Tagged: securities and exchange commission

Commissioner Piwowar Shares Insight into Securities Rulemaking, Fintech & SEC Direction on Capital Formation

Commissioner Michael Piwowar, who was Acting Chair of the Securities and Exchange Commission (SEC) until the successful appointment of Jay Clayton, visited with David Burton of the Heritage Foundation earlier this week providing a unique glimpse into the world of the SEC. Burton, who is… Read More

Hester Peirce Nominated to Be SEC Commissioner

Hester Peirce, a Professor at George Mason University, has been nominated to become a Commissioner at the Securities and Exchange Commission thus filling one of two vacancies. Peirce was previously selected by the Obama administration to become a Commissioner but the nomination stalled in the Senate… Read More

CreditEase Wealth Management Receives SEC Registered Investment Advisor Approval

CreditEase Wealth Management announced on Thursday it has recently been approved by the U.S. Securities and Exchange Commission (SEC) to become a registered investment advisor (RIA). The firm may now provide advice to investors in the U.S. Speaking about the RIA process, Dr. Fan Gal,… Read More

First Speech by SEC Chair Jay Clayton Highlights Guiding Principles

In an address delivered today at the Economic Club of New York, Securities and Exchange Commission Chairman Jay Clayton outlined his vision of the nation’s top securities regulator. Focusing first on the SEC’s Mission;  to protect investors, to maintain fair, orderly, and efficient markets, and to… Read More

Sustainable Transportation Company Arcimoto Partners With WR Hambrecht to File For IPO Under Reg A+

WR Hambrecht + Co recently announced Oregon-based sustainable transportation company Arcimoto has filed its Form 1-A Offering Circular to file for its IPO under Reg A+ rules. The company reports that the Arcimoto’s offering will set the stage for a potential future listing on the NASDAQ… Read More

Jay Clayton Confirmed as Chair of the Securities and Exchange Commission

Jay Clayton was confirmed by the US Senate last night to become the Chairman of the Securities and Exchange Commission. Clayton will become a member of the Commission for a term ending June 5, 2021. The vote in favor of Clayton’s nomination came in at… Read More

SEC & NYU Partner on Event Tackling Moribund IPO Market

The Securities and Exchange Commission is partnering with New York University on an event tackling the topic of the declining initial public offering market (IPO). Organized under the auspices of the SEC’s Division of Economic Risk Analysis (DERA), the half day dialogue is being held… Read More

Securities and Exchange Commission to Host First Twitter Chat on Investing (Wisely)

The Securities and Exchange Commission (SEC) will hold its first “Twitter Chat” on investing wisely. According to the SEC, the outreach is part of  Money Smart Week and Financial Literacy Month. The Offices of Public Affairs and Investor Education and Advocacy will host the Twitter… Read More

SEC Rolls Out Amendments to Intrastate Offering Rule

On April 20, 2017, amendments to Rule 147 and new Rule 147A, federal intrastate offering exemptions, finally went into effect. The amendments to Rule 147 and new Rule 147A are intended to modernize and update the exemption that allows companies to raise money from investors who… Read More

Senate Banking Committee Expected to Approve Jay Clayton as SEC Chair Nominee Next Week

The Senate Banking Committee is expected to approve Jay Clayton for SEC Chair next Tuesday (April 4th) following a fairly routine confirmation hearing earlier this month.  Clayton will then move to the full Senate for a vote – an event that is expected to take… Read More

Senate Banking Committee Meets on Nomination of Jay Clayton for SEC Chair

  The Senate Banking Committee, Chaired by Senator Mike Crapo, is set to hold the nomination hearing this morning regarding the appointment of Jay Clayton as SEC Chair.  The hearing will be live-streamed on the Committee’s website beginning at 930AM. Clayton, a longtime corporate attorney,… Read More

Why Your Initial Coin Offering Is Probably Regulated By Securities Law

It seems that at least once a week nowadays, I get a call asking whether an initial coin offering (ICO) is regulated at all, and the question came to a head at a recent Legal Hackers LA discussion on smart contracts by Daniel Rice. The… Read More

SEC Schedules Investor Advisory Committee Meeting for March 9th

The Securities and Exchange Commission has scheduled their first Investor Advisory Committee (IAC) meeting for 2017. The meeting will be held at the SEC offices in Washington, DC on Thursday, March 9 from 9:00 AM to 11:55 AM. These meetings are open to the public and… Read More

The Securities & Exchange Commission and NYU Partner on Half Day Session on Investment Crowdfunding

The Division of Economic and Risk Analysis (DERA), the research arm of the Securities and Exchange Commission (SEC), has partnered with New York University’s Salomon Center on a half-day conference reviewing investment crowdfunding. The event, which is open to the public, will be held at… Read More

Jay Clayton to Join SEC During Unprecedented Need to “Cut the Red Tape”

Financial regulations are often enacted with little concrete definition, to say nothing of quantification, of their costs and benefits. Regulators and economists have little understanding of causal mechanisms that may provide benefits and incur costs. Worse, they often think they know cause and effect, either… Read More

My 2017 Crowdfunding Wish List

2016 brought with it many developments in the crowdfunding industry, most notably the introduction of the long-awaited Title III crowdfunding. While admittedly not all crowdfunding legislation passed  was as influential, there have been significant strides made to improve existing securities regulations and to continue prying… Read More

SEC Small Business Advocate Moves Closer to Reality as Senate Passes Bill

The SEC Small Business Advocate Act of 2016 or HR 3784 passed the Senate on Friday (December 9, 2016) as part of a last-minute legislative push before Congress adjourns for the holiday season. The bill passed the House earlier this year meaning the bill will… Read More

Funding Wonder to Launch FINRA Registered Regulation Crowdfunding Platform

Funding Wonder Crowd, LLC, a small business lending platform operator, announced on Wednesday it was approved by FINRA (the Financial Industry Regulatory Authority) as a licensed Regulation Crowdfunding Portal. Sharing details about the new crowdfunding platform, Michael Mildenberger, CEO of Funding Wonder, stated: “Funding Wonder is… Read More

Trading and Markets Director Stephen Luparello to Leave SEC at the Beginning of 2017

The Securities and Exchange Commission (SEC) announced on Monday Stephen Luparello, Director of the Division of Trading and Markets, will leave the agency by the first of the year.  Luparello was named director of the office in February 2014, and the organization stated he played a… Read More

Unstacking the Deck Against SME’s in Washington: A Call for an SEC Small Business Advocate

With a new administration set to take the reins of power in the White House in January 2017, not to mention a new, Republican appointed Chair of the SEC in the offing, when it comes to the interests of small business’s access to capital, many… Read More