As I have for many years, last week I attended the SEC's annual business conference on smaller companies in our nation's capital. Always love my trips to DC- I especially liked when my breakfast waiter called me Senator (flattery gets you a good tip)! Now...
It was in many ways the centerpiece of the Jumpstart Our Business Startups (JOBS) Act of 2012. At the signing ceremony all the President could talk about was the idea of "bringing Wall Street to Main Street." And while the JOBS Act has many other...
As announced earlier this week, the SEC today approved final rules for Jumpstart Our Business Startups (JOBS) Act Title III "crowdfunding." We don't have all the details yet but it looks mostly like they proposed it, with a $1 million limit on crowdfunding, limits on what...
How's that for an exciting blog post title? Actually for those of us slogging away on some old-fashioned pre-JOBS Act style private placements, the SEC no-action letter issued to Citizen VC, Inc. in August is very helpful indeed. In fact it goes further in creating...
As we still await the first completed Tier II Regulation A public offering, and rumors are swirling that several are getting close, the Financial Industry Regulatory Authority (FINRA), which regulates broker-dealers, has confirmed what most already know. In a release a few weeks ago, they...
As reported by Crowdfund Insider, Massachusetts and Montana filed their first "Opening Brief" in their case against the SEC trying to invalidate the regulations passed under Regulation A pursuant to the Jumpstart Our Business Startups (JOBS) Act of 2012. Essentially, they say the SEC overstepped its...
Last week the US Securities and Exchange Commission issued an "investor bulletin" about its amendments to Regulation A made under the Jumpstart Our Business Startups (JOBS) Act of 2012. The introduction to the bulletin makes clear the changes were made "to enhance the ability of...
It has happened at last. Almost three years after passage of the Jumpstart Our Business Startups (JOBS) Act of 2012, the SEC is set to vote to finalize rules on so-called Regulation A+ expansion this Wednesday, March 25. As we have written often here, the...
Let's give one to the states. Often in their attempt to regulate securities offerings we find states a source of delay and frustration. However, given the snail's pace at which the SEC is implementing crowdfunding rules mandated by the Jumpstart our Business Startups (JOBS) Act...
Want to bring a case but can't afford the lawyers? No problem. Chicago lawyer Michael Helfand has set up a crowdfunding site to help you raise money. You can find it at https://www.fundedjustice.com/en. It can be especially true for smaller cases, like workers compensation claims, where...