Tagged: sec

April 17, 2013 @ 9:35 am By Charles Luzar  |  

In a few hours, Elisse Walter will sit in front of members of the House of Representatives Oversight Committee to answer questions on why key elements of the JOBS Act are still in limbo more than a year after the Act was signed into law…. Read More

April 16, 2013 @ 7:33 am By Charles Luzar  |  

Yesterday the Crowdfund Intermediary Regulatory Advocates (CfIRA), an industry group representing crowdfunding intermediaries, submitted a letter to the House Subcommittee on Oversight and Investigations urging those frustrated with inaction to apply pressure to those who have the power to enact change. This letter precedes tomorrow’s… Read More

April 15, 2013 @ 5:30 pm By Laywers Weekly  |  

Ontario looked upon as key to setting pace When the U.S. Jumpstart Our Business Startups Act was passed last year, it included a “crowdfunding exemption” that opened the door to using social media and other Internet tools to raise capital. And while other jurisdictions, such… Read More

April 15, 2013 @ 7:35 am By Charles Luzar  |  

The Senator spoke about the potential of securities crowdfunding, which would allow startup companies to make equity offerings to investors through websites and raise up to $1 million per year from investors online. The JOBS Act, which was passed in April 2012, established a legal… Read More

April 15, 2013 @ 7:26 am By Wall Street Journal  |  

Sites that enable technology startups to “crowdfund”–tap dozens of small-scale investors for needed capital–could help venture and seed investors raise their own funds online, VentureWire reports today (subscription required). At least one well-known seed-stage fund, Mountain View, Calif.-based 500 Startups, has tried a form of crowdfunding in… Read More

April 15, 2013 @ 6:59 am By PointofLaw  |  

After celebrating the first anniversary of the passage of the JOBS Act, the SEC still has not adopted regulations to implement the law as required. (Background post). Congress is taking notice, as the House Small Business Subcommittee on Investigations, Oversight and Regulations last week held… Read More

April 11, 2013 @ 3:53 pm By MarketWatch  |  

Republican lawmakers on Thursday blasted top officials at the nation’s securities watchdog over delays in the agency’s implementation of key aspects of a law approved a year ago to help small businesses accumulate capital. “I’m getting a lot of verbal moon-walking but I’m not getting… Read More

April 11, 2013 @ 7:30 am By JD Alois  |  

The Securities and Exchange Commission  announced that Mary Jo White was sworn in yesterday as the 31st Chair of the SEC. Chairman White comes to the SEC with decades of experience as a federal prosecutor and securities lawyer. She was nominated to be SEC Chair… Read More

April 10, 2013 @ 8:38 am By Xconomy  |  

… While skeptics point out there might be natural limits on how successful equity crowdfunding could be, the immediate reason for the holdup is the SEC. The JOBS Act required the commission to create the rules governing equity crowdfunding within nine months of its passage. The… Read More

April 10, 2013 @ 7:00 am By Charles Luzar  |  

Monday’s conference on crowdfunding fraud and regulation in Washington, DC was an event I had been looking forward to for some time. It didn’t disappoint. Organized by Virginia-based CrowdCheck, the speaking roster of this conference was distinctly and obviously set up to put all sides… Read More

April 9, 2013 @ 12:44 pm By The Business Journal  |  

This was the scene a year ago, when President Barack Obama signed the JOBS Act, which legalized the use of crowdfunding for equity investments. The SEC, however, still has not issued regulations to make this new way of raising capital a reality. If you’re hoping… Read More

April 8, 2013 @ 6:42 pm By Washington Post  |  

Already months behind schedule, federal regulators charged with establishing the rules to implement new online crowdfunding portals still cannot say when they will issue those guidelines. On Monday, the resulting frustration from entrepreneurs, investors and those trying to build those online financing portals was on… Read More

April 8, 2013 @ 3:02 pm By JD Alois  |  

The US Senate confirmed on Monday that former prosecutor and corporate attorney, Mary Jo White, will be the new Chairman of the Securities and Exchange Commission. The incoming Chairman was appointed by President Obama in January after Mary Schapiro stepped down, passing the mantle to… Read More

April 8, 2013 @ 7:30 am By Terra  |  

The crowdfunding industry is frustrated that the Securities and Exchange Commission has not yet finalized rules that will potentially turbocharge the industry. But it is also cautiously optimistic that there will be movement this year. The SEC is expected to finalize and implement rules on… Read More

April 7, 2013 @ 6:02 pm By JD Alois  |  

Congressman Patrick McHenry releases video for the one year anniversary of the Jobs Act being signed into law. Congressman McHenry specifically comments on crowdfunding urging the Securities and Exchange Commission to move forward with the delayed crowdfunding regulations.  The Congressman points out that President Obama… Read More

April 7, 2013 @ 12:21 pm By Charles Luzar  |  

On the anniversary of the JOBS Act, Woodie Neiss of Crowdfund Capital Advisors and University of Mississippi Law Professor Mercer Bullard discuss investment crowdfunding, investor protection and fraud. It is an interesting microcosm of the arguments being made from both sides of the crowdfunding debate…. Read More

April 6, 2013 @ 3:15 am By JD Alois  |  

A leading organization that represents entrepreneurs and small business owners expressed frustration with the dawdling pace of Jumpstart Our Business Start Up Act  (JOBS Act) implementation by the Securities and Exchange Commission (SEC).  The JOBS Act was signed by President Barack Obama one year ago… Read More

April 6, 2013 @ 3:08 am By Upstart Business Journal  |  

As an angel investor who hears pitches from ambitious entrepreneurs daily, I know that crowdfunding will not be some fad, a blip in era of social networking. I also know that crowdfunding is not about number crunching, technical indicators and fueling yet another tech bubble—there… Read More

April 5, 2013 @ 7:22 pm By JD Alois  |  

CrowdIt, today joins the crowdfunding industry in recognizing the one-year anniversary of the signing of the Jumpstart Our Business Startups (JOBS) Act by President Obama. The bill will allow entrepreneurs to fund small businesses through a new crowdfunding model that provides equity shares in startups…. Read More

April 5, 2013 @ 11:54 am By JD Alois  |  

Crowdfunding due diligence platform Crowdcheck has scheduled a gathering in Washington DC to discuss the possible risks to securities Crowdfunding. The event is featuring keynote speaker US Senator Mark Warner (D – Virginia). Entitled Fraud and Red Tape: Risks to the Potential of Securities Crowdfunding… Read More