Tagged: sec

November 14, 2016 @ 5:51 pm By JD Alois  |  

SEC Chair Mary Jo White announced her departure plans today.  As the Obama administration is quickly coming to a close, White stated her intent to leave at the end of his term. White was appointed the Chair of the SEC in April of 2103 becoming… Read More

November 14, 2016 @ 11:23 am By Jessica Pham  |  

The U.S. Securities and Exchange Commission (SEC) kicked off its Fintech Forum today with remarks by Chair Mary Jo White, followed by Commissioner Michael S. Piwowar and Commissioner Kara M. Stein. Chair White told the audience that “with power comes responsibility”, namely that new fintech products should… Read More

November 13, 2016 @ 6:27 pm By JD Alois  |  

It has been widely reported that Paul Atkins, a former SEC Commissioner and current CEO of Patomak Partners, is the point person in Donald Trump’s transition team for financial regulatory appointments. This is an encouraging sign. Atkins, a Vanderbilt Law School Grad, was an SEC… Read More

November 9, 2016 @ 2:34 pm By JD Alois  |  

uFundingPortal, a Regulation CF crowdfunding platform that was, until recently, a regulated and FINRA approved platform has been shut down. Today, the site is gone and has been removed from the list of FINRA approved platforms indicative of some sort of transgression regulators could not tolerate…. Read More

November 6, 2016 @ 8:23 pm By JD Alois  |  

Med-X – a medical Cannabis startup,  listed a Regulation A+ offer on StartEngine back in December of 2015. The securities offer was promoted as the “first ever” equity crowdfunding campaign for the Marijuana industry. Med-X registered $3.7 million in non-binding investor interest by February but… Read More

November 4, 2016 @ 10:57 am By JD Alois  |  

The Securities and Exchange Commission has published the agenda for its first Fintech forum that is scheduled to take place on November 14th at SEC HQ in Wshington, DC.The forum is open to the public and begins at 9AM. The SEC will also be live-streaming… Read More

October 27, 2016 @ 12:47 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has scheduled its annual “Government-Business Forum on Small Business Capital Formation for November 17th.  The event will he held at SEC HQ and will be open to the public. As in years past, the forum will be divided into… Read More

October 27, 2016 @ 11:28 am By JD Alois  |  

The Securities and Exchange Commission announced changes to Rule 147 and Rule 504 yesterday designed to improve the process in which businesses may sell securities within a state where they are based. These “intrastate” updates will impact the ability for issuing companies to crowdfund from… Read More

October 26, 2016 @ 5:58 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) voted to update Rules 147 and 504 today.  The regulatory changes will improve the environment for intrastate crowdfunding. Some in the industry believe that intrastate crowdfunding may do better than Title III/Reg CF as some states have crafted more… Read More

October 25, 2016 @ 6:56 pm By JD Alois  |  

The Securities and Exchange Commission is out with their agenda for the open meeting taking place at SEC HQ tomorrow (October 26,2016).  At 10AM 11AM, the Commission will meet to discuss the Universal Proxy and Rules 147 and 504 that impact intrastate crowdfunding.  If you… Read More

October 23, 2016 @ 12:59 pm By Anthony Zeoli  |  

Almost a year ago, the SEC proposed certain amendments to the current Rule 147 which were intended to help foster, and increase the viability of, Intrastate crowdfunding. While little has been heard about these amendments since their release (except from Intrastate proponents like me of… Read More

October 20, 2016 @ 8:05 pm By JD Alois  |  

The SEC has scheduled a meeting to consider proposed amendments related to Rules 147 and 504 – securities regulations that impact intrastate crowdfunding.  The meeting of the Commission is scheduled to commence at 10AM on Wednesday, October 26 at SEC HQ in Washington, DC. The… Read More

October 16, 2016 @ 8:00 am By JD Alois  |  

Last week, the North American Securities Administrators Association (NASAA) issued a statement in support of updating Rule 147 and Rule 504 of Reg D – rules that impact intrastate crowdfunding.  The statement by NASAA supported a letter sent out by several members of the Congress… Read More

October 6, 2016 @ 3:29 pm By Samantha Hurst  |  

Fig Publishing, Inc., a crowdfunding and publishing platform that allows non-accredited investors to financially support video game development and publishing, announced on Thursday it is officially collecting funds for Psychonauts 2 Fig Game Shares. This news comes just one week after the funding website secured SEC qualification to issue the… Read More

October 4, 2016 @ 3:20 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) will host its 2016 Government-Business Forum on Small Business Capital Formation on Thursday, November 17, 2016, from 9:00 a.m. to 5:30 p.m., at the SEC headquarters at 100 F Street, N.E., Washington, D.C. 20549. The 2016 Forum will include… Read More

October 2, 2016 @ 7:29 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced the agenda for the Advisory Committee on Small and Emerging Companies (ACSEC) meeting scheduled for October 5th. The Committee will be reviewing regulation S‑K disclosure requirements, research regarding corporate board diversity, and outreach to smaller companies about… Read More

September 29, 2016 @ 12:30 pm By Samantha Hurst  |  

Fig Publishing, Inc., a crowdfunding and publishing platform that allows non-accredited investors to financially support video game development and publishing, announced on Thursday it secured SEC qualification to issue Double Fine’s Psychonauts 2 game shares. Fig stated it would be the first and only company to allow fans… Read More

September 29, 2016 @ 9:02 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has “temporarily suspended” the Regulation A+ offer by Med-X listed on StartEngine.  Med-X is a company is an entrepreneurial cannabis startup that is seeking up to $15 million in equity. The SEC order said the Med-X’s Tier 2 Reg A+ offer,… Read More

September 28, 2016 @ 9:59 am By JD Alois  |  

The Securities and Exchange Commission has scheduled a public forum to tackle the topic of Fintech – a wide ranging term that deals with innovation in the financial services sector fueled by recent improvements in technology. The event will take place at SEC headquarters on… Read More

September 16, 2016 @ 9:04 am By JD Alois  |  

The Securities and Exchange Commission has scheduled the next meeting of the Advisory Committee on Small & Emerging Companies for October 5th.  The meeting will be held at SEC Headquarters in Washington, DC and is open to the public. The proceedings will be live-streamed via… Read More