Tagged: securities and exchange commission

July 9, 2014 @ 6:27 pm By JD Alois  |  

The Securities and Exchange Commission Investor Advisory Committee (IAC) is set to convene tomorrow, July 10th, at the SEC headquarters in Washington, DC.  On the committees’s agenda is the important topic of the definition of an “accredited investor”. Recently Crowdfund Insider published an article by… Read More

July 7, 2014 @ 8:11 am By Samuel Guzik  |  

Some of you who read my article on July 1, 2014, entitled “Intrastate Crowdfunding at Risk -Has Intrastate Crowdfunding in Washington State Been Washed Out by NASAA and the SEC?” may have concluded that I was making a mountain out of a mole hill –… Read More

July 1, 2014 @ 8:32 am By Samuel Guzik  |  

Has Intrastate Crowdfunding in Washington State Been Washed Out by NASAA and the SEC? On May 5, 2014, I published an article in Crowdfund Insider highlighting recent informal “rulemaking” at the SEC Division of Corporation Finance, which in my opinion quietly dampened the efforts of… Read More

June 30, 2014 @ 12:28 pm By JD Alois  |  

While attending the CFGE Conference in New York City last week I was able to sit in on a presentation by Anthony Zeoli regarding the “vanishing middle market IPO”.  Anthony is a securities attorney who is championing the cause of intrastate crowdfunding in Illinois –… Read More

June 27, 2014 @ 9:01 pm By JD Alois  |  

Last fall – way back in November 2013 – the SEC held their annual gathering of minds to discuss the challenges of small business capital formation.  The meeting was mandated by law under the “Small Business Incentive Act of 1980”.  This was their 32nd forum… Read More

June 23, 2014 @ 12:54 pm By JD Alois  |  

The Securities and Exchange Commission has published an “Investor Alert” on Affinity Fraud.  Basically they are pointing out what should be obvious.  There are always fraudsters out there looking to dupe the unsuspecting.  Confidence schemes (hence the term “con” man) have been around since the… Read More

June 19, 2014 @ 11:02 am By Anthony Zeoli  |  

Few words or phrases have the ability to affect the U.S. economy like the term “accredited investor.” Whether you know it or not, these two little words control $800 billion of private investment in the United Stated today. The standards for qualifying as an accredited… Read More

June 14, 2014 @ 8:30 am By JD Alois  |  

Last week during a quick trip to New York City, SEC Chair Mary Jo White addressed the Sandler O’Neill & Partners, L.P. Global Exchange and Brokerage Conference. The title of her speech was “Enhancing Our Equity Market Structure” – a noble subject to be certain.  The… Read More

June 9, 2014 @ 11:27 am By Samantha Hurst  |  

EarlyIQ, Inc. announced on Monday morning a new feature targeted at simplifying compliance with Bad Actor provisions under U.S. Securities and Exchange Commission (SEC) Regulation D, Rule 506 (d). Under the rule, certain disqualifying events must be monitored and disclosed in order to offer securities in… Read More

June 6, 2014 @ 8:37 am By Barry James  |  

Crowdfunding Sees Growing Regulatory Support. “We are now looking for areas where the system itself needs to adapt to new technology or broader change – rather than the other way round. We want to ensure that positive developments, the ones that promise to improve the lives of… Read More

May 27, 2014 @ 8:15 am By Richard Swart  |  

After more than two years of waiting, the news from Capitol Hill is not good.  The JOBS Act was a political compromise passed by Congress in 2012 due to several layered political agendas. Unfortunately, the provisions of the JOBS act, as enacted in Title III,… Read More

May 23, 2014 @ 11:06 am By Samantha Hurst  |  

The Crowdfund Intermediary Regulatory Advocates (CfIRA) will be holding their monthly educational series webinar June 1st at 1:00 p.m. EST. This month’s topic “Angel Investing 101,” will cover opportunities in the space, how to find good deal flow and the trends and forecasts affecting angel… Read More

May 21, 2014 @ 5:10 pm By JD Alois  |  

Andrew Ceresney, Director of the Division of Enforcement at the Securities and Exchange Commission, gave a speech today at Compliance Week in Washington, DC.  While there isn’t too much special in talking about enforcement because that’s exactly what the SEC spends quite a bit of time… Read More

May 16, 2014 @ 8:30 am By Tom Sharbaugh  |  

The new crowdfunding provisions in the “Jumpstart Our Business Startups Act of 2012” (which is often referred to as the “JOBS Act of 2012”) have received a lot of attention: Title III of the Act exempts certain crowdfundings from the registration requirements of the federal… Read More

May 10, 2014 @ 9:23 am By JD Alois  |  

The Crowdfund Intermediary Regulatory Advocates (CFIRA) recently posted a comment letter on the SEC web site regarding JOBS Act implementation.  The comment letter was in direct response to the recommendations provided by the Investor Advisory Committee (IAC) who recently met – reviewing their requests for… Read More

May 6, 2014 @ 12:25 pm By Samantha Hurst  |  

CEO and co-founder of the crowdfunding giant Kickstarter Yancey Strickler may have high hopes and big plans for his platform that allows consumers the power to raise funds for projects from art to technology. Unfortunately for some, Mr. Strickler has formally confirmed the platform will… Read More

April 29, 2014 @ 6:25 pm By JD Alois  |  

Securities and Exchange Commission Chair Mary Jo White travelled to Capital Hill today to visit the House Committee on Financial Services.  In prepared remarks Chair White reviewed what has been accomplished during her tenure and what expectations for 2014 she holds for the agency. The… Read More

April 29, 2014 @ 10:03 am By JD Alois  |  

Securities and Exchange Commission Chair Mary Jo White will testify before the House Financial Services Committee on Tuesday, April 29. The committee will hold an oversight hearing to examine the SEC’s rulemaking agenda, operations and $1.7 billion budget request. Committee members are also expected to… Read More

April 15, 2014 @ 12:37 pm By JD Alois  |  

In a speech delivered today, entitled “The Future of Capital Formation“, Craig M. Lewis, Chief Economist and Director of Economic and Risk Analysis at the SEC, addresses the JOBS Act and specifically the various exemptions that allow investment crowdfunding.  Specifically Title II – with general… Read More

April 14, 2014 @ 11:42 am By JD Alois  |  

The Investor Advisory Committee (IAC) meeting was held last week on April 10th at the SEC.  The agenda, previously published, indicated the IAC would address retail crowdfunding and review their recommendations as part of the rule making process. The meeting started with SEC Chair Mary… Read More