Tagged: sec

March 25, 2015 @ 2:00 pm By JD Alois  |  

Below is the “draft” of final rules of Title IV of the JOBS Act. Also known as Regulation A+ the below document will become final following a 60 day period after publication in the Federal Register. The 453 page document will be reviewed by the… Read More

March 25, 2015 @ 1:32 pm By JD Alois  |  

The Securities and Exchange Commission today proposed rule amendments to require that broker-dealers trading in off-exchange venues become members of a national securities association.  The amendments are designed to enhance regulatory oversight of active proprietary trading firms, such as high frequency traders (HFT). “This proposal… Read More

March 25, 2015 @ 12:45 pm By JD Alois  |  

The Securities and Exchange Commission met today to finalize rules for Title IV of the JOBS Act, commonly referred to as Regulation A+.  As expected the Commission quickly approved rules that included state Blue Sky pre-emption but for only Tier 2 of Title IV.  The… Read More

March 25, 2015 @ 9:51 am By JD Alois  |  

Later this morning the Securities and Exchange Commission will be releasing final rules for Title IV of the JOBS Act otherwise known as Regulation A+. While the details are not yet know, the expectations are for proposed rules to allow raised of up to $50… Read More

March 24, 2015 @ 11:02 am By Anthony Zeoli  |  

Earlier this month, Commissioner Luis A. Aguilar addressed the Advisory Committee on Small and Emerging Companies in Washing D.C. In his speech (embedded below), Commissioner Aguilar echoed the sentiments of the market in arguing the need for increased liquidity in the private placement market. His… Read More

March 20, 2015 @ 6:36 pm By JD Alois  |  

The Securities and Exchange Commission has announced an open meeting to be held on Wednesday, March 25th, to consider whether to adopt rules and forms related to the offer and sale of securities pursuant to Section 3(b) of the Securities Act of 1933 to implement… Read More

March 20, 2015 @ 9:43 am By JD Alois  |  

The SEC Investor Advisory Committee (IAC) has scheduled their next gathering at F Street in DC to be held on April 9th.  The group is ostensibly an advocate on behalf of all investors but has a tendency to be more on the side of protection as opposed… Read More

March 19, 2015 @ 9:22 am By Midori Yoshimura  |  

Shortly into 2015, Kelly Rodriques, president and CEO of PENSCO Trust Company, a leading alternative asset custodian, shared his top five predictions for the year underway. Crowdfund Insider caught up with him for a more detailed Q-and-A about his predictions—from the $1 million investment cap… Read More

March 18, 2015 @ 9:28 pm By JD Alois  |  

The Securities and Exchange Commission has a pretty important, and at times overwhelming, task.  Regulating and enforcing the largest securities markets on the planet is a profound responsibility. The advent of the internet has added a new, and quite challenging, variable to the process as… Read More

March 16, 2015 @ 5:55 pm By JD Alois  |  

Crowdfund Insider Senior Contributor, Sam Guzik, joined David Weild, former Vice Chair of Nasdaq, in a presentation last week on current issues regarding capital formation for SME’s. The discussion reviewed Title IV of the JOBS  Act (Regulation A+), the need for venture exchanges for secondary transactions… Read More

March 13, 2015 @ 12:53 pm By Charles Kaufman and Jor Law  |  

This the second part, of a two part series, reviewing Bad Actors in private placements.  The first article may be viewed here. The Securities and Exchange Commission (SEC) issued new Rule 506(d) in 2013, a rule that bars felons and other specified “bad actors” from… Read More

March 13, 2015 @ 8:15 am By Samantha Hurst  |  

Earlier this month, former SEC lawyer and now Forbes columnist, Edward Siedle, launched a crowdfunding platform, Investigate My Retirement Plan, which is dedicated to helping participants to investigate retirement pensions. According to Pensions & Investments, Siedle noted that through the new platform participants in defined… Read More

March 11, 2015 @ 7:00 am By Samuel Guzik  |  

To borrow a line from SEC Commissioner Daniel M. Gallagher, quoting from the fight song of his alma mata, Georgetown University:  Oh How Long It’s Been! As we approach the three year anniversary of the signing into law of the JOBS Act of 2012 it… Read More

March 10, 2015 @ 2:48 pm By JD Alois  |  

In a broad ranging discussion on Capitol Hill today, the Senate Banking, Housing and Urban Affairs subcommittee addressed the issue of Venture Exchanges. Recently there has been a growing amount of discourse on the Hill, and within the offices of the SEC, regarding the propriety and… Read More

March 7, 2015 @ 4:56 pm By JD Alois  |  

During the gathering of the SEC Advisory Committee on Small and Emerging Companies (ACSEC) considerable time was spent discussing secondary markets and venture exchanges.  This is an area that has captured the attention of SEC Chair Mary Jo White.  Having the SEC Chair as a… Read More

March 7, 2015 @ 12:01 pm By JD Alois  |  

In a speech presented at the Stanford Law School, SEC Commissioner Kara Stein delivered a lecture clearly designed to cater to the audience. Entitled “Supporting Innovation Through the Commission’s Mission to Facilitate Capital Formation” the presentation noted that the SEC’s mission is not defined as supporting innovation… Read More

March 6, 2015 @ 9:02 am By JD Alois  |  

Steve Case, a staunch proponent of investment crowdfunding and advocate of access to capital for SMEs, called out billionaire pundit Mark Cuban on CNBC this morning. Ostensibly the discussion was on the Tech Bubble “Yes or No” polemic but discourse ended up being a bit… Read More

March 4, 2015 @ 6:30 pm By JD Alois  |  

Co-Hosted by the SEC’s San Francisco Regional Office and Stanford University’s Rock Center for Corporate Governance. Registration Details Speakers include SEC Commissioner Kara Stein, SEC National Exam Program Director Andrew Bowden, SEC Corporation Finance Director Keith Higgins

March 4, 2015 @ 4:13 pm By JD Alois  |  

David Weild, former Vice Chair of Nasdaq and current CEO of IssuWorks, delivered a presentation to the SEC Advisory Committee on Small and Emerging Companies that addressed the issue of venture exchanges.  The need for a venture exchange has recently percolated up in discussion as… Read More

March 4, 2015 @ 12:13 pm By JD Alois  |  

The SEC Advisory Committee on Small and Emerging Companies tackled the highly contentious issue of state Blue Sky Review preemption today regarding Title IV of the JOBS Act. Commonly called Reg A+, the SEC has recommended pre-empting state review as it is widely understood to have… Read More