Monthly Archives: March 2015

SEC Chairman Says Crowdfunding Rules This Year

After pressure from Congress this week, Securities and Exchange Commission Chairman Mary Jo White apparently said before the House Financial Services Committee that the crowdfunding rules are “very much alive at the SEC” and that “It’s a high priority to … Continue reading

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Bringing “Bad Boy” Waivers Into the Light

Rep. Maxine Waters (D-CA) is talking about introducing a bill that would crack down on SEC’s “bad boy” waivers that have been handed out to the money center banks recently. The proposed legislation is apparently going to make waiver requests, … Continue reading

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When You’re Independent You Make Your Own Timing

When you’re an independent agency, you’re INDEPENDENT. Mary Jo White, Chairman of the Securities and Exchange Commission, testified today before the House of Representatives Committee on Financial Services stating that although the SEC was to have crowdfunding regulations finished by … Continue reading

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Crowdfunding Helping Battered Ferguson, MO Businesses

Crowdfunding is helping Ferguson, Missouri businesses damaged in the post-police-shooting rioting. However, the returns are highly uneven among the companies seeking assistance, and there is no oversight with respect to how the money is being spent. Even the Missouri Secretary … Continue reading

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Do You Trust Your Broker?

When your broker suggests that you put your money into one of her picks, is it good for you? Brokers’ duties include fair dealing, suitable recommendations, accurate disclosure, trade only by client instruction and avoiding excessive trading.  See: http://www.finrafoundation.org/web/groups/foundation/@foundation/documents/foundation/p119054.pdf However, there … Continue reading

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Are Some Bad Actors More Equal Than Others?

Are some bad actors more worthy than others? Criminal and civil sanctions can bar banks from certain activities, including participating in the private capital markets. Securities and Exchange Commissioner Kara Stein thought so last year when the SEC gave a waiver … Continue reading

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New York Times To Host Crowdfunded Docs

The New York Times has partnered with Kickstarter to show crowdfunded documentary films on its website. Neither Kickstarter nor the filmmaker are getting paid by the Times who will have the right to show the films on its website forever. … Continue reading

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