Tag Archives: Mary Schapiro

Will Crowd Funding Fill the Gap?

The Wall Street Journal today focuses on the fact that many seasoned small businesses that are in the financing gap are looking to obtain capital through crowd funding. Although bankers protest that they are actively seeking “qualified” borrowers, ancedotal evidence … Continue reading

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

A Gentle Push from Congress

Congress has apparently now also come to the conclusion that the SEC will not have Crowd Funding regulations published by the statutory deadline of December 31st. See the bi-partisan letter to departing Chairman Schapiro urging at least the issuance of … Continue reading

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We Know We’re Late

Incoming chairman of the SEC Elisse Walter provided additional evidence that the SEC will likely not hit the Dec. 31 deadline for publishing crowd funding regulations. ¬†“We are way behind schedule. We know that. We didn’t want to be,” she … Continue reading

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

Turmoil At the Top

The SEC announced yesterday that the head of the Division of Corporation Finance, Meredith Cross, is leaving the Commission as of December 31st. Ms. Cross has been involved in the drafting of crowd funding regulations and her departure, together with … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, FINRA, Legislative Intent, SEC, Small Business, States, Wall Street | Tagged , , , , , , , , , , , , , , , | Leave a comment

No Timing Change to Crowd Funding Rules

Several commentators have suggested this morning that the ¬†resignation today of SEC Chairman Mary Schapiro would slow the crowd funding rule making process. However, because President Obama was quick to appoint SEC Commissioner Elisse Walter to replace Ms. Schapiro, it’s … Continue reading

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

Be Prepared To Be Disappointed

Just back from the SEC’s Forum on Small Business where a large portion of the day was spent on the Crowd Fund Act. The good news is that there is widespread interest in this topic with (my guess) over 300 … Continue reading

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

SEC On Time for Crowd Funding Rules (So Far)

The Wall Street Journal reported yesterday that the SEC is on track to have the crowd funding rules written by the end of 2012. “Ms. Schapiro said she expects the SEC to meet a deadline at the end of the … Continue reading

Posted in Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, Funding Portals, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , | Leave a comment