Tagged: sec

February 5, 2013 @ 8:11 am By WSJ.com  |  

A tectonic shift is under way in how companies raise money—and it will have a profound impact on U.S. investors and markets. According to the Securities and Exchange Commission’s most recent estimates, businesses have been raising more funds through private transactions than through debt and… Read More

February 4, 2013 @ 5:14 pm By BusinessWeek  |  

Nearly two years ago, I championed the idea of making it legal for entrepreneurs to raise money by selling equity stakes in their companies online. This kind of crowdfunding came much closer to becoming a reality when President Obama signed the Jumpstart Our Business Startups (JOBS) Act into law… Read More

February 1, 2013 @ 6:43 pm By Charles Luzar  |  

The second recommendation is of note… THE COMMITTEE RECOMMENDS THAT: The U.S. Securities and Exchange Commission should facilitate and encourage the creation of a separate U.S. equity market or markets for small and emerging companies, in which investor participation would be limited to sophisticated investors,… Read More

January 31, 2013 @ 2:13 pm By Charles Luzar  |  

Earlier this week FINRA invited prospective Crowdfunding portals to voluntarily file an interim funding portal form. The Crowdfund Intermediary Regulatory Advocates (CFIRA) and sister organization the Crowdfunding Professional Association(CfPA) have conducted a thorough review of the FINRA Registration Process Inquiry form for Crowdfunding Portals, and are optimistic about the progress that is being… Read More

January 31, 2013 @ 12:20 pm By JD Alois  |  

Equity crowdfunding is still in a holding pattern, hovering over the regulatory process in Washington DC. The merits of crowdfunding continue to become more self evident as progress is made in the UK and around the world. One subject about equity crowdfunding which has only… Read More

January 31, 2013 @ 11:10 am By JD Alois  |  

Washington, DC –  The Securities and Exchange Commission today announced the agenda for a meeting of its Advisory Committee on Small and Emerging Companies being held this Friday, February 1. The Committee will consider recommendations about trading spreads for smaller exchange-listed companies, creation of a… Read More

January 27, 2013 @ 8:00 am By DelawareOnline  |  

In April, President Barack Obama signed the bipartisan Jumpstart Our Business  Startups Act into law. The entrepreneurial community cheered, saying the law would help small businesses raise money during their most vulnerable periods, when companies try to move from early to late stage. “The thing that kills… Read More

January 26, 2013 @ 6:35 am By Upstart Business Journal  |  

Last week, influential crowdfunding advocates pleaded with interim Securities and Exchange Commission Chair Elisse Walter to move a set of rules for legislating last year’s Jumpstart Our Business Startups Act into the required 90-day comment period. They feared that the appointment of a new head would further delay the long-awaited legislation… Read More

January 25, 2013 @ 8:28 am By Practical ECommerce  |  

When President Obama signed the Jumpstart Our Business Startups Act in April 2012, the clock started ticking on a 270-day period for the Securities and Exchange Commission to write the regulations that would govern crowdfunding. That 270 period is over and no regulations exist. SEC… Read More

January 24, 2013 @ 11:09 pm By Charles Luzar  |  

  MARY JO WHITE TO LEAD SEC: CROWDFUNDING IMPLICATIONS? (Crowdsourcing.org) “When it comes to prosecuting white collar criminals, she’s got an outstanding track record,” Douglas Ellenoff, of Ellenoff Grossman and Schole LLP, told Crowdsourcing.org. “She’s really an interesting and credible pick for the president, as… Read More

January 24, 2013 @ 2:54 pm By CBS News  |  

…But being a prosecutor is one thing, and being a top regulator is another. In the near term, the Commission faces many huge decisions. The Dodd-Frank financial reforms, designed in part to limit the risks big banks can take, and the so-called JOBS act, intended… Read More

January 24, 2013 @ 8:48 am By Charles Luzar  |  

Multiple news sources are reporting that President Obama will nominate former US Attorney Mary Jo White to chair the SEC later today. From USA Today… During the Bill Clinton administration, White served as U.S. attorney for the Southern District of New York. She specialized in… Read More

January 24, 2013 @ 1:40 am By JD Alois  |  

“This is just beyond tremendous,” said IPO Village Mayor Howard Orloff. “This is absolute proof crowdfunding is a major force in the investing world. It is more proof that investors are ready to take advantage of buying stock directly from businesses without having to go… Read More

January 23, 2013 @ 4:13 am By JD Alois  |  

Coming from the pages of Mondaq: SEC Approves FINRA Rule Change to Adopt Interim Form for Funding Portals under the Crowdfunding Provisions of the JOBS Act FINRA filed with the SEC a proposed rule change to adopt the Interim Form for Funding Portals (“IFFP”). The… Read More

January 22, 2013 @ 7:04 pm By CBSNews  |  

Part of the Jumpstart Our Business Startups, or JOBS, Act of 2012 made it possible for the little guy to get a chance to put money into a startup. That’s the charitable interpretation, anyway: Many critics of the legislation worried that it may allow some… Read More

January 21, 2013 @ 4:09 pm By MyCentralJersey  |  

In April, President Barack Obama signed the bipartisan Jumpstart Our Business Startups Act into law. The entrepreneurial community cheered, saying the law would help small businesses raise money during their most vulnerable periods, when companies try to move from early to late stage. “The thing… Read More

January 21, 2013 @ 7:41 am By USAToday  |  

In April, President Barack Obama signed the bipartisan Jumpstart Our Business Startups Act into law. The entrepreneurial community cheered, saying the law would help small businesses raise money during their most vulnerable periods, when companies try to move from early to late stage. “The thing… Read More

January 19, 2013 @ 8:42 am By TechnicallyPhilly  |  

One Philadelphia Attorney’s perspective: New Year’s Eve of 2012 came and went this year as it does every year. Some partied. Some slept. But for those of us who are paying attention to the world of equity crowdfunding, Dec. 31, 2012 was supposed to be a day… Read More

January 17, 2013 @ 9:20 am By Alison Grant, The Plain Dealer  |  

Formal complaints of securities violations in Ohio have fallen sharply in the past five years, but the state’s top securities watchdog says that trend could reverse with the rise of more Internet-based investing. Under a new securities law signed by President Obama last April, companies are… Read More

January 15, 2013 @ 7:02 pm By Forbes  |  

In April 2012, President Obama signed the JOBS (Jumpstart Our Business Startups) Act, aiming to revitalize opportunities for entrepreneurs, startups, and small businesses; e.g. America’s main job creators. Briefly, main benefits of the JOBS Act as it is now are as follows. The JOBS Act… Read More