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  • securities and exchange commission

    Regulation A+ Proposed Rule Needs Work

    The Securities and Exchange Commission (SEC) is to be commended for recognizing the debilitating problems with the existing Regulation A, but unless the proposed rule is modified in substantial ways, it will be of only limited value to entrepreneurs seeking to raise capital. The SEC should: Reduce overregulation by state … More

    SEC Continues Clash with Financial Stability Oversight Council

    The 2010 Dodd–Frank Act is a colossal regulatory mess that gave us, among other things, a new set of turf battles among regulators. The latest fight is between the Securities and Exchange Commission (SEC) and, well, basically all the other financial regulators. The Wall Street Journal notes: Luis Aguilar, a … More

    SEC Crowdfunding Rules Need Work

    “Going public” now costs a company about $2.5 million. This money is spent on lawyers, accountants, and other expenses to meet the registration requirements of the Securities Act. Moreover, it costs more than $1 million annually to remain public. Any company issuing stock is subject to these burdensome requirements unless … More

    Lack of Resources Is Not the Reason for SEC Tardiness

    During a recent House Financial Services Committee mark-up, a number of members complained that the Securities and Exchange Commission (SEC) was “slow walking” the regulations necessary to implement the very positive and bipartisan Jumpstart Our Business Startups (JOBS) Act enacted in 2012. The SEC opposed most provisions in the JOBS … More

    Regulation D Rule Would Harm Entrepreneurs and Economic Growth

    The Securities and Exchange Commission (SEC) has proposed a rule that would impede capital formation, job creation, innovation, productivity improvement, and economic growth by making Regulation D—the primary means by which new companies and young growing companies raise equity capital—markedly more complex and expensive. Economic research has increasingly demonstrated that … More

    JOBS Act: Crowdfunding Moves Forward

    The Jumpstart Our Business Startups (JOBS) Act, passed in April 2012 with huge bipartisan majorities, was designed to substantially reduce the regulatory burden on entrepreneurs seeking to raise capital to start and grow their businesses. But now some in Washington are trying to reverse its momentum. Title III of the … More

    Obama Picks a Prosecutor: Mary Jo White Appointed to Head SEC

    President Obama, moving quickly to complete the lineup for his second-term regulatory team, nominated attorney Mary Jo White yesterday to chair the Securities and Exchange Commission (SEC). The selection is a critical one, as the agency is still struggling to complete the rulemakings required under the Dodd–Frank financial regulation act, … More

    DOE Grant Recipient Fleeces Taxpayers to Benefit Green Investors

    Solar Mosaic, a solar microfinancing outfit that received a $2 million Department of Energy (DOE) grant last summer and exploits a 30 percent federal tax credit, officially launched its crowd-sourced investment platform last week. Acknowledging that the microfinancing (financial services for small projects or businesses) model employed by Solar Mosaic … More

    Morning Bell: Chinese Investment in the U.S. Shatters Records

    China set a record with its investments around the world in 2012. And in the United States, China shattered its previous investment record. Before people start panicking, it’s important to know: This is not a bad thing. First, let’s put it in perspective. Chinese investment is still very, very small … More

    Chinese Investment: Stop Complaining

    The Wall Street Journal and the Financial Times had front-page stories yesterday on the Securities and Exchange Commission suing the China subsidiaries of major accounting firms for not cooperating with investigations into possible fraud at Chinese clients. The famous multinational auditors are complaining, the Chinese firms are complaining, the Chinese … More