Monthly Archives: October 2015

SEC APPROVES CROWDFUNDING RULES !

The Securities and Exchange Commission today approved final rules for crowdfunding. A new era in startup capital raising begins today. More to come… http://www.sec.gov/news/statement/white-regulation-crowdfunding-147-504.html

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Increase In Private Placements, But Not Fraud

Over $1.3 TRILLION has been raised in private placements under Rule 506 in 2014, including those that used advertising. Chairman Mary Jo White says that the Securities and Exchange Commission has not perceived a rise in fraud although they are … Continue reading

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SEC to Vote on Crowdfunding Rules Today!

SEC to vote on real crowdfunding rules today. Under the Crowdfund Act of 2012, non-accredited investors will be able to roll the dice on startups. Watch this space for news of the SEC’s action. http://www.wsj.com/articles/sec-set-to-approve-final-rules-on-crowdfunding-1445987303

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“Bad Actor” Waivers Getting Harder to Get

After giving an investment adviser that failed to get clients’ consents for 21,000 trades a “bad boy” waiver, the Securities and Exchange Commission is now considering punishing JP Morgan. The Wall Street Journal reports that the Commission is thinking about … Continue reading

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Real Crowdfunding Rules May Come This Friday!

The SEC will hold an open meeting this coming Friday, Oct. 30, to consider whether to approve crowdfunding rules under Title III of the JOBS Act of 2012. Better late than never. http://www.sec.gov/news/openmeetings/2015/ssamtg103015.htm

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Nasdaq Consolidates Its Position For Private Shares Trading

The Nasdaq has acquired Second Market, the platform for trading shares of private companies, made famous when Facebook shares traded at record highs before its IPO. The trading site was a competitor to the come-lately Nasdaq Private Market and will … Continue reading

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Obama Nominates 2 Women To SEC

President Barack Obama on Tuesday selected Democrat Lisa Fairfax and Republican Hester Peirce to serve on the Securities and Exchange Commission. Ms. Fairfax would replace Luis Aguilar, whose term expired, and Ms. Peirce would replace Daniel Gallagher who left the … Continue reading

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Indiegogo Moves Personal Crowdfunding To New Site

Indiegogo is opening a new funding portal for personal fundraising, nonprofits, and socially conscious causes, not to be confused with their original site that offers not-profitable startups (wink emoji). The new webportal, called Generosity, will not charge any platform fees … Continue reading

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Crowdfunding Portals Beware!

Because 88% of SEC tested broker-dealers and 74% of investment advisers have experienced cyber attacks, the head of the Securities and Exchange Commission’s Division of Enforcement is telling financial institutions that a cyber breach may also result in a violation … Continue reading

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