Tag Archives: filing

IPOs Being Abandoned In Favor of Buy-Outs

The Wall Street Journal reports that companies are abandoning initial public offerings of their stock in favor of getting acquired. The dollar volume of IPOs has dropped in 2015 by 63% vs. 2014 while mergers have increased 46%. At least … 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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SEC Crowdfunding Timing Revealed

The SEC published its proposed rulemaking agenda for 2014. The comment period on the crowdfunding regulations under new section 4(6) of the Securities Act of 1933, as amended by the JOBS Act, ends on February 3, 2014. The proposed final … Continue reading

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New SEC Crowdfunding Guidance

The SEC has released a number of Q&A’s regarding the use of new Rule 506(c). This guidance includes such matters as: whether an issuer who has taken reasonable steps to verify its investor is “accredited” and later finds out that … Continue reading

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New Crowdfunding Rules Sow Confusion

The Wall Street Journal is reporting today that, notwithstanding the SEC’s formal and informal guidance on using Rule 506(c), that permits advertising for private placements so long as all investors are “accredited,” there is general confusion about how to comply … 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

Crowdfunders Pre-Filing With SEC

Crowdfunding companies that are advertising under recently amended SEC rules are making early Form D filings with the SEC even though the proposed regulations requiring pre-filing are not yet effective. Reasons given are: to be cautious, to reach as many … 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, States, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 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 ┬ápermits 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