Tagged: sec

January 9, 2014 @ 8:21 am By JD Alois  |  

On the calendar for January 30, 2014 is the Securities and Exchange Commissions (SEC) Compliance Outreach Program National Seminar 2014.   Outside of an expected welcome from Chair Mary Jo White the event will address a wide range of topics on compliance and enforcement issues…. Read More

January 8, 2014 @ 11:10 am By Charles Luzar  |  

As they do every year, FINRA has released a letter outlining their priorities for the forthcoming year. Regulatory changes prompted by the passage and implementation of the JOBS Act are featured heavily in the letter as risks that mandate diligence on behalf of FINRA. Issues… Read More

January 8, 2014 @ 9:51 am By Charles Luzar  |  

Today the Wyoming Business Report has a story about The Local Crowd LLC and CEO Diane Wolverton. Wolverton has spent 16 years working in the University of Wyoming’s Small Business Development Center. She is now in the process of seeking federal grant money in order to test… Read More

January 8, 2014 @ 9:38 am By Kendall Almerico  |  

The SEC’s 90-day comment period for the proposed JOBS Act equity crowdfunding rules ends in late January 2014. There is a chance that we could see the first JOBS Act crowdfunding campaigns as early as April, although I am not holding my breath on that… Read More

January 3, 2014 @ 10:28 am By David Drake  |  

Under the proposed rules, Title III of the Jumpstart Our Business Startups Act (JOBS Act) will create a new investor class by allowing non-accredited investors to participate in crowdfunding. These rules will lead to a democratized investment landscape profitable to entrepreneurs, inventors, artists, writers, and… Read More

December 31, 2013 @ 5:59 pm By Charles Luzar  |  

Crowdfund Global Expo Features Leading Experts in Debt, Equity and Real Estate Crowdfinance for In-depth Education on the Opportunities and Risks of New Financial Regulations Coastal Shows, the organizer for the Crowdfund Global Expo, taking place at the San Diego Convention Center January 30-31, 2014, has… Read More

December 26, 2013 @ 11:43 am By Charles Luzar  |  

Here on Crowdfund Insider Samuel Guzik, Kendall Almerico and Kim Wales all shared similar thoughts regarding the legal costs associated with crowdfunding in the United States under what is to be Section 4(a)(6) of the Securities Act. In the world of equity crowdfunding, the associated legal and… Read More

December 23, 2013 @ 5:00 am By Charles Luzar  |  

In applying a loose definition of the term “crowdfunding,” Rodrigo Nino stands as the undisputed king of the emerging fundraising methodology. He and his team at Prodigy Network crowdfunded a building in Colombia to the tune of over $175 million from investors both in Colombia… Read More

December 20, 2013 @ 12:55 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has issued a staff report to Congress on its disclosure rules for U.S. public companies, as part of agency’s ongoing efforts to modernize and simplify disclosure requirements and reduce compliance costs for emerging growth companies. The report, mandated by… Read More

December 18, 2013 @ 3:20 pm By JD Alois  |  

Below are the actual proposed rule from the SEC which addresses Title IV of the JOBS Act – specifically Regulation A. A Fact Sheet also exists on the proposed regulations. As with other proposed rule changes from the SEC, there will be a commenting period… Read More

December 18, 2013 @ 2:42 pm By JD Alois  |  

SEC Proposes Rules to Increase Access to Capital for Smaller Companies The Securities and Exchange Commission earlier today voted to propose rules intended to increase access to capital for smaller companies.  The proposed rules are part of a mandate from Title IV of the JOBS… Read More

December 18, 2013 @ 1:30 pm By Kim Wales  |  

Compilation vs. Review vs. Audit for offerings of more than $500,000? Efforts to influence the final proposed rule for Financial Disclosure (Section 4A(b)(1)(D)), requires “a description of the financial condition of the issuer,” in which regulators have requested comments from the public for the Final… Read More

December 18, 2013 @ 1:02 pm By JD Alois  |  

The below remarks are from a meeting which was held earlier today (December 18, 2013) at the SEC regarding proposed changes to Regulation A – which were approved today.  SEC Chair Mary Jo White who opened the meeting presented this prepared statement which is posted… Read More

December 18, 2013 @ 12:18 pm By Georgia Quinn  |  

Today the SEC proposed the new affectionately named Regulation A+ as mandated by Title IV of the JOBS Act. The proposal lays out the framework which includes two tiers of offerings exempt from the full blown registration requirements of the 1933 Securities Act. All Regulation… Read More

December 18, 2013 @ 11:56 am By Charles Luzar  |  

Equity crowdfunding platform EarlyShares provided the following infographic outlining some of the facts and estimates behind Title III of the JOBS Act. Title III aims to legalize equity crowdfunding for non-accredited investors. Rules for the new exemption (Seciton 4(a)(6) of the Securuties Act) were proposed… Read More

December 9, 2013 @ 4:50 pm By JD Alois  |  

Gomez Played Key Role in Drafting JOBs Act Rules. The Securities and Exchange Commission (SEC) has announced that effective immediately Sebastian Gomez Abero has been appointed chief of the Office of Small Business Policy, Division of Corporation Finance.  T Mr. Gomez previously was a special… Read More

December 9, 2013 @ 4:08 pm By JD Alois  |  

The highly influential American Bar Association (ABA) has posted a comment letter on the Securities and Exchange Commission site sharing their opinion on proposed changes to Regulation D, Form D and Rule 156.  The 52 page letter is signed by Catherine T. Dixon, Chair of… Read More

December 9, 2013 @ 11:01 am By Kendall Almerico  |  

When I think of bad actors, I think of Keanu Reeves and William Shatner. When the Securities and Exchange Commission mentions bad actors, they are talking about people they want to prevent from using equity crowdfunding in order to protect investors from fraud. Before the… Read More

December 6, 2013 @ 10:22 am By Charles Luzar  |  

EarlyShares is a crowdfunding platform based in Miami, Florida. The operation is poised to be one of the leaders in the nascent equity crowdfunding space in the United States, and in light of the implementation of Rule 506(c) that took place in September the platform… Read More

December 4, 2013 @ 11:19 am By Dan Gilmartin, Dr. Elisabeth Gerber & Chris Miller  |  

What would happen if we could invest in businesses in our own communities? What would happen if that entrepreneur you know could raise the capital needed to start a business from friends and neighbors and investors who are intimately familiar with the project? Michigan citizens… Read More