Tagged: securities and exchange commission

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

SEC Chair Mary Jo White: “With Power Comes Responsibility”

The U.S. Securities and Exchange Commission (SEC) kicked off its Fintech Forum today with remarks by Chair Mary Jo White, followed by Commissioner Michael S. Piwowar and Commissioner Kara M. Stein. Chair White told the audience that “with power comes responsibility”, namely that new fintech products should… Read More

Massive Rule 147 Amendments May Be On The Horizon Impacting Intrastate Crowdfunding

Almost a year ago, the SEC proposed certain amendments to the current Rule 147 which were intended to help foster, and increase the viability of, Intrastate crowdfunding. While little has been heard about these amendments since their release (except from Intrastate proponents like me of… Read More

SEC Schedules Open Meeting on Rules 147 & 504 Impacting Intrastate Crowdfunding

The SEC has scheduled a meeting to consider proposed amendments related to Rules 147 and 504 – securities regulations that impact intrastate crowdfunding.  The meeting of the Commission is scheduled to commence at 10AM on Wednesday, October 26 at SEC HQ in Washington, DC. The… Read More

Fig Announcement: Secures SEC Qualification to Issue “Psychonauts 2” Game Shares

Fig Publishing, Inc., a crowdfunding and publishing platform that allows non-accredited investors to financially support video game development and publishing, announced on Thursday it secured SEC qualification to issue Double Fine’s Psychonauts 2 game shares. Fig stated it would be the first and only company to allow fans… Read More