Tagged: sec

March 4, 2020 @ 11:06 am By JD Alois  |  

As Crowdfund Insider reported earlier this week, the Securities and Exchange Commission (SEC) had scheduled an Open Meeting of the Commission to address access to capital for private firms. To quote the meeting memo: “The Commission will consider whether to propose rule amendments that would… Read More

March 2, 2020 @ 6:10 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled an open meeting for March 4, 2020, to address access to capital in private markets. The meeting appears to infer a pending rule change that may impact online capital formation. According to the note posted on the… Read More

February 27, 2020 @ 9:47 am By JD Alois  |  

Actor Steven Seagal is apparently not above the law. At least when it comes to promoting an investment in an initial coin offering (ICO), according to the Securities and Exchange Commission. In a release, the SEC said it has settled charges against Seagal for his… Read More

February 27, 2020 @ 9:06 am By JD Alois  |  

SEC Commissioner Hester Peirce has posted a statement dissenting from the Securities and Exchange Commission’s decision to, once again, decline to allow an exchange-traded product (ETP or ETF) for the world’s most popular cryptocurrency Bitcoin. The Commission denied NYSE Arca’s request to offer a Bitcoin… Read More

February 24, 2020 @ 4:47 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has updated its “PAUSE” list or Public Alert: Unregistered Soliciting Entities. The list highlights bogus offering sites and fictitious regulators. In the internet era, both are rampant as anyone, anywhere can cobble together a pretty slick looking website making… Read More

February 20, 2020 @ 5:33 pm By JD Alois  |  

As we have previously reported, Telegram is engaged in a legal battle with the Securities and Exchange Commission (SEC) in what may be the biggest SEC cryptocurrency case yet.  One the one side, you have Telegram that raised over a billion dollars from a digital… Read More

February 19, 2020 @ 1:29 pm By JD Alois  |  

Enigma MPC, formerly known as Newton Security Labs, has settled charges leveled by the Enforcement Division of the Securities and Exchange Commission regarding an initial coin offering (ICO). The SEC had accused Enigma of conducting an unregistered securities offering. Enigma raised $45 million by selling… Read More

February 13, 2020 @ 11:58 pm By Omar Faridi  |  

Jamal El-Hindi, deputy director at the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury Department that analyzes information about financial transactions in order to prevent illicit activities, is calling on firms interested in bridging the cryptocurrency space with social media networks and… Read More

February 12, 2020 @ 3:38 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed charges against Michael W. Ackerman, of Sheffield Lake, Ohio, who allegedly organized a cryptocurrency trading scheme that raised approximately $33 million. The SEC said that about 150 investors including many physicians, lost money in the alleged fraud…. Read More

February 7, 2020 @ 11:56 am By JD Alois  |  

Yesterday, SEC Commissioner Hester Peirce proposed a new rule for a Safe Harbor for tokens that will not be treated as securities. As Crowdfund Insider has previously reported, the proposed Rule 195 will allow an issuer up to three years to prove the digital asset… Read More

February 7, 2020 @ 7:55 am By JD Alois  |  

Yesterday, Crowdfund Insider reported on a speech delivered by SEC Commissioner Hester Peirce that outlined a safe harbor for digital assets that may not be regulated as securities. In brief, Rule 195, proposed that a token issuer has three years for a digital asset to… Read More

February 6, 2020 @ 1:59 pm By JD Alois  |  

Today, in a speech delivered at an event in Chicago, SEC Commissioner Peirce presented a new proposal in the treatment of digital assets that may not be treated as securities perhaps representing a dramatic shift in the US token offering marketplace. In the US, pretty… Read More

February 6, 2020 @ 12:35 pm By JD Alois  |  

SEC Commissioner Peirce has proposed new rules regarding digital assets that may not be securities upon issuance. The proposal was revealed at a speech in Chicago today. As we understand it, Peirce’s proposal, Rule 195, will “set a course for compliant blockchain projects to innovate… Read More

February 6, 2020 @ 10:13 am By JD Alois  |  

This week, the SEC Small Business Capital Formation Advisory Committee met at the Commission to discuss access to capital around the country. Multiple presentations were delivered on the state of access to capital including one by the Office of the Advocate for Small Business as… Read More

February 3, 2020 @ 4:26 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) publishes a monthly list of “alternative trading systems” or ATSs. An ATS is a marketplace that may trade securities similar to a regulated exchange. To receive approval to operate an ATS, a platform must also become a FINRA regulated… Read More

January 29, 2020 @ 9:21 am By JD Alois  |  

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee has published its agenda for the forthcoming meeting taking place on February 4th. According to the SEC, the committee will explore funding gaps that impede growth opportunities for entrepreneurs and job creators. The… Read More

January 23, 2020 @ 3:06 pm By JD Alois  |  

Outspoken entrepreneur and CEO of Prime Trust Scott Purcell has shared his thoughts on the Securities and Exchange Commission’s (SEC) proposal to modernize the current definition of an accredited investor. At the moment, an accredited investor in the US is measured by a wealth metric…. Read More

January 21, 2020 @ 8:50 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has charged Sergii “Sergey” Grybniak and his company Opporty International, Inc. for an allegedly fraudulent initial coin offering. According to the SEC, Grybniak and his company raised $600,000 from around 200 investors during the sale of unregistered “digital asset… Read More

January 21, 2020 @ 8:59 am By JD Alois  |  

While investment crowdfunding rules initially were targeted at early-stage ventures in need of growth capita,l the new rules have fueled the rise of investment platforms for another asset class: real estate investment opportunities. Early-stage ventures, from seed rounds to later-stage venture rounds, tend to include… Read More

January 20, 2020 @ 10:12 am By Cali Haan  |  

In its latest submission in a case against private messaging app provider Telegram, the SEC claims that, Telegram has been using funds raised to develop the TON blockchain to rather cover operating expenses at the messaging business. Telegram raised $1.7 billion USD from 171 purchasers… Read More