Tagged: sec

April 29, 2017 @ 10:05 am By JD Alois  |  

The Securities and Exchange Commission is partnering with New York University on an event tackling the topic of the declining initial public offering market (IPO). Organized under the auspices of the SEC’s Division of Economic Risk Analysis (DERA), the half day dialogue is being held… Read More

April 25, 2017 @ 2:43 pm By JD Alois  |  

SEC Advisory Committee On Small And Emerging Companies (ACSEC) has scheduled a meeting for May 10, 2017. The ACSEC meeting will commence at 9:30AM and will take place at the SEC Headquarters. The public is invited to these meetings but the SEC typically live-streams the… Read More

April 25, 2017 @ 11:14 am By JD Alois  |  

The Securities and Exchange Commission (SEC) will hold its first “Twitter Chat” on investing wisely. According to the SEC, the outreach is part of  Money Smart Week and Financial Literacy Month. The Offices of Public Affairs and Investor Education and Advocacy will host the Twitter… Read More

April 21, 2017 @ 12:00 pm By Jonathan Nieh  |  

On April 20, 2017, amendments to Rule 147 and new Rule 147A, federal intrastate offering exemptions, finally went into effect. The amendments to Rule 147 and new Rule 147A are intended to modernize and update the exemption that allows companies to raise money from investors who… Read More

April 19, 2017 @ 10:03 pm By JD Alois  |  

Crowdfunding, as allowed under Reg CF (created by Title III of the JOBS Act) was designed to improve access to capital for smaller firms in need of funding while providing new investment opportunities for smaller investors. For too many years the little guy has been… Read More

April 11, 2017 @ 5:12 pm By JD Alois  |  

Earlier this month the Securities and Exchange Commission (SEC) published their annual report pertaining to the yearly SEC Government -Business Forum on Small Business Capital Formation. The gathering is mandated by law and has taken place since 1982. Each and every year a group of… Read More

April 10, 2017 @ 1:22 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has initiated enforcement actions against 27 individuals and entities behind promotional articles that did not disclose they were paid analysis cloaked as independent research. The SEC said investors were duped into believing they were reading unbiased articles when in… Read More

April 7, 2017 @ 9:00 am By Jonathan Nieh  |  

Three groups have been vying to become the first SEC-approved bitcoin ETF. A bitcoin ETF would essentially create a publically traded bitcoin index by creating a trust that is entirely funded by bitcoins. The trust would then issue shares which can be purchased by the public… Read More

April 6, 2017 @ 4:30 pm By Jonathan Nieh  |  

Yesterday, the SEC’s Division of Corporate Finance released two new Compliance & Disclosure Interpretations (C&DIs) answering questions related to Regulation Crowdfunding (Reg CF). CD&Is are the Commission’s way of giving some informal guidance, through a question and answer format, on how its staff members interpret certain rules. They… Read More

April 3, 2017 @ 10:41 am By JD Alois  |  

The Securities and Exchange Commission has scheduled its Equity Market Structure Advisory Committee for April 5 beginning at 9:30 AM ET.   The meeting will include updates from the four subcommittees, including presentations from the Regulation NMS subcommittee on Rule 611 and the Trading Venues… Read More

March 31, 2017 @ 6:54 pm By JD Alois  |  

The Senate Banking Committee is expected to approve Jay Clayton for SEC Chair next Tuesday (April 4th) following a fairly routine confirmation hearing earlier this month.  Clayton will then move to the full Senate for a vote – an event that is expected to take… Read More

March 24, 2017 @ 9:08 am By Samantha Hurst  |  

Fig Publishing Inc. announced on Thursday it has been approved by the Securities and Exchange Commission (SEC) to offer Fig Game Shares for Wasteland 3,  which is currently being developed by inXile Entertainment, the creators of Wasteland 2 and Torment Tides of Numenera. The game recently… Read More

March 23, 2017 @ 9:24 am By JD Alois  |  

  The Senate Banking Committee, Chaired by Senator Mike Crapo, is set to hold the nomination hearing this morning regarding the appointment of Jay Clayton as SEC Chair.  The hearing will be live-streamed on the Committee’s website beginning at 930AM. Clayton, a longtime corporate attorney,… Read More

March 21, 2017 @ 9:55 pm By Scott Andersen & George S. Georgiades  |  

Much excitement has been generated with the enactment of Regulation Crowdfunding (Reg CF) and the ability of non-accredited investors to invest in startup companies in the United States. The SEC recently reported that while early capital raising efforts is still growing, Regulation Crowdfunding has provided… Read More

March 11, 2017 @ 3:24 pm By JD Alois  |  

The Bats BZX Exchange filed a proposed rule change to list and trade shares of the Winklevoss Bitcoin Trust. Yesterday, the SEC issued an order denying the request thus halting what could have been the first ETF designed to track Bitcoin. The news jarred the… Read More

March 6, 2017 @ 10:20 am By Amy Wan  |  

It seems that at least once a week nowadays, I get a call asking whether an initial coin offering (ICO) is regulated at all, and the question came to a head at a recent Legal Hackers LA discussion on smart contracts by Daniel Rice. The… Read More

March 3, 2017 @ 1:59 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), under the auspices of the Division of Economic and Risk Analysis (DERA), published a white paper on Regulation Crowdfunding (Reg CF) earlier this week. The report, written by Vladimir Ivanov and Anzhela Knyazeva, is basically a point in time… Read More

February 27, 2017 @ 6:22 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled an “Evidence Summit” to be held at the SEC headquarters on F Street in Washington, DC on March 10th. Organized by the Office of Investor Advocate, the Summit will “discuss strategies for raising retail investors’ understanding of… Read More

February 23, 2017 @ 2:49 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published information and guidance for investors and the financial services industry regarding the use of Robo-advisers, which are registered investment advisers that use computer algorithms to provide investment advisory services online. The Commission’s Division of Investment Management issued… Read More

February 21, 2017 @ 8:58 pm By JD Alois  |  

  Sara Hanks is well known in the alternative finance/crowdfunding space. Hanks is CEO and founder of CrowdCheck –  a due diligence, disclosure and compliance services for online capital formation. She is a Board member of CFIRA and is the current Chair of the SEC’s… Read More