Tagged: securities and exchange commission

August 21, 2017 @ 8:00 am By Jor Law  |  

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

July 30, 2017 @ 2:17 pm By JD Alois  |  

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

July 29, 2017 @ 6:07 pm By JD Alois  |  

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

July 27, 2017 @ 3:00 pm By Patrick A. Reardon  |  

  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

July 25, 2017 @ 7:03 pm By Amy Wan  |  

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

July 25, 2017 @ 5:08 pm By JD Alois  |  

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

July 20, 2017 @ 7:40 pm By JD Alois  |  

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

July 19, 2017 @ 5:51 pm By JD Alois  |  

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

July 14, 2017 @ 12:00 pm By Samantha Hurst  |  

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

July 12, 2017 @ 2:27 pm By JD Alois  |  

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

July 10, 2017 @ 4:49 pm By Samantha Hurst  |  

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

May 3, 2017 @ 11:50 am By JD Alois  |  

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

April 29, 2017 @ 10:05 am By JD Alois  |  

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

April 25, 2017 @ 11:14 am By JD Alois  |  

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

April 21, 2017 @ 12:00 pm By Jonathan Nieh  |  

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

March 31, 2017 @ 6:54 pm By JD Alois  |  

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

March 23, 2017 @ 9:24 am By JD Alois  |  

  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

March 6, 2017 @ 10:20 am By Amy Wan  |  

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

February 16, 2017 @ 2:54 pm By JD Alois  |  

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

February 3, 2017 @ 11:39 am By JD Alois  |  

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