Tagged: sec

March 18, 2016 @ 1:26 pm By JD Alois  |  

SEC nominees Hester Peirce and Lisa Fairfax each had the opportunity to share their perspectives with the Senate Banking Committee this week as part of the confirmation process.  Appointed by President Obama at the end of last year, both Peirce and Fairfax received tough questions… Read More

March 15, 2016 @ 10:23 am By JD Alois  |  

StreetShares, an online lender providing access to capital for SMEs, has announced it has received SEC approval to leverage Regulation A+, enacted under Title IV of the JOBS Act, to deliver a crowdlending product. StreetShares described the qualification as “Historic” and a first for the… Read More

March 13, 2016 @ 5:52 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) is continuing to pound the drum on investor fraud, a serious issue that impacts thousands of duped individuals every year. The Office of Investor Education and Advocacy has launched a slick campaign designed to warn individuals to beware of… Read More

March 10, 2016 @ 3:55 pm By JD Alois  |  

Enforcement is how the bulk of the Securities and Exchange Commission spends their budget and much of their time. There will always be a never-ending trail of ne’er-do-wells and scoundrels looking for an opportunity to separate hard-earned money from good people via duplicitous means. High… Read More

March 9, 2016 @ 9:00 am By Midori Yoshimura  |  

Legion M, the world’s first fan-owned entertainment company, launches today, offering fans one of the first opportunities to invest and have a voice in the creation of new films, TV shows and other entertainment projects according to the company’s press release. Using the fundraising superpowers recently… Read More

March 9, 2016 @ 7:19 am By JD Alois  |  

The Senate Committee on Banking,Housing and Urban Affairs will meet on March 10th to review President Obama’s nominations for SEC Commissioners.  Hester Peirce and Lisa Fairfax were selected to fill openings on the Commission following the departure of former Commissioner Gallagher and former Commissioner Aguilar. Peirce,… Read More

March 7, 2016 @ 4:00 am By Scott Andersen  |  

The recent economic downturn is not the only challenge for entrepreneurs in the EB-5 and JOBS Act industries.  Rather, the challenges include close regulatory scrutiny by the United States Securities and Exchange Commission’s (SEC) Division of Enforcement.  While both EB-5 and the JOBS Act were… Read More

March 3, 2016 @ 10:00 pm By JD Alois  |  

OTC Markets Questions Monopoly Model for Venture Exchange. The House Financial Services Committee has been busy once again with a slew of proposed laws designed to improve the environment for smaller companies.  One of the bills on the list for the Committee yesterday (March 2,… Read More

February 18, 2016 @ 10:25 pm By Anthony Zeoli  |  

  There has been a lot of chatter and debate lately on how, or even if, the current definition of “accredited investor” should be substantively changed. To date, however, there has only been one affirmative action taken to actually change the definition which I am… Read More

February 17, 2016 @ 6:52 pm By JD Alois  |  

The Securities and Exchange Commission has announced the agenda for the forthcoming Advisory Committee on Small and Emerging Companies (ACSEC) which is scheduled to meet next week on February 25th.  ACSEC provides a formal mechanism for the SEC to receive advice and recommendations on small… Read More

February 16, 2016 @ 3:15 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published an investor bulletin on Reg CF or retail crowdfunding. This is the portion of the JOBS Act that allows anyone to invest in securities online, not just accredited investors. The new exemption is different from Reg A+,… Read More

February 4, 2016 @ 11:30 am By JD Alois  |  

The Securities and Exchange Commission has announced the updated roster of the Advisory Committee on Small and Emerging Companies (ACSEC). Within the announcement was an important change as Sara Hanks has been elevated to Co-Chair of the advisory group.  Hanks, a former SEC attorney and… Read More

February 2, 2016 @ 2:51 pm By Samantha Hurst  |  

Last month, Double Fine closed the crowdfunding campaign on Fig for its highly anticipated video game, Psychonauts 2.  According to the campaign page, the initiative raised over $3.8 million from 24,000 backers. A portion of the funding is part of an equity crowdfunding offer under Regulation A+,… Read More

February 1, 2016 @ 9:30 pm By Samuel Guzik  |  

For those of you who have followed my articles on Crowdfund Insider over the past two years, you know that I have not been shy about voicing my concerns over the foot dragging that too often has often characterized the attitude of the Securities and… Read More

February 1, 2016 @ 10:17 am By Georgia Quinn  |  

Last week both the SEC and FINRA finalized the rules for funding portals to offer securities under Title III of the JOBS Act of 2012.  The journey to get to this place has been long and at times challenging as regulators and industry participants debated… Read More

January 30, 2016 @ 6:22 pm By JD Alois  |  

The SEC has published the agenda for next week’s meeting of the Equity Market Structure Advisory Committee (EMSAC). The bulk of the meeting will tackle the “Flash Crash” that occurred on August 24th, 2015.  This was a bone-jarring event that saw the Dow nose-dived 1000… Read More

January 29, 2016 @ 10:54 am By JD Alois  |  

The Securities and Exchange Commission has approved the FINRA crowdfunding portal rules and related forms. These new rules apply to portals that seek to operate under Title III of the JOBS Act and are not affiliated with a Broker – Dealer.  They are effective as… Read More

January 28, 2016 @ 12:40 pm By JD Alois  |  

As expected, the funding portal rules operating under Title III of the JOBS Act have hit the pages of the Federal Register.  Platforms intent on leveraging the new exemption to issue securities of up to $1 million are able to start the process of registering… Read More

January 27, 2016 @ 2:17 pm By JD Alois  |  

The SEC Investor Advisory Committee met last week in Washington, DC. The periodic meeting was opened by Chair White who mentioned Title III retail crowdfunding specifically; “Regulation Crowdfunding becomes effective in May and funding portals can begin to register with the Commission later this month. … Read More

January 25, 2016 @ 4:14 pm By JD Alois  |  

The Securities and Exchange Commission submitted a filing last Friday regarding FINRA’s regulatory role pertaining to investment crowdfunding portals operating under Title III of the JOBS Act.  According to the SEC, FINRA just responded (January 21st) to several comment letters and the Commission is now… Read More