Tag Archives: audit

Crypto Bank Questioned

There are about $216 Billion worth of cryptocurrencies in circulation (according to the Wall Street Journal) and of that, about $3 Billion is in the cryptocoin Tether. A major reason for this is that Tether claims to be backed by … Continue reading

Posted in accredited investor, balance, Banking, Banks, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital | Tagged , , , , , , , , , , , , , , | Leave a comment

Common Complaints About Reg. Crowd Funding

Some common complaints about Reg. Crowd Funding, now that it’s almost a year old, include: the $1 million cap (which, according to some, need not be since each investor is capped), the investor cap (which is basically unenforceable as it’s … Continue reading

Posted in accredited investor, Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, FINRA, Funding Portals, Legislative Intent, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Does Regulation Crowd Funding Need Fixing?

If you remember, getting Regulation Crowd Funding enacted was a long slog, primarily because the Securities and Exchange Commission wanted to build in many “investor protections” that mimicked the registration process. Griping persists that the Reg is not working because: … Continue reading

Posted in accredited investor, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, FINRA, Funding Portals, Jobs, Legislative Intent, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Listen to the Birdie

How can you make money in the stock market? Turn in a cheater. The SEC’s Office of the Whistleblower has received over 3,620 whistleblower tips, a more than 20% increase in the number of whistleblower tips in just two years. … Continue reading

Posted in Congress, FINRA, Investments, Jobs, Legislative Intent, SEC | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Commenters Complain About Crowdfunding Costs

As the comment period for the Crowdfunding rules has closed, it appears that the biggest concern of the commenters is the cost to initiate a crowdfunding campaign. In particular, the requirement of audited financial statements, that could, per the SEC, … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Congressional Pushback On Crowdfunding Regs

Rep. David Schweikert (R-AZ), Chairman of the House Small Business Oversight Subcommittee, told The Deal Pipeline that if the SEC’s proposed regulations were adopted equity crowdfunding would “go nowhere.” The current funding world is “discombobulated.”Schweikert says that although its hard … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

PCAOB Proposes Auditors ID Critical Matters and Reporting Inconsistencies

HAPPENING NOW: The Public Company Accounting Oversight Board, meeting now, has proposed a rule to require that the auditor’s report giving an unqualified opinion on a public reporting company also include a discussion of “critical audit matters” found while performing … Continue reading

Posted in Broker dealers, Congress, FINRA, Funding Portals, Investments, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment