On Jan. 29, Philippine SEC Commissioner Emilio Aquino said the agency is finalizing cryptocurrency regulations for 2018.
Views: 523 Global1 News Network
Any questions? The Securities and Exchange Commission is a government entity created to regulate the trading in securities such as stocks and bonds. The "SEC" as it is known was created after the Great Depression to protect the public by regulating the trading in stocks and bonds. The goal is for the average investor, Joe Q, to have access to the same information as the executives who oversee or work for the public companies that are traded on the exchanges. All public companies must file their results with the SEC on a periodic basis, usually each quarter so that the public has access to the same information as the company executives. Also, the SEC makes sure that the "insiders" who work for the companies, do not have an unfair advantage to invest or trade in securities based on "inside" information that is not yet available to the public. So, the SEC is like an investment police force!
Views: 32502 FinLit
Within the SEC, there are five divisions. Headquartered in Washington, D.C., the SEC has 11 regional offices throughout the US. The SEC's divisions are: Corporation Finance Trading and Markets Investment Management Enforcement Economic and Risk Analysis Corporation Finance is the division that oversees the disclosure made by public companies, as well as the registration of transactions, such as mergers, made by companies. The division is also responsible for operating EDGAR. The Trading and Markets division oversees self-regulatory organizations such as the Financial Industry Regulatory Authority (FINRA) and Municipal Securities Rulemaking Board (MSRB) and all broker-dealer firms and investment houses. This division also interprets proposed changes to regulations and monitors operations of the industry. In practice, the SEC delegates most of its enforcement and rulemaking authority to FINRA. In fact, all trading firms not regulated by other SROs must register as a member of FINRA. Individuals trading securities must pass exams administered by FINRA to become registered representatives. The Investment Management Division oversees registered investment companies, which include mutual funds, as well as registered investment advisors. These entities are subject to extensive regulation under various federals securities laws. The Division of Investment Management administers various federal securities laws, in particular the Investment Company Act of 1940 and Investment Advisers Act of 1940. This division's responsibilities include: assisting the Commission in interpreting laws and regulations for the public and SEC inspection and enforcement staff; responding to no-action requests and requests for exemptive relief; reviewing investment company and investment adviser filings; assisting the Commission in enforcement matters involving investment companies and advisers; and advising the Commission on adapting SEC rules to new circumstances. The Enforcement Division works with the other three divisions, and other Commission offices, to investigate violations of the securities laws and regulations and to bring actions against alleged violators. The SEC generally conducts investigations in private. The SEC's staff may seek voluntary production of documents and testimony, or may seek a formal order of investigation from the SEC, which allows the staff to compel the production of documents and witness testimony. The SEC can bring a civil action in a U.S. District Court, or an administrative proceeding which is heard by an independent administrative law judge (ALJ). The SEC does not have criminal authority, but may refer matters to state and federal prosecutors. The director of the SEC's Enforcement Division Robert Khuzami left the office in February 2013. Among the SEC's offices are: The Office of General Counsel, which acts as the agency's "lawyer" before federal appellate courts and provides legal advice to the Commission and other SEC divisions and offices; The Office of the Chief Accountant, which establishes and enforces accounting and auditing policies set by the SEC. This office has played a role in such areas as working with the Financial Accounting Standards Board to develop Generally Accepted Accounting Principles, the Public Company Accounting Oversight Board in developing audit requirements, and the International Accounting Standards Board in advancing the development of International Financial Reporting Standards; The Office of Compliance, Inspections and Examinations, which inspects broker-dealers, stock exchanges, credit rating agencies, registered investment companies, including both closed-end and open-end (mutual funds) investment companies, money funds. and Registered Investment Advisors; The Office of International Affairs, which represents the SEC abroad and which negotiates international enforcement information-sharing agreements, develops the SEC's international regulatory policies in areas such as mutual recognition, and helps develop international regulatory standards through organizations such as the International Organization of Securities Commissions and the Financial Stability Forum; The Office of Investor Education and Advocacy, which helps educate the public about securities markets and warns investors of fraud and stock market scams; The Office of Economic Analysis, which helps the SEC estimate the economic costs and benefits of its various rules and regulations; and The Office of Information Technology, which supports the Commission and staff in information technology, including application development, infrastructure operations. and engineering, user support, IT program management, capital planning, security, and enterprise architecture. The Inspector General. The SEC announced in January 2013 that it had named Carl Hoecker the new inspector general. He has a staff of 22. https://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission
Views: 6160 Way Back
Prior to the enactment of the federal securities laws and the creation of the SEC, there existed so-called blue sky laws. They were enacted and enforced at the state level, and regulated the offering and sale of securities to protect the public from fraud. Though the specific provisions of these laws varied among states, they all required the registration of all securities offerings and sales, as well as of every U.S. stockbroker and brokerage firm. However, these blue sky laws were generally found to be ineffective. For example, the Investment Bankers Association told its members as early as 1915 that they could "ignore" blue sky laws by making securities offerings across state lines through the mail. After holding hearings on abuses on interstate frauds (commonly known as the Pecora Commission), Congress passed the Securities Act of 1933 (15 U.S.C. § 77a), which regulates interstate sales of securities (original issues) at the federal level. The subsequent Securities Exchange Act of 1934 (15 U.S.C. § 78d) regulates sales of securities in the secondary market. Section 4 of the 1934 act created the U.S. Securities and Exchange Commission to enforce the federal securities laws; both laws are considered parts of Franklin D. Roosevelt's New Deal raft of legislation. The Securities Act of 1933 is also known as the "Truth in Securities Act" and the "Federal Securities Act”, or just the "1933 Act." Its goal was to increase public trust in the capital markets by requiring uniform disclosure of information about public securities offerings. The primary drafters of 1933 Act were Huston Thompson, a former Federal Trade Commission (FTC) chairman, and Walter Miller and Ollie Butler, two attorneys in the Commerce Department's Foreign Service Division, with input from Supreme Court Justice Louis Brandeis. For the first year of the law's enactment, the enforcement of the statute rested with the Federal Trade Commission, but this power was transferred to the SEC following its creation in 1934. (Interestingly, the first, rejected draft of the Securities Act written by Samuel Untermyer vested these powers in the U.S. Post Office, because Untermyer believed that only by vesting enforcement powers with the postal service could the constitutionality of the act be assured.) The law requires that issuing companies register distributions of securities with the SEC prior to interstate sales of these securities, so that investors may have access to basic financial information about issuing companies and risks involved in investing in the securities in question. Since 1994, most registration statements (and associated materials) filed with the SEC can be accessed via the SEC’s online system, EDGAR. The Securities Exchange Act of 1934 is also known as "the Exchange Act" or "the 1934 Act". This act regulates secondary trading between individuals and companies which are often unrelated to the original issuers of securities. Entities under the SEC’s authority include securities exchanges with physical trading floors such as the New York Stock Exchange (NYSE), self-regulatory organizations (SROs) such as the National Association of Securities Dealers (NASD), the Municipal Securities Rulemaking Board (MSRB), online trading platforms such as the NASDAQ Stock Market (NASDAQ) and alternative trading systems (ATSs), and any other persons (e.g., securities brokers) engaged in transactions for the accounts of others. President Roosevelt appointed Joseph P. Kennedy, Sr., father of President John F. Kennedy, to serve as the first Chairman of the SEC, along with James M. Landis (one of the architects of the 1934 Act and other New Deal legislation) and Ferdinand Pecora (Chief Counsel to the United States Senate Committee on Banking and Currency during its investigation of Wall Street banking and stock brokerage practices). Other prominent SEC commissioners and chairmen include William O. Douglas (who went on to be a U.S. Supreme Court justice), Jerome Frank (one of the leaders of the legal realism movement), and William J. Casey (who later headed the Central Intelligence Agency under President Ronald Reagan). https://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission
Views: 1733 Remember This
In the United States under the Securities Act of 1933, any offer to sell securities must either be registered with the United States Securities and Exchange Commission (SEC) or meet certain qualifications to exempt them from such registration. Regulation D (or Reg D) contains the rules providing exemptions from the registration requirements, allowing some companies to offer and sell their securities without having to register the securities with the SEC. A Regulation D offering is intended to make access to the capital markets possible for small companies that could not otherwise bear the costs of a normal SEC registration. Reg D may also refer to an investment strategy, mostly associated with hedge funds, based upon the same regulation. The regulation is found under Title 17 of the Code of Federal Regulations, part 230, Sections 501 through 508. The legal citation is 17 C.F.R. §230.501 et seq. On July 10th, 2013, the SEC issued new final regulations allowing public advertising and solicitation of Regulation D offers to accredited investors. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 4543 Audiopedia
Chief Information Office, Pamela Dyson, shares share insights on how the SEC utilizes the cloud to spur innovation within their organization. Learn more: https://aws.amazon.com/government-education/
Views: 230 Amazon Web Services
The Securities and Exchange Commission is a regulatory group for financial advisers. Learn about the Securities and Exchange Commission, or SEC, with information from a financial planner in this free video on personal finance and the stock market. Expert: Chris Markowski Contact: www.watchdogonwallstreet.com Bio: Christopher Markowski is the founder of the financial planning firm, Markowski Investments. Filmmaker: Christopher Rokosz
Views: 2246 eHow
Hi, I am Dave Young from Cryptovest with another informational video on Security Tokens and what comes next. Before we go looking deeper into the many parts of the upcoming security market that looks to explode, to understand the players, the markets, the trends, it is quite essential to understand the basic SEC compliance rules and classifications . It is easy to take the next new platform’s whitepaper, telling you how easy they will make compliance but to understand the market, you need to know the underlying rules or the safe harbors. What are the four categories that a Security Token can choose from ? Regulation D - making the offering exempt from registration Regulation S - excluding the offering from US Regulations A+ - get registered with SEC for up to $ 50 million Regulation Crowd Fund - which is capped at $ 1.07 million And if you want you could have a hybrid of D + S for US and other markets. Regulation D - 504 or 506c - allowing you to talk to US investors without SEC registration and approval 504 - gives you exemption from SEC registration as long as you keep the annual figure raised below $ 5 million. So not too relevant for the new Securities Market on a grand scale. Investors will also be locked in for a minimum of 1 year. 506c - an exemption if you only deal with accredited investors which in simple terms means high value/high earning individuals worth over a million dollars. Again, investors are locked in for a minimum of 1 year. Even though the above might get SEC off your back, don’t forget that any state authorities might also have their own specific rules and come gunning for you, even if you are not registered there. If you take a look at the recent black comedy with Kraken Exchange calling New York State authorities a jilted lover, as they were still chasing them even after they deregistered and moved away, you can get a feel of the problems of zealous state regulators. Regulation S - don’t deal with Americans! If you have invested in ICOs, you are probably familiar with this, with the stringent KYC procedures to back it up but also you need to be showing active blocking of channels reaching US, ip filters etc. Of course if you chosing this option for Security Tokens you would need to pick a jurisdiction with good regulation or no-one is going to gamble their money just to get those elusive advantages. Regulation A+ - long procedure up to $ 50 million This is a lengthy procedure that requires a two year IPO-level CPA audit, many ICOs have previously applied for this but not many have achieved it. If achieved the tokens are not locked down for a year period. At present Prometheum are applying for approval for a $ 50 million ICO to launch a ICO trading platform and Gab are applying for permission to run a STO under the framework for a social network offering, also in the system is dexCoin (a decentralized competitor to uber), Mandala, a digital asset exchange, So hopefully you understand the basics a bit more and what a minefield dealing with regulations can be compared to the looser format of ICOs that has encouraged rapid growth, some explosive returns and many scams.
Views: 233 Cryptovest
Have more questions? Hire an attorney on UpCounsel today and Post a Job: https://www.upcounsel.com/jobs/new What Is Rule 144? The regulation gives a specific set of conditions that a shareholder must meet in order to sell unregistered, "restricted," or "controlled" securities in the public marketplace. For a shareholder to sell securities on the public stock market, the securities and sale need to be registered with the U.S. Securities and Exchange Commission (SEC).
Views: 521 UpCounsel
Preparing for competition ??? watch brief video of SEBI. SOME MORE HELPFUL VIDEOS (MUST WATCH) : PANCHAYATI RAJ AND MUNICIPALITY IN INDIA https://youtu.be/-IbnQkJBH8c :UNIFIED PAYMENT INTERFACE || BHARAT INTERFACE FOR MONEY https://youtu.be/AcK1JpLwS9I : NATIONAL AUTOMATED CLEARING HOUSE (NACH) || NATIONAL FINANCIAL SWITCH (NFS) https://youtu.be/EQmu0ER-sz8 : NATIONAL PAYMENTS CORPORATION OF INDIA https://youtu.be/rksejwre_Q0 : THE INDIA MYANMAR LAND BORDER CROSSING AGREEMENT || TRILATERAL HIGHWAY || KALADAN TRANSPORT PROJECT https://youtu.be/CSCgDWXk9nc : LEMOA, COMCASA AND BECA https://youtu.be/lLdouE_EqdU : QUEEN ELIZABETH APPROVES BREXIT LAW.(ASSENT TO PM THERESA MAY) https://youtu.be/n8PdX9Gy9RY : PRESIDENT OF INDIA & GOVERNOR OF STATES https://youtu.be/qnkctRCEqhE : FINANCE COMMISSION OF INDIA https://youtu.be/BH3La6yFM00 : SHORT TRICK FOR SQUARE ROOT AND CUBE ROOT https://youtu.be/7KeHZZL2T08 : SHANGHAI COOPERATION ORGANISATION https://youtu.be/Js66O3v_sTA : COLLEGIUM SYSTEM https://youtu.be/MrwuNb56lcc : ATTORNEY GENERAL OF INDIA https://youtu.be/xFJt7S3LC9k : WORLD TRADE ORGANIZATION https://youtu.be/xXuYcKCIe5k : OPEC https://youtu.be/BMcjl4hYxJA : PLANNING IN INDIA (FIVE YEAR PLAN ) https://youtu.be/sDAiOFiwYrY : SCHEDULES OF INDIAN CONSTITUTION https://youtu.be/PFxX_BtUzjI : INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (IRDAI) https://youtu.be/xojTrXb4qTg : NOBEL PRIZE https://youtu.be/QWllevoNX_s : SEBI (SECURITIES AND EXCHANGE BOARD OF INDIA) https://youtu.be/kWOmKgmRGtE : LETS DO CALCULATION EASY https://youtu.be/1e3ZrKtfr9U : EFT, NEFT, RTGS, IMPS? https://youtu.be/FuxSISy919o : NITI AYOG https://youtu.be/GfDH28FAytk : G4 G7 G20 COUNTRIES https://youtu.be/RnmUjgBQzT8 : SAARC AND BIMSTEC https://youtu.be/60hoPSd_KOU : FDI & FII https://youtu.be/6It4mvxmcmo : INDUS WATER TREATY https://youtu.be/KqeI5mqc7ww : RBI AND ITS FUNCTION https://youtu.be/rY6nbTxzLDs : BRICS https://youtu.be/1iKe8bCcw88 : CPEC https://youtu.be/tbjm48jv8rg : ISRO https://youtu.be/cVD9WblyYWs : MTCR https://youtu.be/wq3JxLrvoZM : NPT & NSG https://youtu.be/0QMnJHePZCE : NITI FORUM FOR NORTH EAST. https://youtu.be/V8TQ4lN7k6w : UNITED NATIONS (PART-1) https://youtu.be/NptpOG93IIY : UNITED NATIONS (PART-2) https://youtu.be/5cRrkTyQd4Q : HOW INDIAN RUPEE VALUE IS DETERMINED? https://youtu.be/K0oNbyjdEMc : WORLD BODIES (G4,G7,G20 NATIONS) https://youtu.be/RnmUjgBQzT8
Views: 29423 Deep Talks
Cryptocurrency Regulations - Should the SEC Regulate Get Tubebuddy: https://bit.ly/2ALbosU Watch the Crypto Passive Income Strategy Course: https://bit.ly/2RDH610 Subscribe to our Channel: https://goo.gl/ogWmRC Join Our Bitcoin Passive Profits Community : https://forms.aweber.com/form/75/120106775.htm Get Cryptotab Browser: https://bit.ly/2qv0gL2 Earn with Cointiply Faucet: https://bit.ly/2D3uqg2 Earn with Adbtc Paid to Click Network: https://bit.ly/2ANZY8f Earn with Moonbitcoin Faucet: https://bit.ly/2APWWAl Earn with Freebitcoin Faucet: https://bit.ly/2JELx94 To make withdraws into USD set up a Coinbase Account: https://www.coinbase.com Please subscribe to my channel and leave a comment below. Do not consider my content as anything other than Satire. This is for your entertainment. Not investing advice.
Views: 153 Crypto Wealth
It is getting easier for small time investors to purchase stocks in the United States. Whether you are a small investor or a large investor, you are covered by federal securities laws. There are many important federal securities laws that govern all aspects of securities trading. There are also regulatory agencies such as the Securities and Exchange Commission (SEC) that issue regulations, investigate and make decisions regarding violations of security law. To learn more about securities laws and regulations visit http://www.lawinfo.com/securities.html
Views: 321 lawinfo
This video production is presented by London View Chambers, a set of Barristers' Chambers that is headquartered in London. The Barristers at London View Chambers specialise, amongst other areas of law, in financial regulation and compliance in European, North American and Asian continents. The Securities and Exchange Commission of Pakistan is the regulator of corporate sector, capital markets, insurance sector and Non-bank Finance Corporations (NBFCs) in Pakistan. SECP is a large organisation with an array of departments and has an army of staff. It is getting even bigger, more efficient and more organised. This video explains SECP's structure, the hierarchy of its officers, the working of various departments and their inter-relationship. A production of LONDON ART & MEDIA
Views: 3806 London View Chambers
See Securities and Exchange Commission for other similarly named organizations in other countries The Securities and Exchange Commission is the agency of the Government of the Philippines responsible for regulating the securities industry in the Philippines. The SEC is an agency within the Office of the President of the Philippines. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 3064 Audiopedia
The SEC updated Rule 506 of Regulation D on Nov 27th, 2017. Granted this video is a little old, I think it has been overlooked within the community. This is amazing information for any new or ongoing ICO within the United States. We could see a brand new kind of KYC come about where these projects start requesting your bank statements or verify your financial well being and ensure that you are an accredited investor for the project at hand. Here are some key points from this ruling that was just recently updated: 1. Companies relying on the Rule 506 exemptions can raise an unlimited amount of money. 2. The company must be available to answer questions by prospective purchasers. 3. Companies that comply with the requirements of Rule 506(b) or (c) do not have to register their offering of securities with the SEC 4. File a Form D (includes the names and addresses of the company’s promoters, executive officers and directors, and some details about the offering, but contains little other information about the company. ) You can find the original article here: https://www.sec.gov/fast-answers/answers-rule506htm.html ---------- Crypto News TV Information ---------- **Crypto News TV Telegram Chat** http://bit.ly/2nokwzk **FREE $10 in Bitcoin on Coinbase** http://bit.ly/2ipXsdU **Receive FREE Bitcoin 100% Free** http://bit.ly/2jDB0hL **Cryptocurrency Podcast on iTunes** http://apple.co/2mNKdZT Contact Info: Website: https://cryptonewstv.com/ IG: https://www.instagram.com/cryptonewstv/ Donations: BTC: 171SaTtfo6byG3QYCkh8twyu7koDbHuM4J ETH: 0xA51829b418FEdBeadbdc90cc3474026e46EaDC1e NEO: AQ9iBvwu3hwzmdKR5D3ejg2suHQXrbMFcL
Views: 919 Crypto News
At first, the SEC came out and seemed quite relaxed about the whole thing. As banks and governments start to fear more and more their power potentially escaping them. They grasp at the straws of the fraud and scam tokens who are using ICO covers for scams. Things like Bit connect went on as an obvious scam for a long time while all of us made clear, Ponzi schemes are easy to spot, and that it was up to the media and news to cover these topics, not regulators! This space is evolving so fast, it seems impossible these archaic systems will ever keep pace with a growing economy globally. As the story opens up and we find our places, we learn to act accordingly. Hard learned lessons are never solved by regulation. Prohibition should have emphasized this. The Securities Exchange Commission is making it self-useful buy cold calling these companies. Welcome to 2018 Thank you for joining the journey into the crypto-based asset classes that are growing. 🐻 Never Miss a Live Show; Subscribe & Hit the 🔔 👍 Thank You For Watching And Sharing! ▪️ Join the conversation Telegram! https://t.me/arcanebear ▪️ Visit our website: http://arcanebear.com/ ▪️ Find us on Youtube: https://www.youtube.com/c/arcanebear ▪️ Steemit: http://www.steemit.com/@thearcanebear ▪️ Linkedin: https://www.linkedin.com/in/the-arcane-bear-293496133/ ▪️ Google :https://plus.google.com/115262570276124962096 ▪️ Twitter: https://twitter.com/thearcanebear ▪️ Instagram: https://www.instagram.com/thearcanebear/ Proudly Powered by: ▪️ Pillar Project: https://pillarproject.io - Cloakcoin: http://cloakcoin.com Keep your Cryptos Secure With A Hardware Wallet: Ledger: https://arcanebear.com/product/ledger-nano/ Trezor: https://arcanebear.com/product/trezor-wallet/ Keepkey: https://arcanebear.com/product/keep-key/ These are MY ideas, and I am presenting them here for entertainment/analysis purposes ONLY, you MUST do YOUR OWN due diligence before investing in ANY CC's,digital assets or ICOs; Understand the Risks.
Views: 2063 Arcane Bear
In this video we talk about cryptocurrency regulations by the US Securities and Exchange Commission (SEC) and how this will affect cryptocurrency markets. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ GET YOUR HARDWARE WALLETS HERE! Trezor Multi-currency Wallet: https://www.amazon.com/gp/product/B07B8Q2G3K/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B07B8Q2G3K&linkCode=as2&tag=1976231-20&linkId=c9ccc0b26fdf1ef3387c50e974bf21b9 Ledger Nano S Multi-currency Wallet: https://www.amazon.com/gp/product/B01HKNQIPU/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B01HKNQIPU&linkCode=as2&tag=1976231-20&linkId=5b29bad8189ecef95c0cf239d9330a9f ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Click here to support what we do here while you trade or invest in cloud mining! Cloud mining sites: Hashflare: https://hashflare.io/r/7DD33751 Genesis Mining: Use this code to get 3% off your purchease and suppport what we do here: 3NznKw genesis-mining.com Trading sites: Coinbase: https://www.coinbase.com/join/58fed388a0b56050037b65e5 Binance: https://www.binance.com/?ref=28921536 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Useful links: ► Cryptocurrency Market Caps: https://coinmarketcap.com/ ► ICOAlert: https://www.icoalert.com/ ► Crypto Charting: https://www.tradingview.com/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Social Links: ► Twitter: https://twitter.com/ChainNews4 ► Instagram: instagram.com/chain_news/ ►Google+: https://plus.google.com/u/2/115317873004877301432 ►Fabecook: facebook.com/chainnwes ► Business Email: [email protected]
Views: 18 J&E Technology Innovations
Nadia Brannon - Member at Distributed Ledger Technology Working Group, SEC Nadia is an econometrician by training and is a certified fraud examiner. Prior to SEC, she was an executive director with Ernst & Young in San Francisco where she led forensic data analytics practice. Zachary Fallon - Special Counsel in the Office of Small Business Policy, SEC Zachary joined the SEC in 2009 as an Attorney-Advisor in the Office of the General Counsel, and most recently served as Senior Special Counsel to the Director of the Division of Corporation Finance. Victor Hong - Senior Counsel in the Division of Enforcement, SEC Victor has extensive experience investigating and litigating potential securities law violations. Beforehand, he was in private practice with a large New York law firm and a law clerk on the Second Circuit Court of Appeals. Scott Walker - Attorney-Advisor in the Office of Compliance Inspections and Examinations, and member of Distributed Ledger Technology Working Group, SEC Scott's primary focus is on Investment Advisers and Investment Companies. Prior to his work as a regulator, Scott was a Corporate Counsel at Barclays and BlackRock.
Views: 1417 Blockchain at Berkeley
SEC Fake ICO - Set Regulations or fall behind - Ran Neu-Ner Set regulations for initial coin offerings — or the US may fall behind, says a crypto trader Digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin. Early bitcoin investor reveals which cryptocurrencies he would HODL or FODL Crypto trader Ran Neu-Ner told CNBC that the U.S. Securities and Exchange Commission needs to establish ICO (initial coin offerings) regulations — or risk stifling an entire American industry. "My fear is that the U.S.A. may actually be falling behind," Neu-Ner said on "Fast Money" Thursday evening. Neu-Ner, who is host of CNBC Africa's "Crypto Trader" and the founder of OnChain Capital, has traveled extensively to places like Singapore and Japan, where he said ICOs, a crowdfunding way to raise funds for cryptocurrency ventures, are thriving. "I know [the SEC is] balancing investor protection with the need to grow an industry," said Neu-Ner, an early investor of cryptocurrency like bitcoin. Buy a Ledger Nano S the safest way to store your Crypto.. https://www.ledgerwallet.com/r/8592 Please help Support us: https://streamlabs.com/loveforcrypto Donate Xrp to support our channel Address rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh Tag 105766230 Thanks for your support. Buy Bitcoin Ethereum and Litecoin https://www.coinbase.com/join/5a4748edb77f48014c9d8694 $10 free with first $100 spent. Trade Cryptocurrency at Binance https://www.binance.com/?ref=11766176 buy a Trezor Wallet http://amzn.to/2FsnyHn Buy an Integral Crypto 8 wallet http://amzn.to/2DetbH2 Follow us on Twitter https://twitter.com/LoveForCrypto17 Instagram https://www.instagram.com/loveforcrypo17 Thanks for Watching.
Views: 489 Love For Crypto
Regulation A+ and Tier 1 and 2 Offerings- The new Regulation A+ actually divided Regulation A into two offering paths, referred to as Tier 1 and Tier 2. Tier 1 remains substantially the same as the old pre-JOBS Act Regulation A but with a higher offering limit and allowing more marketing. The old Regulation A was limited to offerings of $5 million or less in any 12-month period. The new Tier 1 has been increased to up to $20 million. Since Tier 1 does not pre-empt state law, it is really only useful for offerings that are limited to one but no more than a small handful of states. Tier 1 does not require the company to include audited financial statements and does not have any ongoing SEC reporting requirements. Tier 1 will likely not be used for a going public transaction. Both Tier I and Tier 2 offerings have minimum basic requirements, including issuer eligibility provisions and disclosure requirements. In addition to the affiliate resale restrictions, resales of securities by selling security holders are limited to no more than 30% of a total particular offering for all Regulation A+ offerings. For offerings up to $20 million, an issuer can elect to proceed under either Tier 1 or Tier 2. Both tiers will allow companies to submit draft offering statements for non-public SEC staff review before a public filing, permit continued use of solicitation materials after the filing of the offering statement and both use the EDGAR system for filings. Tier 2 allows a company to file an offering statement with the SEC to raise up $50 million in a 12-month period. Tier 2 pre-empts state blue sky law. The offering statement is a little less lengthy than a traditional IPO registration, though a Form S-1 format is permitted and is even required if the company intends to become subject to the full SEC reporting requirements or seek a listing on a national exchange. The SEC review process is a little shorter, and a company can market in a way that it cannot with a traditional IPO. The trade-off is that Regulation A+ is limited in dollar amount to $50 million, there are specific company eligibility requirements, and there are investor qualifications and associated per-investor investment limits. Also, the process is not inexpensive. Attorneys’ fees, accounting and audit fees and, of course, marketing expenses all add up. A company needs to be organized and ready before engaging in any offering process. Even though a lot of attorneys, myself included, will provide a flat fee for the process, that flat fee is dependent on certain assumptions, including the level of organization of the company. #LegalAndComplianceLLC
Views: 707 LawCast with Laura Anthony, Esq.
Georgia Quinn, General Counsel at CoinList, moderated a panel on regulations at the Security Token Industry Launch Event. The panel consisted of securities attorneys. You’ll hear from David Felsenthal, Partner at Clifford Chance; Troy Paredes, Founder of Paredes Strategies LLC and Lee Schneider, General Counsel at block.one. Topics included: -The Howey Test -How to identify a security token -Government regulations in the U.S. and around the world -The role of the U.S. Securities and Exchange Commission -Blockchain technology The panel discussion took place at Security Token Industry Launch Week during an event produced by the Security Token Academy. Learn more at SecurityTokenAcademy.com
Views: 6177 Security Token Academy
Former SEC Chairman Harvey Pitt discusses how world policy issues and government regulations impact the markets and businesses in the U.S.
Views: 329 Fox Business
Under Cox's leadership, the SEC on September 17 and 18, 2008, imposed a variety of both permanent and emergency restrictions on short selling in response to the liquidity crisis. Abusive naked short selling, in which the seller intentionally fails to deliver the shares sold short in time for settlement, was banned outright, an exception for options market makers that had been in place for several years was eliminated, and a new anti-fraud provision, Rule 10b-21, was adopted to give specific enforcement authority in such cases. In September 2008, short selling of 799 financial stocks was temporarily curtailed in response to rumors accompanied by heightened short selling activity in the shares of major financial institutions. On September 26, 2008, Cox ended the 2004 program for voluntary regulation of investment bank holding companies, begun under SEC Chairman William Donaldson and then-Director of Market Regulation (later SEC Commissioner) Annette Nazareth. The program "was fundamentally flawed from the beginning, because investment banks could opt in or out of supervision voluntarily," Cox said. A critical report by the SEC inspector general that evaluated the program in light of the Bear Stearns near-failure in March 2008 found that while "Bear Stearns was compliant with the capital and liquidity requirements" at the time of its acquisition, "its collapse raises serious questions about the adequacy of these requirements." However, according to the Inspector General, his report "did not include a determination of the cause of Bear Stearns' collapse" or determine "whether any of these issues directly contributed to Bear Stearns' collapse." On that subject, the report stated, "we have no evidence linking these significant deficiencies with the cause of Bear Stearns' collapse." Cox criticized the oversight program on the ground that because of its voluntary nature and the SEC's limited statutory authority, the agency could not force changes in the hundreds of unregulated subsidiaries of large investment banks such as Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Stearns as bank regulators could do with bank holding companies. In testimony before Congress on several occasions in 2008, he asked for statutory authority to regulate investment bank holding companies. In addition to the fact that the Gramm-Leach-Bliley Act did not give the SEC the authority to regulate large investment bank holding companies, Cox noted that investors were vulnerable to other regulatory gaps such as the fact that the $60 trillion market for credit default swaps was then completely unregulated. "Neither the SEC nor any regulator has authority even to require minimum disclosure", he said. In testimony and public statements he urged Congress to enact remedial legislation. Cox said that during the buildup of the credit crisis, when the credit rating agencies were still unregulated, they gave top credit ratings to financial instruments which packaged risky loans and spread the negative impacts of the credit crisis more broadly throughout the markets. Following the first-time SEC registration of the credit rating agencies in September 2007 under newly enacted legislative authority, he ordered a 10-month examination of the three major rating agencies that uncovered significant weaknesses in their ratings practices for mortgage-backed securities and that called into question the impartiality of their ratings. The results were reported to Congress in July 2008. The SEC immediately commenced a rulemaking which concluded on December 3, 2008 with approval of a series of measures to regulate the conflicts of interests, disclosures, internal policies, and business practices of credit rating agencies. The regulations were intended to ensure that firms provide more meaningful ratings and greater disclosure to investors concerning collateralized debt obligations and residential mortgage-backed securities. https://en.wikipedia.org/wiki/Christopher_Cox
Views: 212 Way Back
http://www.learntotrade.tv/ The U.S. Securities and Exchange Commission, or, SEC is an agency of the United States federal government. It holds primary responsibility for enforcing the federal securities laws, and regulating the securities industry, the nation's stock and options exchanges, and other activities and organizations.
Views: 196 Learn To Trade
SEC Regulation S-K- The topic of disclosure requirements under the Securities Exchange Act of 1934 (“Exchange Act”) and in particular the requirements under Regulation S-K has come to the forefront over the past two years and has been a regular topic of industry discussion, recommendations and review. On April 15 2016 the SEC issued a 341 page concept release and request for public comment on sweeping changes to certain business and financial disclosure requirements in Regulation S-K. Prior to that in September 2015 the SEC Advisory Committee on Small and Emerging Companies met and finalized its recommendation to the SEC regarding changes to the disclosure requirements for smaller publicly traded companies. In March 2015 the American Bar Association submitted its second comment letter to the SEC making recommendations for changes to Regulation S-K. In early December 2014, the House passed the Disclosure Modernization and Simplification Act of 2014, following which it was bundled into the FAST Act and passed into law on December 4 2015. The Disclosure Modernization and Simplification Act of 2014 became Sections 72001-72003 of the FAST Act. The Disclosure Modernization and Simplification Act of 2014 requires the SEC to adopt or amend rules to: (i) allow issuers to include a summary page to Form 10-K; and (ii) scale or eliminate duplicative, antiquated or unnecessary requirements for Emerging growth companies, accelerated filers, smaller reporting companies and other smaller issuers in Regulation S-K. In addition, the SEC is required to conduct a study within one year on all Regulation S-K disclosure requirements to determine how best to amend and modernize the rules to reduce costs and burdens while still providing all material information. The FAST Act gave the SEC a 180 day deadline to issue rules and regulations implementing the changes. The FAST Act requests that the SEC emphasize a “company by company approach that allows relevant and material information to be disseminated to investors without boilerplate language or static requirements while preserving completeness and comparability of information across registrants” and “evaluate methods of information delivery and presentation and explore methods for discouraging repetition and the disclosure of immaterial information.” This approach is thought of as a principled approach with a concentration on materiality as opposed to just filling in line item information whether relevant or not to a particular company. It is believed, and I completely agree, that simply providing required line item disclosures, that are not relevant to a particular company, dilutes the material important information regarding that particular company and has the unintended consequence of weakening necessary disclosure to potential investors and the public trading markets. Even before the FAST Act, in May 2015, General Electric filed its annual 10-K with a complete make-over from prior years. GE’s 10-K, the first like it, is full of colorful charts and graphics and has scaled down narrative from what was once a virtually incomprehensible document. GE worked with the SEC on the new 10-K utilizing the materiality approach. Regulation S-K... Laura Anthony, Esq. Founding Partner Legal & Compliance LLC. 330 Clematis Street, Ste. 217 West Palm Beach, FL 33401 Phone: Toll Free: (800) 341-2684 FREE Local: (561) 514-0936 Email: [email protected] #LawCast
Views: 539 Anthony L.G., PLLC A Corporate Law Firm
Do you want to try networking? Here is a checklist of the things you need to know before investing your money. (Date aired: August 24, 2015) GMA News Online: http://www.gmanews.tv Facebook: http://www.facebook.com/gmanews Twitter: http://www.twitter.com/gmanews
Views: 655 GMA News
September 5, 2017 Hosted by: the Institute for Corporate Governance and Finance, the Program on Corporate Compliance and Enforcement, and the Pollack Center Panelists: Jay Clayton, Chairman, Securities and Exchange Commission Stephanie Avakian, Co-Director, Division of Enforcement Steven Pekin, Co-Director, Division of Enforcement Peter Driscoll, Acting Director, Office of Compliance Moderators: Jennifer Arlen, Norma Z. Paige Professor of Law, Co-Director, Program on Corporate Compliance and Enforcement Edward Rock, Professor of Law, Director, Institute for Corporate Governance and Finance
Views: 701 NYU School of Law
Daniel M. Gallagher, a commissioner of the U.S. Securities and Exchange Commission, delivers the keynote address at "The 1940 Acts at 75: Reflecting on the Past, Present and Future Regulation of Investment Companies and Investment Advisers." Sponsored by the Virginia Law & Business Review, the event was run in partnership with the Investment Company Institute and the John W. Glynn, Jr. Law & Business Program. (April 10, 2015, University of Virginia School of Law) More at http://www.law.virginia.edu/html/news/2015_spr/lawbusiness.htm
Views: 491 University of Virginia School of Law
Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission This is a video I believe anyone investing or getting into cryptocurrency should watch, understand, and learn. This meeting alone has been one of the reasons that nearly all cryptocurrencies are rising. The government can not regulate and is having problems with their own internal guidelines and rules for stocks, bonds, 401k, currency, and a whole bunch more. Why are they getting their hands into cryptocurrency? They do not have anything under control now. Should they start regulating Pokemon Cards as well? Some really good points being brought up for example with Russia and India wanting to create their own Cryptocurrency how will the United States try and regulate it. (Kinda funny the USA regulating a Russian or Indian currency... Good luck) I get the primary concern is ICO and Money Laundering. But it seem the US is about to go toe to toe with other countries and trying to enforce their regulation. No one controls Bitcoin and to them they think of this as an opportunity to tax people and make money. But they are finding out their hands are tied and no one supports what they want. Things are looking good for Bitcoin and Blockchain Technology. ---------- Crypto News TV Information ---------- **Crypto News TV Telegram Chat** http://bit.ly/2nokwzk **FREE $10 in Bitcoin on Coinbase** http://bit.ly/2ipXsdU **Receive FREE Bitcoin 100% Free** http://bit.ly/2jDB0hL **Cryptocurrency Podcast on iTunes** http://apple.co/2mNKdZT Contact Info: Website: https://cryptonewstv.com/ IG: https://www.instagram.com/cryptonewstv/ Donations: BTC: 171SaTtfo6byG3QYCkh8twyu7koDbHuM4J ETH: 0xA51829b418FEdBeadbdc90cc3474026e46EaDC1e NEO: AQ9iBvwu3hwzmdKR5D3ejg2suHQXrbMFcL
Views: 1193 Crypto News
The purpose of this video to provide information about the different agencies that want to regulate the cryptocurrency markets. Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann Bit.tube: RealCryptoTips Check out the new hardware wallet Ellipal HERE: https://order.ellipal.com/?ref=5c08236b8e68e Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d SEC: https://www.sec.gov/Article/whatwedo.html Security Definition: https://www.investopedia.com/terms/s/security.asp Commodities Futures Trading Commission: https://www.cftc.gov/About/MissionResponsibilities/index.htm Commodity Definition: https://www.investopedia.com/terms/c/commodity.asp History of fraud: https://www.cbsnews.com/media/top-14-financial-frauds-of-all-time/ SEC TakeDowns: https://www.moneycrashers.com/securities-exchange-commission-sec-history-fraud/
Views: 1307 Crypto Tips
United States Congress enacted the Securities Act of 1933 (the 1933 Act, the Securities Act, the Truth in Securities Act, the Federal Securities Act, or the '33 Act, Title I of Pub. L. 73-22, 48 Stat. 74, enacted May 27, 1933, codified at 15 U.S.C. § 77a et seq.), in the aftermath of the stock market crash of 1929 and during the ensuing Great Depression. Legislated pursuant to the interstate commerce clause of the Constitution, it requires that any offer or sale of securities using the means and instrumentalities of interstate commerce be registered with the SEC pursuant to the 1933 Act, unless an exemption from registration exists under the law. "Means and instrumentalities of interstate commerce" is extremely broad, and it is virtually impossible to avoid the operation of this statute by attempting to offer or sell a security without using an "instrumentality" of interstate commerce. Any use of a telephone, for example, or the mails, would probably be enough to subject the transaction to the statute. The 1933 Act was the first major federal legislation to regulate the offer and sale of securities. Prior to the Act, regulation of securities was chiefly governed by state laws, commonly referred to as blue sky laws. When Congress enacted the 1933 Act, it left existing state securities laws ("blue sky laws") in place. The '33 Act is based upon a philosophy of disclosure, meaning that the goal of the law is to require issuers to fully disclose all material information that a reasonable shareholder would require in order to make up his or her mind about the potential investment. This is very different from the philosophy of the blue sky laws, which generally impose so-called "merit reviews." Blue sky laws often impose very specific, qualitative requirements on offerings, and if a company does not meet the requirements in that state then it simply will not be allowed to do a registered offering there, no matter how fully its faults are disclosed in the prospectus. Recently, however, NSMIA added a new Section 18 to the '33 Act which preempts blue sky law merit review of certain kinds of offerings. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 10549 Audiopedia
Rep. Stivers speaks on the House floor to discuss how costly and burdensome regulations enforced by the Securities and Exchange Commission are making it difficult for local governments to raise money for projects in their communities.
Views: 97 RepSteveStivers
Business Law II: Professor Sharma Lecture #9, Chapters 41 & 42 Chapter 41: Investor Protection, E-Securities, and Wall Street Reform & Chapter 42: Ethics and Social Responsibility of Business Date: April 18, 2015 Please visit our website at http://raw.rutgers.edu Time Stamps: 0:23 Securities and Exchange Commission (SEC) 3:39 Definition of a Security 4:37 Initial Public Offering: Securities Act of 1933 14:08 Securities Exempt from Registration 15:17 Transactions Exempt from Registration 27:10 Sarbanes-Oxley Act 30:22 Securities Exchange Act of 1934 31:48 Section 10(b) and Rule 10b-5 34:46 Violations of 1934 Act 39:26 Case 41.1: Insider Trading 44:15 Short-Swing Profits 46:43 Section 16(b) 48:07 State Securities Laws 48:47 Law and Ethics 51:58 Moral Theories of Business Ethics 52:48 Summary of Moral Theories 54:50 Social Responsibility of Business 56:48 Theories of Social Responsibililty 57:33 Maximizing Profits 58:59 Case 42.1: U.S. Supreme Court Business Ethics 1:00:40 Moral Minimum 1:05:58 Case 42.2: U.S. Supreme Court Corporate Political Speech and Ethics 1:08:28 Corporate Citizenship Summary of Lecture: The Securities and Exchange Commission is a federal administrative agency empowered to administer federal securities laws. A common security are interests or instruments that is common stock, bond, debenture or warrant. A statutorily defined security is an interest or instrument mentioned in securities acts. Investment contract is a flexible standard for defining a security. The Securities Act of 1933 primarily regulates the issuance of securities by a corporation, limited partnerships, and associations. Nonissuer exemption are security transactions not made by the issuer, and do not have to be registered with the SEC. Intrastate offering exemption permits local businesses to raise capital from local investors without registering with SEC. Private placement exemption permits issuers to raise capital from unlimited number of accredited investors without registering with SEC. The law permits no more than thirty-five nonaccredited investors to purchase securities. Small offering exemption permits sale of securities not exceeding $1 million during twelve-month period. The Sarbanes-Oxley Act establishes rules for separation of investment banking and securities advice functions of securities firms to eliminate conflicts of interest. The Securities Exchange Act of 1934 primarily regulates trading in securities, provides for registration of companies with SEC, filing of periodic reports by companies, and regulation of security exchanges, brokers, and dealers. A statutory insider is a person who is an executive officer, director, or a 10-percent shareholder of an equity security of the company. Ethics are a set of moral principles or values that governs the conduct of an individual or group. Social Responsibility of Business is a theory that requires corporation and businesses to act with awareness of the consequences and impact that their decisions will have on others. Please subscribe to our channel to get the latest updates on the RU Digital Library. To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
Views: 3430 Rutgers Accounting Web
Watch the full interview of Securities and Exchange Commission (SEC) Chairperson Teresita Herbosa as she discusses the ruling of their office in revoking the license of controversial online news agency, Rappler due to violation of foreign ownership rules. For more videos: http://www.untvweb.com/video/ For News Update, visit: http://www.untvweb.com/news/ Check out our official social media accounts: http://www.facebook.com/UNTVNewsRescue http://www.twitter.com/untvnewsrescue https://www.youtube.com/UNTVNewsandRescue Instagram account - @UNTVLife Feel free to share but do not re-upload.
Views: 16886 UNTV News and Rescue
The Security Token Academy held its fourth meetup in Southern California. It took place inside Maggiano’s at The Grove in Los Angeles. Security Token Academy host Amy Wan, discusses the latest rulings by the Securities Exchange Commission with Marc Boiron, attorney at FisherBroyles, LLP. You’ll hear him discuss the recent SEC ruling involving messaging app KIK, offshore rulings and more in this expert interview. Learn more at https://www.securitytokenacademy.com/
Views: 131 Security Token Academy
http://www.fintechworld.com Georgia P. Quinn is the CEO and co-founder of iDisclose, an adaptive web-based application that enables entrepreneurs to prepare customized institutional grade private placement documents for a fraction of the time and cost.Heralded by Thomson-Reuters as a Top Female Attorney in New York City,she also serves as of counsel at the leading firm in crowdfunding, Ellenoff, Grossman & Schole,specializing in facilitating financial transactions and compliance with JOBS Act regulations. A foremostexpert in corporate finance, she has worked on over $1 billion in business transactions over the course of her legal career. Prior to founding iDisclose, Georgia representedseveral Fortune 500 companies in financings for six years at Weil, Gotshal & Manges, one of the top ten law firms in the world, and then for over two years at Seyfarth Shaw, a leader in legal technology. As a globally recognized thought the leader in the crowdfunding space, she has been a featured speaker at multiple conferences and has presented to such authorities as the Securities and Exchange Commission (SEC) and the American Bar Association (ABA).
Views: 1185 Fintech World
The Securities and Exchange Commission (SEC) will urgently impose regulations for initial coin offering (ICO) and cryptocurrency. The regulations are expected to take effect within the first quarter this year.
Views: 15 NBT WORLD
Views: 891 silvertooth
The 2008 global financial crisis destroyed more than $10 trillion in global wealth. In response, global regulators put in place a number of reforms to enhance the stability of the global financial system. Undoubtedly the banking system is more resilient. But with added additional compliance comes increased costs and other unintended or undesirable consequences. This session will examine how regulations that enhance stability may involve a growth trade off, and how policymakers can create balanced solutions. Moderator Kadhim Shubber U.S. Legal and Enforcement Correspondent, Financial Times Speakers Jiří Król Deputy CEO, Alternative Investment Management Association (AIMA) Brent McIntosh General Counsel, U.S. Department of the Treasury Scott O'Malia CEO, International Swaps and Derivatives Association, Inc. Michael Piwowar Executive Director, Center for Financial Markets, Milken Institute; former Commissioner, U.S. Securities and Exchange Commission #GreatRecession #FinancialRegulation #FinancialCrisis
Views: 406 Milken Institute
On Thursday, hours after a federal judge ordered him and the regulator to justify their settlement of securities fraud charges, Tesla CEO Elon Musk mocked the U.S. Securities and Exchange Commission. Musk wrote on Twitter, "Just want to say that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!” According to Reuters, the settlement is intended to resolve charges that Musk misled investors in tweets earlier this month, including that there was “funding secured” to take Tesla private. Musk has since agreed to pay a $20 million fine, and step down as Tesla’s chairman for the next three years. http://feeds.reuters.com/~r/reuters/topNews/~3/MBoy3FXuTeg/teslas-musk-ordered-to-defend-fraud-settlement-takes-aim-at-sec-idUSKCN1ME2CC http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
Views: 113 Wochit News
SEC Issues Regulation A+ Guidance- The new Regulation A+ rules took effect on June 19, 2015. Tier I of Regulation A+ allows for a raise of up to $20 million in any 12-month period and Tier 2 allows a raise of up to $50 million in any 12-month period. Issuers may elect to proceed under either Tier I or Tier 2 for offerings up to $20 million. Today I am highlighting some final various important points related to Regulation A+ offerings. First, related to state law pre-emption - as mentioned a few times, Tier 1 offerings do not pre-empt state law and remain subject to state blue sky qualification. It is much easier both in terms of timing and process to begin the state blue sky process immediately upon filing the Form 1-A in reliance on the state’s “registration by coordination” programs, which coordinate with the SEC review process, rather than waiting until after the qualification of the Form 1-A to begin the state review process. The SEC has encouraged company’s to utilize the NASAA coordinated review program for the process. The NASAA coordinated review program centralizes the state review process through an NASAA representative and multi-state lead representative. Tier 2 offerings pre-empt state law and therefore do not require an additional state review process. However, such offerings are still subject to the state anti-fraud provisions and the state’s retain authority to investigate and prosecute fraudulent securities transactions. Second, Regulation A+ exempts securities in a Tier 2 offering from Section 12(g) registration as long as certain requirements are met, including that the company utilize an SEC registered transfer agent, remain current in their Tier 2 ongoing SEC reporting requirements and qualifies as a small business issuer . As a reminder Section 12(g) requires companies with assets exceeding $10million and securities held by 2,000 persons to register and report with the SEC. Third, securities sold in a Regulation A+ offering are freely tradeable. That is, they are not restricted under Rule 144. Fourth, Regulation A+ includes a limited safe harbor from integration with prior, concurrent or near term subsequent offerings by the same company. When different offerings integrate, all such offerings must meet all the eligibility requirements for relying on Reg A+ so this is an important consideration. Registered offerings, Rule 701 compensation plan issuances, employee benefit plan issuances or securities issued more than 6 months following the Reg A+ offering will not integrate. Finally, broker dealers that act as placement or marketing agents for Regulation A+ offerings will need to file and comply with FINRA under Rule 5110 related to underwriter compensation. Laura Anthony, Esq. Founding Partner Legal & Compliance LLC. 330 Clematis Street, Ste. 217 West Palm Beach, FL 33401 Phone: Toll Free: (800) 341-2684 FREE Local: (561) 514-0936 Email: [email protected] #LawCast
Views: 624 Anthony L.G., PLLC A Corporate Law Firm
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Views: 41 The Blockchain Bodybuilder