Industry. With all of the hype around equity crowdfunding the silent counterpart of peer-to-peer lending has been quietly growing into a significant and disruptive industry. In fact, some industry followers expect… Read More

May 13, 2014 @ 7:15 am By JD Alois  |  

It is being reported that the Financial Conduct Authority (FCA) in the United Kingdom is going to offer clarification  regarding the difference between “online guidance services” and regulated investment advice.  The report from the FCA is expected to be published next month.  The forthcoming report… Read More