Tag Archives: Chairman

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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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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Finders Relief Recommended

While Securities and Exchange Commission Chairman Mary Jo  White noted that crowdfunding rules are coming soon, more interesting was the recommendations from the Advisory Committee on Small and Emerging Companies that the SEC “exempt intermediaries that are actively involved in … Continue reading

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How To Get A “Bad Actor” Waiver From the SEC

The Securities and Exchange Commission recently published a policy statement that describes its “bad actor” waiver process. As you recall, if there is a bad actor involved in your deal, you may not use certain exemptions from registration, including Rule … 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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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

Posted in Banking, Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Follow The Rule, Not The Proposal

SEC Chairman White recently clarified the SEC’s position on Rule 506(c) passed on July 10, 2013, and to be effective on September 23, 2013. That rule  permits general solicitation in Reg. D private placements as long as the issuer takes … Continue reading

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