Tagged: sec

February 17, 2014 @ 11:18 am By Charles Luzar  |  

If we were tallying states up today, Kansas, Georgia, Michigan and Wisconsin have made equity crowdfunding legal and are in some stage of implementation. Alabama, Washington, Maine and North Carolina are all considering exemptions. Of course, that may change tomorrow. Amidst all the hoopla about a… Read More

February 16, 2014 @ 6:59 pm By JD Alois  |  

On January 31, 2014, the Securities and Exchange Commission held a meeting of the Investor Advisory Committee.  Several of the commissioners participated in the gathering. A portion of the event, towards the end of the agenda, focused on crowdfunding. The recorded webcast with the portion… Read More

February 15, 2014 @ 6:50 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that it will host a public roundtable in March to discuss cyber security and the issues and challenges it raises for market participants and public companies, and how they are addressing those concerns. The roundtable will be… Read More

February 14, 2014 @ 5:29 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced that Elizabeth Murphy has been named an associate director in its Division of Corporation Finance. For the past five years, Ms. Murphy has served as the Secretary of the Commission, heading the office that prepares, reviews, and… Read More

February 14, 2014 @ 10:44 am By Charles Luzar  |  

Washington State has been on the march toward an intrastate crowdfunding exemption, and yesterday the effort took one more step toward becoming reality. House Bill 2023 was approved with an 89-9 vote. The nine nay votes all came via House Republicans. The bill itself was… Read More

February 12, 2014 @ 8:13 pm By JD Alois  |  

Rick Fleming Currently at North American Securities Administration Association (NASAA) Slated to Become Investor Advocate this Month. The Securities and Exchange Commission (SEC) has appointed Rick A. Fleming to become the first head of the agency’s Office of the Investor Advocate.  As the Investor Advocate,… Read More

February 12, 2014 @ 2:41 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) today announced that David Fredrickson has been named associate director and chief counsel in the agency’s Division of Corporation Finance. He will assume his new position in March. Mr. Fredrickson has been assistant general counsel in the SEC’s Office… Read More

February 12, 2014 @ 10:05 am By Charles Luzar  |  

It’s one of the top 1,000 web sites in the world. It’s been used to fund small, personal pet projects and it’s been used to spur enormous companies. It creates jobs. It’s a platform, an idea, and now even a verb. Do you start a… Read More

February 9, 2014 @ 6:47 am By JD Alois  |  

Securities and Exchange Commission (SEC) Chair Mary Jo White testified before the Senate Banking, Housing & Urban Affairs Committee this past week.  In her prepared comments, entitled “Oversight of Financial Stability and Data Security“, she addressed a litany of challenges and initiatives presently being addressed… Read More

February 8, 2014 @ 12:29 pm By Charles Luzar  |  

There are a lot of people with high hopes for the equity crowdfunding industry in the United States, including the legislators that saw the JOBS Act through. However, it seems there is also increasing concern that the entire exemption could fall flat without some serious… Read More

February 7, 2014 @ 9:08 am By Charles Luzar  |  

Representative Sam Graves (R-Mo.) has submitted a comment letter on proposed rules for Title III crowdfunding. He is the Chairman of the House Committee on Small Business, the same committee that has seen various testimonies on the subject of crowdfunding and the alternative finance industry… Read More

February 3, 2014 @ 9:57 am By JD Alois  |  

Title III of the JOBS Act is the portion of the legislation which has become emblematic for the concept of “crowdfunding”.  This section of the act guides “retail” crowdfunding or the ability of non-accredited investors to participate in crowdfunded public offerings of up to $1… Read More

January 31, 2014 @ 5:29 pm By Joy Schoffler, Leverage PR  |  

Imagine attending a dinner party a year from now where a dozen people are all talking about what businesses they’ve invested in. That’s a scene some predict for the near future, as equity crowdfunding moves into the spotlight in 2014. “I would like to see… Read More

January 27, 2014 @ 4:06 pm By JD Alois  |  

Securities and Exchange Commission (SEC) Chair Mary Jo White addressed the 41st Annual Securities Regulation Institute which has holding their annual gathering in San Diego, California. In a keynote address White states the objective of the SEC is to; “…to protect investors, make it possible… Read More

January 23, 2014 @ 8:50 am By JD Alois  |  

The Securities and Exchange Commission filed the new Regulation A rules associated with Title IV of the JOBS Act. The “Proposed Rule Amendments for Small and Additional Issues Exemptions Under Section 3(b) of the Securities Act” were published today thus starting the countdown for the comment… Read More

January 22, 2014 @ 12:23 pm By Kiran Lingam  |  

Since the proposed crowdfunding rules were released on October 23, 2013, the top concern for many in the industry has been that the costs of compliance would make crowdfunding too expensive to be useful. Our Crowdfunding Cost Model further backed up this concern, indicating that… Read More

January 22, 2014 @ 1:08 am By Samuel S. Guzik, The Crowdfunding Counselor  |  

December 18, 2013 may well mark an historic turning point in the ability of small business to effectively access capital in the private and public markets under the federal securities regulatory framework.

January 21, 2014 @ 12:02 pm By Charles Luzar  |  

In an op-ed published to The Digital Journal today, Maryland State Senate candidate Don Quinn presents his case for an intrastate crowdfunding exemption in his home state. It goes without saying that each small business is more than just a single unit employer. Every small… Read More

January 17, 2014 @ 10:06 am By Georgia Quinn  |  

Office of Advocacy Invokes Act That Requires SEC to Consider Impact on Small Business. If first you don’t succeed… In a brief but much needed comment letter, dated January 16, 2014, the Office of Advocacy (Advocacy) of the Small Business Administration (SBA) asked the Securities… Read More

January 9, 2014 @ 4:00 pm By Samuel Guzik  |  

HOW TO MAKE THE SEC REPENT BEFORE IT IS TOO LATE. In a previous article in Crowdfund Insider on November 4, 2013, I identified a number of serious problems with the SEC’s proposed crowdfunding regulations. I also promised readers to share my opinions on what… Read More