Tag Archives: Patrick McHenry

Fix Crowdfunding Now?

If it ain’t working (because it hasn’t started), should you fix it? Frustrated that the SEC has yet to finalize the rules for crowdfunding and that the proposed rules are “over burdensome,” several Republicans in Congress are planning on introducing … 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 | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Congressional Pushback on Ad Rule Proposals

The Chairman of the House Subcommittee on Oversight and Investigations, Rep. Patrick McHenry (R-NC) and Scott Garrett, Chairman of the House Subcommittee on Capital Markets and Government Sponsored Entities (R-NJ) recently sent a letter to Mary Jo White, the Chairman … Continue reading

Posted in 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, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Is Rep. McHenry For or Against Crowdfunding?

On April 17, Rep. Patrick McHenry (R-NC) posted on his blog that the SEC “(B)y ignoring the deadline to implement a key provision of a bipartisan law approved a year ago, … is costing America’s struggling economy desperately needed jobs.” … 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, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

SEC Responds To Congressional Griping

In a Politico article, the SEC responded to Congressional griping about the time its taken to publish rules on crowdfunding this way: “We’ve been working very hard on this complex rulemaking effort and very much appreciate the extensive input we’ve … 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

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

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