Tagged: securities and exchange commission

SEC Investor Advisory Committee to Meet in October, Blockchain on the Agenda

The Securities and Exchange Commission (SEC) Investor Advisory Committee (IAC) has scheduled its next meeting at SEC HQ for October 12th. The meeting is open to the public but the SEC always live streams the proceedings on the SEC web site. According to the announcement… Read More

Securities and Exchange Commission Commences Search for “Advocate for Small Business Capital Formation”

The Securities and Exchange Commission (SEC) has announced the launch of a nationwide search to fill the position of the Advocate for Small Business Capital Formation. The new post was created by legislation signed into law at the end of 2016. The mission of the Advocate… Read More

SEC Chairman Names Executive Staff

Securities and Exchange Chairman Jay Clayton has published the name is his executive staff. The SEC announced that John Cook, Jeffrey Dinwoodie, Raquel Fox, Kristina Littman, Alan Cohen, Christopher Carofine, and Shelby Begany Telle have been named to the executive staff of Chairman Jay Clayton…. Read More

SEC Office of Investor Education & Advocacy Warns of Potential ICO Scams as it Suspends Trading in Several Companies

The Securities and Exchange Commission (SEC), office of Investor Education and Advocacy, is out with a note on the booming Initial Coin Offering market telling investors to beware. The ICO market has grown rapidly with estimates topping $2 billion in token sales this year alone…. Read More

Don’t Panic! US Securities Exemptions for Initial Coin Offerings

So you were ready to do an initial coin offering (ICO), and then the Securities Exchange Commission released an investigative report concluding that DAO tokens were securities.  Seasoned securities attorneys have always known that token sales could implicate securities laws if the tokens were treated… Read More

When is an ICO a Security? Law Firm Morrison Foerster Responds

In the aftermath of the SEC statement on Initial Coin Offerings and their intent to crack down on issuers in breach of securities law we reached out to Morrison Foerster for commentary on the question as to when an ICO is in fact a security…. Read More

Here is Tim Draper’s Open Letter to the SEC Regarding ICO Regulation

Tim Draper, a well known Venture Capitalist who is very active in Fintech, posted an open letter last week addressed the Securities and Exchange Commission regarding the recent comments on regulating Initial Coin Offerings. The letter was published in conjunction of the launch of the… Read More

Look in the Mirror: Why the Number of Public Companies & IPOs are in Decline

  The decline in the number of public companies in the United States and the decline in the number of initial public offerings (IPOs) that occur each year are widely decried. It is irony that many who bemoan these changes are the very persons who… Read More

The SEC ICO & DAO Announcement Decoded & Explained in Simple, Layman’s English

My Facebook Messenger was blowing up this afternoon. “OMG Have you seen this?” “What does this mean?” “Can you explain what this says in stupid people talk?” They were all referring to today’s SEC  announcement on ICOs. So, I’ll take 15 minutes from what was… Read More

SEC Issues Investigative Report on ICOs. Cautions Investors that Issuers are Subject to Federal Securities Law

The Securities and Exchange Commission (SEC) issued an investigative report today that may chill the booming Initial Coin Offering (ICO) market that has experienced hockey stick like growth in recent months.  The SEC cautioned market participants that sales of digital assets by “virtual” organizations are… Read More

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