Tagged: securities and exchange commission

Chairman Gary Gensler Tells Congressional Committee Crypto Exchanges Need to Register as Exchanges with SEC

Gary Gensler 1

SEC Chairman Gary Gensler testified in front of the Subcommittee on Financial Services and General Government, part of the House Appropriations Committee, to justify the agency’s budget request. As part of the questioning from various members, Gensler answered several questions which were crypto-related. Chairman Gensler… Read More

JOBS Act 4.0: Improving the Regulatory Environment for Entrepreneurial Capital Formation

Washington DC the Capital Reflection

Passed with large bipartisan majorities and signed into law by President Obama, the 2012 JOBS Act was a bipartisan achievement of consequence. The JOBS Act substantially improved the laws governing entrepreneurial capital formation and has had a measurable positive impact on entrepreneurial capital formation. But… Read More

Goldman Sachs Dials Back on SPACs

Red Light Traffic Stop

SPACs, once red hot topping the traditional IPO market, have dimmed in recent months as the Securities and Exchange Commission has proposed new rules that may make the financing vehicle less viable. Today, the most prominent investment bank in the US, Goldman Sachs (NYSE:GS), has… Read More

After Receiving Substantial Criticism For Rushed Rulemaking, SEC Extends Comment Period on Climate Disclosure Rule, ATSs & Definition of an Exchange

Securities and Exchange Commission SEC Washington DC

The Securities and Exchange Commission (SEC) has extended the comment period on proposed ESG rules that may compel public firms to disclose their climate risks and impact on the environment. The SEC has received broad criticism in regards to the rushed nature of the rulemaking… Read More

SEC: NVIDIA Accused of Inadequate Disclosure Regarding Crypto Mining, Pays $5.5 Million Penalty

Mining Hardware Computers

The Securities and Exchange Commission has settled charges against NVIDIA (NASDAQ:NVDA) regarding allegations of inadequate disclosures concerning the impact of cryptomining on the company’s gaming business. Without admitting or denying the SEC’s findings, NVIDIA has agreed to a cease-and-desist order and to pay a $5.5… Read More

SEC Climate Risk Disclosure: What are People Saying About Proposed Rules?

Florida Sunset Beach Palm Trees Sun

This past March, Chairman Gary Gensler announced the Securities and Exchange Commission was aiming to require disclosure on climate impact for registered firms. The Fact Sheet may be viewed here. Climate-related information would be required in firms’ registration statements and annual reports, including information about… Read More

SEC Small Business Capital Formation Advisory Committee will Discuss SPACs, Climate Disclosure under ESG Push

Securities and Exchange Commission SEC 3

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee (SBCFAC) has scheduled a meeting to discuss two specific topics: SPACs or Special Purpose Acquisition Companies and Climate Disclosure. The meeting will take place on Friday, May 6, 2022. According to a statement by… Read More

SEC Charges Block Bits Capital, Founders with Fraudulent Unregistered Securities Offering, Criminal Charges Join Enforcement Action

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The Securities and Exchange Commission has issued charges against Block Bits Capital, LLC, Block Bits Capital GP I, LLC, and the co-founders Japheth Dillman and David Mata, alleging fraudulent offering of unregistered securities. Block Bits along with Dillman and Mata, apparently raised about $1 million… Read More

The Definition of “Exchange” and Regulation ATS: Comments on the Proposed Rule Change by SEC and the Impact to Digital Asset Markets

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As was noted last week, this past January the Securities and Exchange Commission (SEC) proposed amendments to the Exchange Act and the definition of an Exchange as well as Regulation ATS (Alternative Trading System). While described in relatively benign terms, the language of the proposed… Read More

Remember Poloniex? SEC Hits Pause on Disgorgement Plans

Grant Money Eyes Dollars

This week, the Securities and Exchange Commission (SEC), Division of Enforcement, requested an extension pertaining to the disgorgement of funds affiliated with Poloniex. To go back in time a bit, Poloniex is one of the few crypto exchanges that the SEC has targeted with an… Read More

SEC Commissioner Looks to Hire Securities Attorney to Help with Crypto

Securities and Exchange Commission SEC Interior

SEC Commissioner Hester Peirce is looking for an attorney to assist and advise on issues including crypto along with affiliated enforcement actions. Commissioner Peirce promoted the new position in a Tweet. As is well known, the Commissioner has been very supportive of Fintech innovation, along… Read More

Foreshadowing? SEC Chairman Gary Gensler Says Staff is Reviewing How to Get Crypto Exchanges “Registered and Regulated”

Gary Gensler May 26 2021

In remarks for the Penn Law Capital Markets Association Annual Conference, SEC Chairman Gary Gensler sent a clear warning to crypto exchanges and other marketplaces that trade in crypto. Gensler explicitly stated that he has asked staff to review how the Securities and Exchange Commission… Read More

SEC Commissioner Hester Peirce Dissents on SPAC Proposal as Designed to “Stop SPACs in their Tracks”

Hester Peirce March 2016

  SEC Commissioner Hester Peirce has posted a dissenting opinion regarding the rule proposal addressing SPACs. As was previously reported, the Securities and Exchange Commission has issued a 372-page proposal for new rules pertaining to Special Purpose Acquisition companies [SPACs]. SEC Chairman Gary Gensler described… Read More

SEC Proposes New Rules Impacting SPACs

Walking to the SEC Securities and Exchange Commission

The Securities and Exchange Commission (SEC) has issued a statement proposing new rules impacting Special Purpose Acquisition companies or SPACs. The recent rise in the number of SPACs being utilized to bring a company public with less disclosure than a traditional initial public offering has… Read More

Jonah Schulman from Security Token Market Shares Growth Plans, Strategy for 2022

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Jonah Schulman from Security Token Market, which is sharply focused on the blockchain-based security tokens sector, recently shared his views and insights exclusively with Crowdfund Insider. Jonah Schulman, the Head of Communications at Security Token Market, explained why blockchain or distributed ledger tech (DLT)-powered security… Read More

An SEC Committee Wants to Make it Easier to Qualify as an Accredited Investor, Will the Commission Listen?

Should you be an accredited investor

Last month, the SEC Small Business Capital Formation Advisory Committee held a virtual meeting to discuss the definition of an Accredited Investor. For anyone viewing the meeting, it was clear that Committee members would like to make it easier for individuals to qualify as Accredited,… Read More

Commissioner Hester Peirce: “Not the Securities and Environment Commission Yet,” as SEC Pushes for Rules Targeting Climate Related Disclosure

Securities and Exchange Commission SEC Stop

Today the Securities and Exchange Commission (SEC) proposed new rules to compel publicly traded firms to disclose climate-related information. The policy shift has long been anticipated and messaged by the Commission under the leadership of Chairman Gary Gensler. According to the SEC, new rules would… Read More

Perspective: Congressman Tom Emmer Advocates on Behalf of Crypto Innovators as the SEC Stifles Innovation

Congressman Emmer HFSC

Congressman Tom Emmer distributed a series of Tweets this past week that is emblematic of the frustration pertaining to the digital asset industry and a recalcitrant Securities and Exchange Commission when it comes to fostering a productive regulatory environment. Included in the Tweets, the Congressman… Read More

SEC Commissioner Allison Herren Lee to Step Down from Commission this June

Allison Herren Lee 2

SEC Commissioner Allison Herren Lee has announced her pending departure from the Commission. According to a statement, Lee’s term expires this June and she has decided to exit the top US securities regulator at that time. Commissioner Lee issued the following statement: “My term as… Read More

Crypto Fraud: SEC, DOJ Charges Brother – Sister Team with Allegations of $124 Million Scam with Ormeus Coin


The Securities and Exchange Commission (SEC) has announced fraud charges against John and JonAtina (Tina) Barksdale – a brother and sister team that allegedly pursued two fraudulent digital token offerings that garnered $124 million from retail investors. In a parallel action, the U.S. Attorney’s Office… Read More

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