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The Securities Edge Securities Blog for Middle-Market Companies

Monthly Archives: June 2015

More Positive Regulation A News

Posted in Capital Raising

This week, the SEC published a series of new Compliance and Disclosure Interpretations (“CDIs”) related to the newly revised Regulation A, which became effective on June 19, 2015. While many of the new CDIs addressed procedural and interpretational issues under the new rules, there was an important development that could make Regulation A that much… Continue Reading

“A-Day” has finally arrived – Reg A+ goes into effect

Posted in Capital Raising

Today is June 19th.  It is an exciting day for companies that need to raise capital because Reg A+ finally goes into effect. As a reminder, Reg A+ is a nickname for SEC Regulation A, as amended by the SEC.  Reg A has been around for many years but was rarely used because it was… Continue Reading

First crowdfunding fraud enforcement action

Posted in Capital Raising

The first enforcement action involving a crowdfunding project was recently brought by the Federal Trade Commission. It involved the development of a board game which did not go well despite a successful crowdfunding campaign. This matter is interesting and instructive not only because it is the first such case, but also because it highlights some… Continue Reading

Warren vs. SEC

Posted in Bob's Upticks, SEC

Unless you’ve been off the grid, you’ve surely read about the kerfuffle between Senator Elizabeth Warren and SEC Chair Mary Jo White (here’s an example). It seems that Senator Warren is unhappy that the SEC, under Chair White’s leadership, hasn’t done enough. Specifically – among other things – it hasn’t adopted a bunch of rules… Continue Reading