Tagged: securities and exchange commission

November 30, 2022 @ 10:47 am By JD Alois  |  

  The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), has posted two letters advising the Commission on key policy goals that impact capital formation, especially for smaller – private firms. The Committee is the creation of the SEC Small Business… Read More

November 27, 2022 @ 11:44 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC), has scheduled its next meeting for December 8, 2022. The IAC was created under the Dodd-Frank Act and holds a mission to protect investor interests but has tended to overweight investor protection over investor access… Read More

November 23, 2022 @ 3:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published its Strategic Plan for fiscal years 2022 to 2026, The high-level document is required under the Government Performance and Results Modernization Act of 2010. The brief outline declares three goals: Protect the investing public against fraud, manipulation,… Read More

November 18, 2022 @ 3:57 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has commenced administrative proceedings against American CryptoFed DAO LLC. The company is based in Wyoming and was established under the state’s DAO law in July 2021. The Order, available here, outlines the interaction between American CryptoFed and the SEC…. Read More

November 18, 2022 @ 11:51 am By JD Alois  |  

The Securities and Exchange Commission’s regulatory agenda during the current leadership has changed little since it was first revealed in 2021. One item that has been near the top of the list is Reg D “improvements,” including an update to the Accredited Investor definition. Regulation… Read More

November 10, 2022 @ 11:27 am By Omar Faridi  |  

Blockchain Association announced that it has filed an amicus brief in the U.S. Securities and Exchanges Commission’s (SEC) lawsuit against Ripple. This case, which is just one in a long line of SEC efforts to regulate by enforcement, highlights the SEC’s efforts “to cement and… Read More

November 7, 2022 @ 8:56 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) is now making the claim that all ETH transactions fall under U.S. jurisdiction due to the network’s high concentration of nodes within the country. If this claim is found to be accurate, we will very soon see a… Read More

November 3, 2022 @ 12:21 pm By JD Alois  |  

Senator Pat Toomey, the ranking member on the Senate Banking Committee, and Representative Patrick McHenry have co-authored a letter addressed to SEC Chairman Gary Gensler demanding answers regarding “mismanagement” of the Commission, which were highlighted in a recent report by the SEC’s Office of Inspector… Read More

October 20, 2022 @ 10:59 am By JD Alois  |  

The Securities and Exchange Commission (SEC), Office of Inspector General (OIG), has issued a report on the management of the SEC that criticizes multiple aspects of the Commission’s operations. Aiming to promote integrity and efficiency, the OIG is an independent office within the SEC that… Read More

October 13, 2022 @ 4:18 pm By JD Alois  |  

Today the SEC’s Small Business Capital Formation Advisory Committee (SBCFAC) held a meeting to address two important topics. The sagging initial public offering (IPO) market and access to capital for vital entrepreneurial markets. Both, are key policy ambitions – more so during a time of… Read More

October 7, 2022 @ 4:15 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has re-opened the commenting period due to a “technological error,” according to a statement by the regulator. Historically, when the Commission proposes new rules, there is a period of time where individuals and entities may comment as to how… Read More

October 5, 2022 @ 9:47 am By JD Alois  |  

June 2021 Promotion by Kardashian has the potential of being viewed by 328 million followers in what many think may have been the “financial promotion with the single biggest audience reach in history.” There has been plenty of chatter about the US Securities and Exchange… Read More

October 3, 2022 @ 2:01 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) recently announced insider trading charges against two Canadian software engineers who reportedly “made $1.6 million by trading ahead of non-public, market-moving financial information.” According to the SEC’s complaint, from at least May 2018 to July 2021, Harpreet Saini… Read More

September 28, 2022 @ 6:35 pm By JD Alois  |  

The Securities and Exchange Commission (SECI  has filed charges against The Hydrogen Technology Corporation, former CEO, Michael Ross Kane, and Tyler Ostern, the CEO of Moonwalkers Trading Limited, for allegations regarding the sale of unregistered “crypto asset securities” of Hydro. The SEC also alleges that… Read More

September 22, 2022 @ 6:27 pm By JD Alois  |  

Several weeks back, the SEC Small Business Capital Formation Advisory Committee (SBCFAC) met and discussed secondary transactions for securities issued under Regulation A (Reg A+) as well as Reg CF. Private securities must adhere to various rules for investors to sell a holding creating hurdles… Read More

September 22, 2022 @ 4:38 pm By JD Alois  |  

Several House Republicans have sent a letter to SEC Chairman Gary Gensler challenging his authority to demand climate disclosure reports from firms as well as other proposed rules, including ESG ambitions and areas like SPACs. Republican members of the House, including the top Republican on… Read More

September 22, 2022 @ 9:56 am By JD Alois  |  

Robinhood (NASDAQ:HOOD), a social trading platform providing access to both traditional securities and crypto, is seeing a bump in its share price as chatter indicates that the practice of Payment for Order Flow – will remain in place. Robinhood promotes is a fee trading service… Read More

September 19, 2022 @ 3:31 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) says it has issued a Cease & Desist against Sparkster Ltd., and its CEO Sajjad Daya for offering unregistered digital asset securities. According to the SEC’s complaint, the SPRK token offering took place from April 2018 through July 2018,… Read More

September 19, 2022 @ 3:19 pm By JD Alois  |  

The SEC’s Investor Advisory Committee (IAC) is scheduled to hold a meeting this week, on September 21st. The agenda of the meeting has just been released. The meeting will focus on four panels including: Human capital management labor valuation and performance data; 10B-1 position reporting; 13D… Read More

September 9, 2022 @ 6:08 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has created two new offices – one focused specifically on the digital asset or crypto-asset sector. According to the SEC, the Office of Crypto Assets has been added to the Division of Corporation Finance’s Disclosure Review Program (DRP). The… Read More