Tagged: sec

January 24, 2016 @ 10:57 pm By JD Alois  |  

Keith Higgins, Director the Division of Corporate Finance of the SEC, travelled to the UK last week to keynote a speech at the Fifteenth Annual Institute of Securities Regulation in Europe.  The speech, entitled; “International Developments -Past, Present & Future, launched into the premise of… Read More

January 21, 2016 @ 7:42 am By JD Alois  |  

The Investor Advisory Committee is scheduled to convene today at the SEC headquarters in Washington, DC.  The agenda in the afternoon (on the schedule for 2PM) includes an update on crowdfunding rules. The presentation on investment crowdfunding includes the participation of two well known industry… Read More

January 20, 2016 @ 10:34 pm By JD Alois  |  

While the Obama Administration appointed two new SEC commissioners this past fall, not too much has happened to move forward on the nominations.  Senate Banking Committee Chairman Richard Shelby has come under some recent criticism for moving slowly in the approval process as the SEC… Read More

January 20, 2016 @ 8:00 am By Anthony Zeoli  |  

  As you may be aware, the Securities and Exchange Commission (SEC) is currently considering sweeping changes to some of the most long-standing rules and regulations governing private transactions. These changes include fundamental revisions of both Rule 501, the definition of “accredited investor” and arguably… Read More

January 15, 2016 @ 1:03 pm By JD Alois  |  

There is a mandate under Dodd-Frank to review the definition of an “Accredited Investor” on a rolling basis.  As it stands today, Accredited Investors are individuals with incomes over $200,000 per year or $1 million in assets beyond a person’s primary residence. If you are… Read More

January 14, 2016 @ 4:37 pm By Georgia Quinn  |  

As discussed in part one, the SEC’s final Regulation Crowdfunding rules require thorough analysis to not fall prey to potential traps. While I firmly believe that we can make crowdfunding work regardless of the roadblocks set forth, it does not mean that we can afford… Read More

January 13, 2016 @ 4:38 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has adopted “interim final rules” as mandated by the Fixing America’s Surface Transportation or FAST Act that was passed by Congress in December.  These new rules revise financial reporting for emerging growth companies (EGCs) and smaller reporting companies.  EGCs… Read More

January 8, 2016 @ 1:12 pm By JD Alois  |  

Unless winter happens to show up in our nation’s capital, the SEC’s Investor Advisory Committee is scheduled to meet at the Commission’s headquarters on January 21st. These meetings are open to the public but the SEC typically live-streams the proceedings so anyone may watch the… Read More

January 8, 2016 @ 9:04 am By JD Alois  |  

The Securities and Exchange Commission charged two Bitcoin mining companies for a Ponzi Scheme last month as part of an ongoing investigation into the activities of Homero Joshua Garza. Yesterday the SEC filed for an entry of default as  Garza apparently has not responded to… Read More

January 7, 2016 @ 5:08 pm By JD Alois  |  

The SEC dedicates much of its time and resources hunting down crooks and white collar thugs. In fact, the agency spent almost a billion dollars in the last fiscal year fostering and enforcing compliance with Federal securities laws. And why is that? Because there will… Read More

January 6, 2016 @ 1:18 pm By Georgia Quinn  |  

  When SEC Commissioner Piwowar lodged his controversial “NO” vote for the final rules implementing Title III Regulation CF last October, he did so with concern that the overcomplicated rules were laden with “traps” that could snare an unassuming company trying to raise funds. Unfortunately,… Read More

January 2, 2016 @ 3:00 pm By JD Alois  |  

The past year was a memorable one for the Securities and Exchange Commission (SEC). The Commission finally completed all of the mandated rules under the JOBS Act, alongside significant work regarding Dodd-Frank and other required rule changes (and the never ending cascade of enforcement actions)…. Read More

December 31, 2015 @ 8:24 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has compiled a quick infographic on the top ten searches on their site.  Number 1 and 2 have to do with criminal actions: Fraud and Embezzlement.  Not too surprising.  In fact, many of the approximately 4000 SEC employees spend… Read More

December 26, 2015 @ 12:42 pm By JD Alois  |  

  The end of one year, and the entry into another, typically brings a cacophony of predictions for the new year along with lamentations and accolades for the one ending. At the beginning of 2015 (January 2nd to be precise), I peered deeply into my… Read More

December 26, 2015 @ 8:36 am By JD Alois  |  

Outgoing Commissioner Luis Aguilar recently published commentary reflecting upon his many years of service at the Securities and Exchange Commission.  Aguilar is one of the longest serving Commissioners ever and was uniquely appointed by both a Democrat and Republican President.  He follows Commissioner Gallagher‘s departure… Read More

December 24, 2015 @ 9:48 am By JD Alois  |  

The relatively new office of the Investor Advocate has published its annual report.  The SEC was mandated to create the Investor Advocate as part of Dodd-Frank.  Rick Fleming, previously an attorney with  NASAA, was appointed  as the Commission’s first IA. This is the second annual… Read More

December 21, 2015 @ 11:34 am By Samantha Hurst  |  

RealtyMogul.com, an online marketplace for real estate investing, announced on Monday that it has successfully funded a $2 million bridge loan for a single-tenant property in Opelika, Alabama. The loan has a 12-month term, represents 61 percent of the property’s value, with proceeds being used… Read More

December 21, 2015 @ 7:45 am By Erin Hobey  |  

  “We believe the potential of crowdfunding is not about a single company or single crowdfunding platform.  It is about the evolution from an institutional framework for allocating capital (otherwise known as banks, funds, and foundations) to a more individually driven framework enabled by existing and… Read More

December 19, 2015 @ 1:54 pm By JD Alois  |  

Dodd-Frank, the massive law passed in the midst of the Great Recession, touched many aspects of the financial industry.  One portion of the bill was a requirement to review the definition of an Accredited Investor “as it relates to natural persons” every four years.  The… Read More

December 16, 2015 @ 10:14 am By Samantha Hurst  |  

On Wednesday, online media platform Med-X, Inc. (Med-X) announced the launch of an equity crowdfunding initiative on StartEngine as the next phase in the company’s fundraising strategy. The company announced late last month that it had been qualified by the United States Securities and Exchange Commission… Read More