Tag Archives: Division of Corporation Finance

Startups Can Sell Stock At Venture Fairs Says SEC

New interpretations from the Division of Corporation Finance at the U.S. Securities and Exchange Commission puts an official imprimatur upon what’s been happening for the past 20 years. The interps now say that the offer of a security under Regualtion … Continue reading

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SEC Will Be Serious About Crowdfunders Reporting

Title III, Sec. 304(b) of the Crowd Fund Act of 2012 will require that issuers file annual reports with the Securities and Exchange Commission. The SEC is serious about reporting. Witness the SEC’s charge against W2007 Grace Acquisition I Inc., … 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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SEC Crowdfunding Rules Not Until 4th Q 2015

The Executive Office of the President published the Securities and Exchange Commission’s regulatory calendar that notes that the final crowdfunding rules are now scheduled for publication in October 2015. Priority is “substantive, nonsignificant.” So, don’t hold your breath, crowdfunder wannabes. … Continue reading

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In-State Crowdfunders Get Guidance From SEC

A number of states have now enacted intra-state crowdfunding laws that comply with the federal exemption under the Securities Act of 1933. The SEC staff recently posted an interpretation that says that issuers can use their websites to limit the … Continue reading

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SEC Coy on Timing of Final Crowdfunding Rules

Yesterday, the head of the Securities and Exchange Commission’s Division of Corporation Finance gave testimony to the House Committee on Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises with respect to the SEC’s progress on finalizing the rules … 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, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

ABA Comments on Crowd Funding Regs

The  Federal Regulation of Securities  Committee of the Business Law  Section of  the American Bar Association sent the Securities and Exchange Commission their- comments on the SEC’s proposed crowdfunding regs that included: it agrees that amounts raised using crowdfunding should … Continue reading

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SEC Notes Ways to Verify Accredited Investors

The SEC’s Director of Corporation Finance gave the keynote address at the Angel Capital Association Summit stating that there have been 900 private placements that have advertised under the new Regulation D rules, raising ~$10 Billion, compared to 9,200 non-advertised … 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, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

SEC Asks For Money to Enforce Crowd Fund Act

In its 2015 budget request to Congress, SEC has asked for money to enforce the Crowd Fund Act: “The SEC is implementing the Jumpstart Our Business Startups (JOBS) Act, which includes a new rule that allows for broader solicitation of certain types … 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, SEC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment