Tag Archives: Securities Exchange Act of 1934

Court Says Securities Fraud Case on Cryptocurrency Can Move Forward

More to come as Judge Raymond Dearie in the Eastern District of New York Federal court has ruled that securities law fraud cases can be brought against promoters of cryptocurrencies. Now, the U.S. Securities and Exchange Commission’s case can move … Continue reading

Posted in accredited investor, balance, CFTC, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, fraud, review, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , | Leave a comment

Regulation Crowdfunding Meant to Prevent It?

The Wall Street Journal’s Christopher Mims opines that some believe that the Securities and Exchange Commission’s crowdfunding regulations are meant to prevent crowdfunding. Rules that limit the total annual investment by an individual, that require companies to register under Section … Continue reading

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

SEC Proposes New Rules Under The JOBS Act

The SEC issued proposed new rules under the JOBS Act to, inter alia: change the registration/deregistration requirements under the Securities Exchange Act of 1934, determine who is an “accredited investor” as of the last day of the fiscal year for … Continue reading

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

PCAOB Proposes Auditors ID Critical Matters and Reporting Inconsistencies

HAPPENING NOW: The Public Company Accounting Oversight Board, meeting now, has proposed a rule to require that the auditor’s report giving an unqualified opinion on a public reporting company also include a discussion of “critical audit matters” found while performing … Continue reading

Posted in Broker dealers, Congress, FINRA, Funding Portals, Investments, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

In The Best of All Possible Worlds

The Crowd Fund Act may be the best of all ┬ápossible worlds for small but mature companies looking to raise cash but not wanting to be “public.” The Wall Street Journal reports today that in accordance with the JOBS Act, … Continue reading

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

SEC Exempts Websites for Crowdfunding

The SEC now permits social media and internet websites to offer the sale of securities in a Rule 506 (Reg. D) private placement without general solicitation and be exempt from the requirement to register as a “broker dealer” under the … 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, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Head Counting

While the JOBS Act has increased the number of shareholders that will require registration under the Securities Exchange Act of 1934, private companies must now divide their shareholders into “accredited” and “non-accredited.” Sec. 501 of the JOBS Act requires registration … Continue reading

Posted in Crowd Fund Act, Crowd Fund Act of 2012, Investments, SEC, Small Business | Tagged , , , , , , , , , , | Leave a comment