Tagged: sec

April 4, 2013 @ 7:01 am By TheStreet  |  

It’s been one year since the Jumpstart Our Business Startups (JOBS) Act was passed with the intention to reduce red tape and costs for initial public offerings. The theory was that by doing this and creating crowdfunding for companies, the IPO market would take off…. Read More

April 3, 2013 @ 11:45 am By Advisor One  |  

As the Securities and Exchange Commission prepares to end the ban on general solicitation of private placement offerings, state regulators issued an alert Tuesday warning investors about the risks in such sales. As it stands now, Rule 506 of Regulation D of the Securities Act of 1933… Read More

April 2, 2013 @ 3:30 pm By JD Alois  |  

The Securities and Exchange Commission today issued a report that makes clear that companies can use social media outlets like Facebook and Twitter to announce key information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted about which social… Read More

April 1, 2013 @ 8:04 pm By JD Alois  |  

In a gracious and wide ranging speech given to students at George Washington University, current SEC Chairman Elisse Walter spoke about the mission of the Securities and Exchange Commission and the importance of the public sector in regulating markets and the overall health of the… Read More

April 1, 2013 @ 10:32 am By Washington Post  |  

When lawmakers unveiled the carefully named Jobs Act a year ago, backers expected it to get caught up in the typical grind of Capitol Hill: vigorous debate followed by a long wait for a vote that might never happen. Instead, the legislation sailed through —… Read More

April 1, 2013 @ 10:28 am By The Herald Tribune  |  

The implementation of equity crowdfunding, a way for small businesses to raise capital, has been delayed again. In my column last week, I said that the rules for launching the JOBS Act, which legalizes equity crowdfunding, would probably be finalized by this spring. That is… Read More

April 1, 2013 @ 10:03 am By Indianapolis Business Journal  |  

The Securities and Exchange Commission is still drafting its rules for crowdfunding—a provision in last year’s Jumpstart Our Business Startups Act that allows private companies to raise capital by lining up large numbers of small investors. That delay is good news for the founders of… Read More

March 29, 2013 @ 9:36 am By Washington Post  |  

  While start-up owners eagerly await the Securities and Exchange Commission’s regulations for crowdfunding, a handful of broker/dealers are racing to be the first to capi­tal­ize on the phenomenon.   An exemption in the Securities Act allows start-ups to conduct a version of crowdfunding today — as long… Read More

March 28, 2013 @ 7:49 pm By Josh Constine  |  

  The SEC today paved the way for a new era of venture capital investing by stating it won’t pursue enforcement action against FundersClub, whose platform lets any accredited investor fund startups in exchange for equity. Before, some thought FundersClub’s founders could face jail time for violating finance… Read More

March 28, 2013 @ 8:24 am By Charles Luzar  |  

As we approach the dawn of equity crowdfunding in the US, one of the challenges portals will eventually face has to do with educating their entrepreneurs about how to stay on the right side of the SEC. Specifically, I want to talk about the difference… Read More

March 25, 2013 @ 8:30 am By JD Alois  |  

Attached is the speech, in it’s entirety, as delivered by SEC Chairman Elisse Walter, presented to the Australian Securities and Investment Commission (ASIC) which was done by video conference yesterday for the event occurring in Sydney Australia.  While no mention of crowdfunding was directly included… Read More

March 24, 2013 @ 10:07 am By JD Alois  |  

Current SEC Chairman Elisse Walter will be delivering a speech to the Australian Securities & Investments Commission (ASIC) via video this week where she will address issues of  international co-operation amongst security regulators.  According to The Australian, she was originally to attend the conference but due… Read More

March 20, 2013 @ 4:26 pm By JD Alois  |  

The SEC released today a presentation regarding financial reporting issues for smaller issuers.  A portion of this document reflected upon the changes regarding the Jobs Act and crowdfunding.  This is reflective of the challenges the SEC is facing in their regulatory struggle regarding this disruptive… Read More

March 18, 2013 @ 7:01 am By Charles Luzar  |  

Two weeks ago I was sitting in on a web chat held by the United States State Department. The subject was crowdfunding. Jessica Jackley of popular microloan platform Kiva and Sherwood “Woodie” Neiss of the Startup Exemption and Crowdfund Capital Advisors were discussing crowdfunding in… Read More

March 15, 2013 @ 4:41 pm By JD Alois  |  

In stark contrast to the Senatorial theatrics associated with the confirmation of Defense Secretary Chuck Hagel, incoming SEC Chairman Mary Jo White has experienced a different process which was  more routine.  The confirmation hearing was held this past week on March 12th and was notable… Read More

March 8, 2013 @ 9:22 am By Charles Luzar  |  

The Hill reported yesterday that House Republicans have sent a letter to SEC Chairman Elisse Walter regarding the SEC’s recent allocation of resources. From the article… In a letter sent Tuesday to SEC Chairman Elisse Walter and obtained by The Hill, the quartet of lawmakers… Read More

March 6, 2013 @ 8:23 am By JD Alois  |  

During a news conference at the National Press Club, the North American Securities Administrators Association (NASAA) President and Arkansas Securities Commissioner Heath Abshure and Steve Irwin, NASAA President-elect and Pennsylvania Banking and Securities Commissioner, also outlined five specific areas in which they will seek Congressional… Read More

March 5, 2013 @ 12:21 pm By Upstart Business Journal  |  

Jason Calacanis, the founder of Mahalo and Weblogs, took some time from preparing for this week’s Launch Festival, the startup pitchfest he throws in San Francisco, to talk about that and a number of topics. This is his biggest show in six years of doing… Read More

March 5, 2013 @ 7:58 am By TriplePundit  |  

Crowdfunding is a new capital formation tool that allows large numbers of ordinary investors to aggregate relatively small investments in exchange for equity positions in companies. It’s redefining what it means to be an investor and disrupting the delicate balance between investor protections and investor… Read More

March 4, 2013 @ 8:09 am By JD Alois  |  

In an opinion piece on the pages of NYTimes, journalist / banker and former Obama Administration “Car Czar” attacks legislation promoted by his former boss:  The Jobs Act of 2012.  Titled a “Sneaky Way to Deregulation, Ratner goes directly after one of the most significant… Read More