Tagged: sec

December 13, 2012 @ 3:11 am By WSJ.com  |  

Small-business groups, crowdfunding sites, brokerage firms, securities lawyers and other stakeholders weighed in on equity crowdfunding on the Financial Industry Regulation Authority’s website between July and August, during an open comment period. The posts range from entrepreneurs’ pleas to keep regulations light, in order to free up… Read More

December 13, 2012 @ 1:03 am By Investment News  |  

As it installs a new chairman on Friday, the Securities and Exchange Commission has succeeded in doing something that’s rare in Washington these days – generating bipartisan agreement. Both Democrats and Republicans are now calling on the agency to speed up rule-making legislation – known… Read More

December 12, 2012 @ 10:30 pm By JD Alois  |  

In an article published today on WSJ.com (Subscription), the author highlights the woes of a small businessman – in dire need of capital to expand with nowhere to go. Scott Schroeder owns a small electronics assembly business in Oregon.  His business experienced a recent surge… Read More

December 12, 2012 @ 7:01 am By JD Alois  |  

I recently got around to listening to Brian Knight’s excellent CrowdFundCast podcast that he produces periodically.  His latest podcast discusses the SEC Small Business Forum, which we’ve covered previously. Sarah is an accomplished attorney with vast experience with the securities and finance industry.  She spent… Read More

December 10, 2012 @ 7:00 am By Charles Luzar  |  

RocketHub’s Crowdfunding Whitepaper may prove a little tedious for the typical entrepreneur, but if you’re looking for a deep understanding of crowdfunding’s status in the US it is required reading.  COO Jed Cohen and CFO Alon Hillel-Tuch were armed with their enthusiasm and this document at… Read More

December 9, 2012 @ 4:14 pm By The Australian Society of Entrepreneurs  |  

In predicting the new SEC Chairman Elisse Walter‘s impact on Title III Crowdfunding exemption perhaps the most relevant insight Walter has provided is contained in a 2009 article regarding her position on the regulation of Broker-Dealers and Investment Advisors (EB Walter, ‘Regulating Broker–Dealers and Investment… Read More

December 8, 2012 @ 4:26 am By JDSupra  |  

Reports that U.S. Securities and Exchange Commission (SEC) Chairman Mary Schapiro will be leaving her post next week have raised questions as to the fate of a number of high-profile issues currently on the Commission’s docket. Chief among them is the concern that long-awaited crowdfunding… Read More

December 5, 2012 @ 7:57 pm By WSJ.com  |  

Chairman Mary Schapiro has announced she’s leaving the SEC, and Democrats are applauding her tenure. But she shouldn’t be allowed to leave without more attention to her delay, in order to appease a lobbyist, of a new rule that would ease capital formation. Emails turned up by… Read More

December 5, 2012 @ 7:49 pm By Costa Rica Star  |  

(Reuters) – A spike in website names related to crowdfunding suggests an upcoming wave of websites through which small businesses and entrepreneurs could raise investments using the online strategy, state securities regulators said on Wednesday. The website names have soared to 8,800 from fewer than… Read More

December 5, 2012 @ 5:46 pm By The Economist  |  

THE unsurprising resignation of Mary Schapiro, head of the Securities and Exchange Commission (SEC), announced on November 26th, was followed by an unsurprising flurry of statements dripping with faint praise. True, the financial markets did not collapse during her tenure, and she was more engaged… Read More

December 5, 2012 @ 3:37 pm By Charles Luzar  |  

Washington, D.C., Dec. 5, 2012 — The Securities and Exchange Commission today announced that Robert W. Cook, Director of the SEC’s Division of Trading and Markets, plans to leave the agency. Since joining the SEC in January 2010, Mr. Cook has led the Division’s broad regulatory… Read More

December 5, 2012 @ 3:36 pm By JD Alois  |  

Washington, D.C., Dec. 5, 2012 — The Securities and Exchange Commission today announced that General Counsel Mark D. Cahn will leave the agency at the end of the year to return to the private sector. Mr. Cahn has served as the SEC’s General Counsel since… Read More

December 5, 2012 @ 11:14 am By Mark Mohler, Crowdfunding Law  |  

I wonder whether the SEC understands that Title III investment crowdfunding is inextricably linked to social entrepreneurship.  It is essential to understanding how a balanced approach for regulation is necessary in this area.  Title III is a natural evolution of the rewards-based crowdfunding that has… Read More

December 5, 2012 @ 9:40 am By A. Brian Dengler, CFIRA  |  

Washington, DC – December 4, 2012 – Meredith Cross, who directed the SEC division overseeing the implementation of the Jumpstart Our Business Startups Act and Dodd-Frank Wall Street Reform Act, says she is stepping down to return to the private sector. Ms. Cross has served as the Director of the… Read More

December 5, 2012 @ 6:05 am By TechDirt  |  

Earlier this year, the JOBS Act passed Congress with widespread bipartisan support, and was signed into law by the President. There were a few different pieces involved, but one that got plenty of attention was the opening up of crowdfunding for equity (i.e., owning actual… Read More

December 2, 2012 @ 11:58 am By JD Alois  |  

As reported in WSJ.com  (subscription required), emails reviewed by the Wall Street Journal indicate the outgoing SEC Chair held up ruling on General Solicitation after last minute lobbying by a “consumer lobbyist”.  This caused Schapiro to change her mind regarding one of the centerpiece items of… Read More

November 29, 2012 @ 3:57 pm By JD Alois  |  

This items was posted in an article on AdvisorOne which reviewed the amendments and proposals FINRA is scheduled to review during their upcoming December meeting; Other items on FINRA’s list includes a proposal to seek “essential information” from crowdfunding portals that want to apply for… Read More

November 29, 2012 @ 7:48 am By The Street  |  

“I don’t think an IPO has happened over the past couple of years below 500 million dollars.” That observation by Robert Kaplan, Jr. — a partner with Kaplan Voekler Cunningham & Frank — about the dearth of small initial public offerings by small and mid-sized… Read More

November 27, 2012 @ 8:30 pm By THe Business Journal  |  

You’d think a vacancy at the top at the Securities and Exchange Commission would cause further delays in new regulations implementing crowdfunding and other provisions of the JOBS Act. But that may not be the case, according toKaren Kerrigan, who heads the Small Business &… Read More

November 27, 2012 @ 9:49 am By Charles Luzar  |  

Mary Schapiro has stepped down as chairman of the SEC.  President Obama has appointed Elisse Walter to head the SEC upon Mary Schapiro’s departure. Immediately following Ms. Schapiro’s announcement, there was some concern that the process of installing a replacement would bring delays to the… Read More