Tagged: sec

May 6, 2016 @ 2:27 pm By JD Alois  |  

A bit over five months after the event occurred, the Securities and Exchange Commission has published the final report on the Forum on Small Business Capital Formation. Each year at SEC HQ, the determined few gather at the SEC to discuss and debate how access… Read More

May 3, 2016 @ 4:21 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has adopted amendments to implement the JOBS Act and FAST Act Changes for Exchange Act Registration requirements. These amendments udpate rules regarding thresholds of registration and suspension of reporting under Section 12(g) of the 34 Act. These updates implement provisions… Read More

April 29, 2016 @ 7:53 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has received a detailed report from the Government Accountability Office (GAO) regarding controls over financial systems and cybersecurity. In November of 2015, the GAO identified “deficiencies” in the SEC’s internal controls over financial reporting. This new report is a… Read More

April 21, 2016 @ 10:40 am By Samantha Hurst  |  

On Thursday, beauty website, BeautyKind, announced that the Securities and Exchange Commission (SEC) has approved of its Regulation A+ initial public offering (IPO). This offer is being conducted by WR Hambrecht + Co, which acts as the sole underwriter. The company is currently seeking a minimum of… Read More

April 18, 2016 @ 12:37 pm By JD Alois  |  

The Securities and Exchange Commission has announced the release of an online tool to help companies calculate certain Edgar registration fees. The new online application covers the “most common filings companies” used to register initial public offerings, debt offerings, asset-backed securities, closed-end mutual funds, limited partnerships,… Read More

April 15, 2016 @ 3:36 pm By JD Alois  |  

The Subcommittee on Capital Markets and Government Sponsored Enterprises, part of the House Financial Services Committee, has scheduled a hearing to take place next week entitled; “Continued Oversight of the SEC’s Offices and Divisions”. The hearing will examine the mission, operation, and activities of certain… Read More

April 13, 2016 @ 9:00 am By Samuel Guzik  |  

  In my last article on Crowdfund Insider, entitled: “JOBS Act Crowdfunding Begins on May 16, 2016: Don’t Get Busted for Solicitation!,” I warned of one of the hidden dangers for companies embarking on a Title III equity crowdfunding campaign – which goes live on… Read More

April 11, 2016 @ 3:46 pm By Samantha Hurst  |  

On Monday, marketplace lender P2Binvestor (P2Bi) announced it has formed a new partnership with MW Eaglewood Americas LLC, an SEC-registered investment adviser. P2Binvestor is a commercial lending platform for SMEs that states it offers a better (IE lower rates) line of credit for borrowers. The marketplace… Read More

April 9, 2016 @ 11:35 am By JD Alois  |  

Title III crowdfunding will join the other two variants of investment crowdfunding, Title II and Title IV (Reg A+) this coming May to create a more vibrant capital ladder for companies seeking to raise capital using the internet. While no exemption is perfect, both accredited… Read More

April 8, 2016 @ 8:37 am By JD Alois  |  

In a surprise turn of events, President Obama’s choices to fill two vacancies at the Securities and Exchange Commission have been delayed by Senators Warren and Schumer.  Hester Peirce, a Republican, and Lisa Fairfax, a Democrat, were both expected to pass through the Senate Banking… Read More

April 6, 2016 @ 2:09 pm By JD Alois  |  

According to a complaint filed by the SEC, from 2010 to at least December of 2012, defendants Joseph Andrew Paul, John D. Ellis, Jr. James S. Quay and Donald H. Ellison operated a fraudulent scam that fleeced unsuspecting investors of millions.  Ellis and Paul created Paul-Ellis… Read More

April 1, 2016 @ 6:12 pm By JD Alois  |  

As Albert Einstein so eloquently commented on the human ability of being duped; “Only two things are infinite, the universe and human stupidity, and I’m not sure about the former.” Yes, most of us have fallen prey to good intentions gone bad at one point… Read More

March 31, 2016 @ 11:04 pm By JD Alois  |  

During the keynote address at Stanford’s Rock Center for Corporate Governance at the event entitled “The Silicon Valley Initiative: Protecting Investments in Pre-IPO Issuers”, SEC Chair Mary Jo White delivered a wide ranging speech on the challenges of operating in the internet fueled age of finance…. Read More

March 31, 2016 @ 9:11 am By JD Alois  |  

The Securities and Exchange Commission has settled charges with infamous VC – G. Steven Burrill regarding a case where Burrill allegedly stole investor money to pay for private jets and trips to Paris and St. Barts. Burrill was sued last year in the Superior Court of… Read More

March 29, 2016 @ 7:13 pm By JD Alois  |  

Former Fox Business Network contributor Tobin Smith has settled fraud charges with the Securities and Exchange Commission. Smith was terminated by Fox in 2013 for “sponsored investment research”.  Basically Smith was pumping penny stocks that he, along with NBT   Group (ironically as in the… Read More

March 28, 2016 @ 4:00 am By Samuel Guzik  |  

  It’s been five months or so since the SEC published its long awaited investment crowdfunding rules.  Though Congress dictated that this task be completed by the end of 2012, the SEC missed the mark by nearly three years.  Now, with rules in hand, and… Read More

March 27, 2016 @ 9:46 pm By JD Alois  |  

The SEC Enforcement division shut down an allegedly bogus operation run by John Bivona based in New Jersey. Bivona, via Saddle River Advisors and SRA Management Associates, raised money from unsuspecting investors promising access to pre-IPO tech companies in the San Francisco bay area.  According… Read More

March 27, 2016 @ 6:42 pm By JD Alois  |  

The next meeting of the Investor Advisory Committee (IAC) is scheduled to take place at the offices of the Securities and Exchange Commission on April 14th. As always, the meeting is open to the public but most of the proceedings will be live-streamed on the… Read More

March 21, 2016 @ 7:46 pm By JD Alois  |  

The lawsuit against the SEC targeting the updated exemption called Reg A+ will take another step forward next month as oral arguments are scheduled to be heard in the US Court of Appeals, District of Columbia. The case known as Monica J. Lindeen, Montana State… Read More

March 20, 2016 @ 11:31 am By JD Alois  |  

Engine, an advocacy group based in San Francisco that promotes policy that supports all of the cool technology bubbling up from the most creative community in the world, has added their $0.02 to the debate regarding the definition of an Accredited Investor. The discussion regarding… Read More