FinLaw: JOBS Act Regulatory Action Update
During her keynote address at the 47th Annual Securities Regulation Institute on October 28, 2015, SEC Chairman Mary Jo White reminded us that the securities industry is an industry closely monitored by its regulators. While the speech focused attention on the dramatic changes in capital raising now permissible through the JOBS Act, White made clear
Read MoreSpeaker, OTC Markets Regulation A+ Roundtable, October 20, 2015 in NYC
Speaker at OTC Markets Regulation A+ Roundtable, October 20, 2015 at the OTCQX Market Center, 304 Hudson Street, New York, NY, including such topics as testing the waters, costs, free tradability of the shares, and the development of venture exchanges, onboarding to OTC and other mechanisms to establish liquidity.
Read MoreFINLAW: FINRA proposes rule changes to regulate Title III Funding Portals
Under Title III of the JOBS Act, a crowdfunding intermediary that engages in crowdfunding on behalf of an issuer of securities is required to register with the SEC as a “funding portal” or a broker-dealer, and to become a FINRA member. In anticipation that the SEC will take action on Title III crowdfunding shortly, FINRA’s
Read MoreFinLaw: Raising Money online with a Participating Broker-Dealer? Welcome to the World of FINRA Regulation
In my last article regarding Regulation A+ filing requirements, I discussed how when raising funds for a Reg A offering you are required not only to make a Form 1-A filing with the SEC, but also one with FINRA pursuant to FINRA Rule 5110. Rule 5110, known as the Corporate Financing Rule, enables FINRA to review and
Read MoreSpeaker, 2nd Annual IMN Crowdfunding Forum for Real Estate (West), Santa Monica CA, on September 16 and 17, 2015
Speaker at Fairmont Miramar Hotel & Bungalows, 101 Wilshire Boulevard, Santa Monica, CA on September 16, 2015 (“The Latest SEC/FINRA and State Broker Dealer and Selling Regulations: What a Developer Needs to Know about 506b, 506c, Reg S and Intrastate Rules”) and September 17, 2015 (“The Shark Tank”).
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