Tagged: sec

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

November 5, 2014 @ 8:11 am By Samuel Guzik  |  

The place was Washington, D.C. The occasion was the Annual Meeting of the Angel Capital Association at the Hilton Hotel in March 2014. Hundreds of attendees were gathered for lunch in the main Ballroom, the largest in the City. The lineup of luncheon speakers was… Read More

October 30, 2014 @ 8:29 am By Samantha Hurst  |  

Next Generation Trust Services, a professional third-party administrator of self-directed retirement plans, is alerting its clients about possible SEC changes regarding who qualifies as an accredited investor. The administrator of self-directed retirement plans has among its clients, investors who use the funds in their self-directed IRAs to… Read More

October 29, 2014 @ 3:00 pm By JD Alois  |  

DJ Paul, CFIRA Co-Chair and CSO of Propellr, has been appointed by SEC Chair Mary Jo White to become a member of the SEC Advisory Committee on Small & Emerging Companies for a term that begins immediately.  The SEC established this committee in 2011 as… 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 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 13, 2014 @ 3:12 pm By JD Alois  |  

Last week the Investor Advisory Committee met at the Securities and Exchange Commission to review and make recommendations on several issues regarding investors.  At the top of the list was the hot polemic on how an accredited investor should be defined. As it stands today… 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 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 5, 2014 @ 6:42 pm By JD Alois  |  

The Securities and Exchange Commission Investor Advisory Committee, established pursuant to Section 911 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, is providing notice that it will hold a public meeting. The public is invited to submit written statements to the Committee. The event… Read More

October 5, 2014 @ 5:24 pm By JD Alois  |  

The SEC plans to conduct the annual SEC Government-Business Forum on Small Business Capital Formation on Thursday, November 20, 2014, at the SEC’s headquarters in Washington, D.C.  We expect the Forum program to start at 9:00 a.m. and conclude with a networking opportunity at a… 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

September 30, 2014 @ 6:43 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled the date for their annual Government- Business Forum on Small Business Capital Formation. The event will take place on Thursday, November 20, 2014 at the SEC headquarters.  Proceedings will commence at 9AM  and continue through the day…. Read More

September 28, 2014 @ 5:34 pm By JD Alois  |  

The Securities and Exchange Commission has published a report on markets for small capitalization equities as part of the requirement of the JOBS Act to study decimalization and trading of small cap companies.  Questions of liquidity and market efficacy have been ruminating at the SEC… Read More

September 19, 2014 @ 12:41 pm By JD Alois  |  

As part of their regularly scheduled quarterly meetings, the Investor Advisory Committee (IAC) is planning to meet at the offices of the SEC on October 9th. The IAC, a mandated group under Dodd-Frank legislation, advises the SEC on various aspects of securities regulations.  One of the… Read More

September 16, 2014 @ 2:13 pm By JD Alois  |  

The US Small Business Administration (SBA) and the Securities and Exchange Commission (SEC) have decided to work together to spread the word on the JOBS Act and new options to raise capital for small businesses.  The JOBS Act legalized various forms of investment crowdfunding including:… Read More

September 11, 2014 @ 9:38 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has created a new office within the Division of Economic and Risk Analysis (DERA) that will coordinate efforts to provide data-driven risk assessment tools and models to support a wide range of SEC activities. DERA has collaborated with market… Read More

September 2, 2014 @ 6:51 pm By JD Alois  |  

Kickercon, a crowdfunding conference took place this past week in Texas.  At one of the sessions Ron Miller,  CEO of StartEngine and hopeful  crowdfuning portal operator, took to the podium to pound the table on Title III retail crowdfunding. In a presentation titled:  Investment Crowdfunding… Read More