Tagged: mary jo white

Kara Stein Sworn in as SEC Commissioner Replaces Former Commissioner Elisse Walter

The SEC has announced that Kara M. Stein was sworn into office as an SEC Commissioner this afternoon by SEC Chair Mary Jo White.  Ms. Stein, nominated by President Barack Obama, replaces former Commissioner Elisse Walter. “It is an honor to join my fellow Commissioners… Read More

SEC Chairman White: Crowdfunding Rules Coming In Fall

Yesterday SEC Chariman Mary Jo White addressed the timeline for implementation of the remainder of mandates enclosed in the JOBS Act, including rules regarding non-accredited crowdfund investing. The SEC has proposed or adopted rules for over 80 percent of the more than 90 Dodd-Frank Act… Read More

Chairman Mary Jo White’s Opening Statement From Meeting on General Solicitation, Jobs Act

The SEC has posted the text of the opening statement by SEC Chairman Mary Jo White from the meeting today which addressed General Solicitation and other elements of the Jobs Act.  Recognizing the congressionally mandated rules of the Jobs Act, the Chairman recommended the Commission… Read More

SEC Issues Release on Removal of General Solicitation Ban Approved This Morning

The SEC has issued a formal release regarding the approval of the removal of the ban on general solicitation, or advertisting, for private securities offerings.  Simulataneously the SEC commented on the rules regarding “Bad Actors”.  Rules become effective 60 days following publication in the Federal… Read More

Sources: SEC Close To Proposing Equity Crowdfunding Rules

Crowdfund Insider is hearing from multiple sources that the SEC is nearing proposed rules for Title III of the JOBS Act. Title III mandates equity crowdfunding for non-accredited investors. A proposal of rules by the SEC would open the process to a period of public… Read More

Why the JOBS Act Hasn’t Launched Equity Crowdfunding

When the JOBS Act was signed into law, its knotty crowdfunding provisions quickly became a source of consternation for the SEC. More than one year later, the law continues to languish, as the SEC moves slowly to implement its two most important provisions. One would enable general advertising for… Read More

GOP Lawmakers Pressure SEC To Implement JOBS Act

Yesterday a group of GOP lawmakers including Representative Patrick McHenry sent a letter to newly minted SEC chairman Mary Jo White. The letter urges timely implementation of Section 201 of the JOBS Act, which calls for the removal of the ban on general solicitation for… Read More

Crowdfunding set to make mark on investing landscape

For $100, Micah Lubens bought a share of a vacant, two-story brick building that was promoted as the next up-and-coming hot spot along Washington D.C.’s bustling H Street corridor. Through food blogs, Lubens learned of plans to transform the building into a minireplica of Asian… Read More

Mary Jo White Pushing To Lift Ban On General Solicitation

Bloomberg is reporting that newly minted SEC Chairman Mary Jo White is pushing to lift the ban on general solicitation. From the article… White, who became SEC chairman on April 10, has suggested the commission pass the existing plan without major changes and add additional protections later,… Read More

Today Could Be Pivotal For Investment Crowdfunding

In a few hours, Elisse Walter will sit in front of members of the House of Representatives Oversight Committee to answer questions on why key elements of the JOBS Act are still in limbo more than a year after the Act was signed into law…. Read More

Former Prosecutor Mary Jo White Sworn in as Chair of SEC

The Securities and Exchange Commission  announced that Mary Jo White was sworn in yesterday as the 31st Chair of the SEC. Chairman White comes to the SEC with decades of experience as a federal prosecutor and securities lawyer. She was nominated to be SEC Chair… Read More

Mary Jo White Confirmed Unanimously By Senate

The US Senate confirmed on Monday that former prosecutor and corporate attorney, Mary Jo White, will be the new Chairman of the Securities and Exchange Commission. The incoming Chairman was appointed by President Obama in January after Mary Schapiro stepped down, passing the mantle to… Read More

No Reason to Celebrate on One Year Anniversary of JOBS Act

A leading organization that represents entrepreneurs and small business owners expressed frustration with the dawdling pace of Jumpstart Our Business Start Up Act  (JOBS Act) implementation by the Securities and Exchange Commission (SEC).  The JOBS Act was signed by President Barack Obama one year ago… Read More

CrowdIt Applauds One-Year Anniversary Of President Obama Signing The Jobs Act

CrowdIt, today joins the crowdfunding industry in recognizing the one-year anniversary of the signing of the Jumpstart Our Business Startups (JOBS) Act by President Obama. The bill will allow entrepreneurs to fund small businesses through a new crowdfunding model that provides equity shares in startups…. Read More

JOBS Act Creates Crowdfunding Industry but No IPOs

It’s been one year since the Jumpstart Our Business Startups (JOBS) Act was passed with the intention to reduce red tape and costs for initial public offerings. The theory was that by doing this and creating crowdfunding for companies, the IPO market would take off…. Read More

Easy Confirmation Expected for Incoming SEC Chairman Mary Jo White

In stark contrast to the Senatorial theatrics associated with the confirmation of Defense Secretary Chuck Hagel, incoming SEC Chairman Mary Jo White has experienced a different process which was  more routine.  The confirmation hearing was held this past week on March 12th and was notable… Read More

Advocates urge SEC to propose crowdfunding rules

About a dozen crowdfunding and venture capital representatives and small-business advocates last Tuesday urged Securities and Exchange Commission Chairman Elisse Walter to propose rules for crowdfunding.  A type of financing that lets small investors buy equity or debt in startups over the Internet, crowd funding… Read More

Crowdfunding Stakeholders Leave DC Optimistic, Wanting Action

According to sources in the crowdfunding industry who were present for yesterday’s meetings in Washington, there is reason for cautious optimism in regards to Title III implementation. The message from the industry was clear; We’ve examined the problem domain and we’re ready to go, but… Read More

Crowdfunding vulnerable in SEC limbo

Last week, influential crowdfunding advocates pleaded with interim Securities and Exchange Commission Chair Elisse Walter to move a set of rules for legislating last year’s Jumpstart Our Business Startups Act into the required 90-day comment period. They feared that the appointment of a new head would further delay the long-awaited legislation… Read More

What Mary Jo White’s Nomination Means for Crowdfunding

  MARY JO WHITE TO LEAD SEC: CROWDFUNDING IMPLICATIONS? (Crowdsourcing.org) “When it comes to prosecuting white collar criminals, she’s got an outstanding track record,” Douglas Ellenoff, of Ellenoff Grossman and Schole LLP, told Crowdsourcing.org. “She’s really an interesting and credible pick for the president, as… Read More

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