Tagged: sec

August 5, 2015 @ 8:51 am By JD Alois  |  

In what may be his last speech as an SEC Commissioner, Daniel Gallagher addressed the US Chamber of Commerce and criticized parts of the SEC, and much of the new world order of regulatory over-sight.   Gallagher scorched Dodd-Frank as a grandiose plan that has increased the fragility of… Read More

July 14, 2015 @ 8:47 am By Anthony Zeoli  |  

  What started as an action against a single company in late June has evolved into a probe of an entire industry. As reported by the Wall Street Journal late last week, the Securities and Exchange Commission (SEC) has launched a new probe spurred by… Read More

July 10, 2015 @ 10:01 am By Samantha Hurst  |  

SeedInvest, an equity crowdfunding platform, announced on Friday that WayBetter, which runs the social dieting website, DietBet, successfully conducted one of the first “testing the waters” fund-raising campaigns under the new mini-IPO rules, which went into effect on June 19th. The company received $9.3 million of investment interest… Read More

July 9, 2015 @ 12:42 pm By JD Alois  |  

The SEC Investor Advisory Committee has scheduled its next meeting for July 16th, from 9:30AM to 3:30PM at the SEC headquarters in Washington, DC. These meetings are open to the public but the SEC also live-streams proceedings on their web site. The SEC IAC was… Read More

July 8, 2015 @ 2:50 pm By JD Alois  |  

The SEC Advisory Committee on Small and Emerging Companies (ACSEC) has scheduled a call for July 15th at 1PM ET to discuss the issue of “finders”.  This references the regulatory treatment of individuals who connect investors with companies seeking capital. The rules regarding finders remain… Read More

July 8, 2015 @ 2:38 pm By JD Alois  |  

The Securities and Exchange Commission only recently finalized rules on Title IV of the JOBS Act, commonly referred to as Regulation A+.  While old Regulation A has been around for quite some time, few utilized the exemption as it was encumbered with costly, and time… Read More

June 25, 2015 @ 10:25 am By Samantha Hurst  |  

Millennium Trust Company, a provider of alternative asset custody solutions to institutions, advisors, and individuals, announced today that assets under custody for private funds have surpassed $5.6 billion as of June 1, 2015, an increase of $600 million within the last six months. The firm’s… Read More

June 24, 2015 @ 6:32 pm By JD Alois  |  

The SEC has charged Gregg R. Mulholland of secretly accumulating “at least” 84% of shares in Vision Plasma Systems.  Once Mulholland effectively controlled the company, he liquidated shares for proceeds of approximately $21 million.  The SEC states that no registration statement was filed on the… Read More

June 24, 2015 @ 3:02 pm By Samuel Guzik  |  

  On June 23, 2015, the Staff of the Securities and Exchange Commission provided some public guidance on certain issues arising under the new Regulation A+ Final Rules. In a new section of the SEC’s Compliance and Disclosure and Interpretations (C&DI’s),  a Q and A… Read More

June 24, 2015 @ 1:14 pm By Samantha Hurst  |  

Seed Equity Ventures announced today that it now has registered investors and entrepreneurs from 100 countries. An executive partner from an investment bank in the North African country of Tunisia registered as an investor today bringing the platform 100 countries. Seed Equity is a registered broker dealer… Read More

June 23, 2015 @ 10:30 am By JD Alois  |  

The states of Massachusetts and Montana have filed a joint preliminary statement of issues. Once again the two state securities regulators, William Galvin in Massachusetts and Monica Lindeen in Montana, are reiterating their criticism of the SEC and recently enacted rules for Regulation A+. The… Read More

June 22, 2015 @ 7:30 am By Samuel Guzik  |  

And Regulation A+’s Forgotten Crowdfunding Cousin Quietly Comes to Life in Congress Some History Lessons Though some may quibble over the details, June 19, 2015, was an historic day in U.S. regulatory history, at least as far as raising capital for small businesses is concerned… Read More

June 19, 2015 @ 10:56 am By Samantha Hurst  |  

TriPoint Global Equities, LLC. (“TriPoint”), a FINRA member and leading boutique investment bank that provides companies with capital raising and corporate & strategic advisory services, announced that with the effectiveness of Reg A+ as of today (June 19th) its electronic platform, BANQ, is now accepting issuers looking to… Read More

June 17, 2015 @ 7:27 pm By JD Alois  |  

The SEC has announced the conclusion of an investigation regarding Silicon Valley based Sand Hill Exchange, a firm that was apparently selling security based swaps to retail investors without a necessary registration statement and outside a national exchange. Sand Hill Exchange settled without admitting or… Read More

June 17, 2015 @ 10:42 am By Anthony Zeoli  |  

The Securities and Exchange Commission’s (SEC) Advisory Committee on Small and Emerging Companies met in early June to discuss various topics concerning, of course, small businesses. One of the primary topics the Committee addressed was the growing enactment and use of state-based crowdfunding (i.e. “Intrastate… Read More

June 8, 2015 @ 10:47 am By JD Alois  |  

The Securities and Exchange Commission is celebrating 81 years of guiding financial markets this month. While there have been more than a few ups and downs since the ’34 Act that created the SEC (on June 6th), their mission remains true in guarding investors and… Read More

June 5, 2015 @ 9:34 pm By JD Alois  |  

Senator Elizabeth Warren, an outspoken critic of all things associated with Wall Street, launched a blistering frontal assault against the current Chair of the SEC – Mary Jo White. It should be noted that Mary Jo White was selected by President Barack Obama to reinvigorate… Read More

June 4, 2015 @ 11:53 am By Georgia Quinn  |  

A CATO Institute event on the status of capital markets in the US provided a bright spot to an otherwise bleak and rainy day in New York City. Amidst the libertarian rhetoric and literature, two speakers stood out with certain observations and proposed remedies to… Read More

June 2, 2015 @ 10:24 am By JD Alois  |  

In an interesting speech delivered at the Exchequer Club in Washington, DC, last month, SEC Commissioner Piwowar criticized federal regulators push to expand oversight into areas overlapping with the responsibility of the SEC.  Piwowar slammed the infringement; “Make no mistake — it is the Commission, not the… Read More

May 30, 2015 @ 5:20 pm By JD Alois  |  

How time flies. The SEC is mandated by law to convene a forum on Small Business Capital Formation once a year. The practice has become an annual event that combines both hope and frustration.  The SEC is not required to act on any of the… Read More