Tagged: sec

December 20, 2019 @ 10:59 am By JD Alois  |  

Earlier today, the UK government announced its selection Andrew Bailey to replace Mark Carney as Governor of the Bank of England. Carney’s departure has long been anticipated and, in fact, he extended his tenure at the Bank to help provide an element of stability in… Read More

December 19, 2019 @ 7:34 pm By JD Alois  |  

The President of the North American Securities Administrators Association (NASAA), Christopher W. Gerold, has issued a statement regarding the Securities and Exchange Commission’s (SEC) proposal to modernize and improve the definition of an accredited investor. NASAA is the advocacy and lobbying group that represents state… Read More

December 18, 2019 @ 2:23 pm By JD Alois  |  

Today, the Securities and Exchange Commission (SEC) held a public meeting to discuss, and vote on, various rules impacting the securities markets. Included in the meeting was an update to the definition of an accredited investor. Currently, the definition is determined by a wealth metric…. Read More

December 17, 2019 @ 10:07 pm By JD Alois  |  

Tomorrow (December 18, 2019), in a public meeting by the Securities and Exchange Commission (SEC), the Commissioners will review the definition of an accredited investor. In a revised agenda, the public meeting outlined the specific topics to be addressed by the Commission, with the definition… Read More

December 16, 2019 @ 2:31 pm By JD Alois  |  

Last week, the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC) met to review, and vote on, recommendations for the Commission as part of the concept release on regulatory harmonization. During a public call, a discussion was held on addressing the… Read More

December 13, 2019 @ 1:00 pm By JD Alois  |  

This week, the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), submitted a recommendation to the Commission on the definition of an accredited investor. The SEC will look for guidance from the Committee as it values the feedback of front line… Read More

December 11, 2019 @ 9:09 pm By Cali Haan  |  

The US Securities and Exchange Commission (SEC) has charged Shopin founder Eran Eyal with violating antifraud and registration provisions of federal securities laws in an ICO (initial coin offering) sale. The SEC says Eyal raised $42.5 million USD selling Shopin cryptographic or “blockchain” tokens to… Read More

December 10, 2019 @ 1:51 am By Cali Haan  |  

The SEC is seeking to depose UK citizen John Hyman, whom Telegram CEO Pavel Durov has identified as “Telegram’s chief investment advisor.” The SEC believes Hyman brokered many of the private deals that helped Telegram raise $1.7 billion USD from 171 investors in two sales of GRAM… Read More

December 8, 2019 @ 10:08 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee has scheduled an additional meeting to discuss regulatory harmonization along the lines the Commission’s Concept Release published earlier this year. The SEC officially closed comments on its Concept Release in September but feedback… Read More

December 5, 2019 @ 4:30 pm By Cali Haan  |  

Dalia Blass, director of the Security and Exchange Commission’s (SEC’s) Division of Investment Management told an audience at the 2019 ICI Securities Law Developments Conference this week, “that a registered closed-end interval fund with a bitcoin futures strategy is preparing to launch.” According to Investopedia: “An interval fund is… Read More

December 4, 2019 @ 2:49 pm By Cali Haan  |  

Carolyn Welshhans, the SEC’s Associate Director of Enforcement, will be speaking on a panel at New York University’s (NYU’s) Women Leaders in Cybersecurity event December 5th. According to a tweet from the SEC, Welshhans will be discussing the SEC Enforcement Division’s, “approach to cybersecurity issues,… Read More

December 3, 2019 @ 5:26 pm By JD Alois  |  

The conference will bring together current and former government officials and experts from different areas of the private sector to explore and discuss the ever-changing economic, risk and market environment and what those changes mean for the structure and function of the securities markets. Areas… Read More

December 2, 2019 @ 8:49 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has appointed Kristina Littman as Chief of the Division of Enforcement’s Cyber Unit, a specialized unit that focuses on protecting investors and markets from cyber-related misconduct. Littman succeeds Robert Cohen, who left the Commission in August 2019.  Cohen was… Read More

December 2, 2019 @ 9:13 am By JD Alois  |  

The Securities and Exchange Commission (SEC) announced a significant review of the securities exemption ecosystem in June of this year. During the past few decades, the Commission, with some help from Congress, has updated and added to the many rules that regulate private securities offerings…. Read More

November 25, 2019 @ 11:34 am By Omar Faridi  |  

Gladius, a “distributed” cybersecurity firm, has reportedly dissolved its operations without complying with the orders from the US Securities and Exchange Commission (SEC) to reimburse the project’s investors. Alex Godwin, the company’s co-founder and CTO, confirmed the dissolution of the firm through a message sent… Read More

November 24, 2019 @ 9:40 pm By JD Alois  |  

Renwick Haddow, a UK citizen who allegedly perpetrated multiple frauds, has received additional sanctions from the Securities and Exchange Commission (SEC). Haddow apparently also adopted the alias “Jonathan Black.” Haddow was previously disqualified as a director of any United Kingdom company for eight years, and… Read More

November 20, 2019 @ 11:20 am By JD Alois  |  

The US Securities and Exchange Commission (SEC) has scheduled a conference tackling the topic of “The State of Our Securities Markets.” The event, which is open to the public, will take place on December 4th, 2019 at SEC HQ on F Street in Washington, DC. The… Read More

November 19, 2019 @ 7:23 pm By JD Alois  |  

Last week, Crowdfund Insider referred to several Securities and Exchange Commission (SEC) enforcement actions that addressed the sale of unregistered securities by issuers of initial coin offerings (ICOs). Penalties assessed by the SEC are now coming due for several prominent enforcement actions brought by the… Read More

November 16, 2019 @ 7:29 pm By Samantha Hurst  |  

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Thursday two developments that mark significant progress in regaining compliance with the New York Stock Exchange’s Continued Listing requirements. China Rapid Finance reported that it completed its 2018 financial statement audit… Read More

November 16, 2019 @ 11:14 am By Omar Faridi  |  

Payment software firm Bill.com is planning to raise $100 million through an initial public offering (IPO), according to a recent filing with the US Securities and Exchange Commission (SEC). Established in 2006 by PayCycle co-founder René Lacerte, Bill.com provides cloud-based business payments and offers a… Read More