Mary Jo White is New SEC Chair: Any Chance Equity Crowdfunding Will Happen This 2013?
By David Drake After 3 months since being nominated by President Barack Obama, the U.S. Senate on Monday April 10 approved Mary Jo White as the new chairwoman of the Securities and Exchange Commission (SEC). How will this affect the final steps of implementing the last two laws of the JOBS Act? Our prediction [...]
JOBS Act: Interview with Scott Purcell, CEO of Arctic Island
By David Drake To probe the legal intricacies revolving around the JOBS Act and how these new laws might impact the crowdfunding scene in the next months leading to and right after the much-anticipated full implementation of crowdfunding for equity, David Drake spoke with Scott Purcell, CEO of Arctic Island. Drake:Scott, you are a co-founder [...]
SEC suggestion: Allow foreigners TINs to crowd invest in the US
SEC suggestion: Allow foreigners TINs to crowd invest in the US It will be a busy fall for The Soho Loft with partnerships with EFactor and the West Coast Wall Street Conference. The global events calendar is full-packed; it also covers an exciting University Series on Entrepreneurship focusing on crowd funding. FOR IMMEDIATE RELEASE [...]
Summary and Highlights: 2012 SEC Government-Business Forum on Small Business Capital Formation Program, SEC Headquarters, Washington, D.C., November 15, 2012 (Thursday)
Summary and Highlights: 2012 SEC Government-Business Forum on Small Business Capital Formation Program, SEC Headquarters, Washington, D.C., November 15, 2012 (Thursday) By David Drake Close to 200 people participated in the SEC public hearing on Small Business Capital Formation last Thursday. The morning workshop covered the JOBS Act implementation (which includes crowd funding) while the [...]
JOBS Act: Interview with Douglas Ellenoff of Ellenoff, Grossman & Schole LLP
JOBS Act: Interview with Douglas Ellenoff of Ellenoff, Grossman & Schole LLP By David Drake, LDJ Capital and The Soho Loft In this edition, David Drake consults with Douglas Ellenoff of Ellenoff, Grossman & Scholle LLP to probe the legal intricacies revolving around the JOBS Act – how these impacts the crowd funding scene in [...]
Obama’s 10 Steps with SEC & FINRA to Legalize US Equity Crowd Funding
Obama’s 10 Steps with SEC & FINRA to Legalize US Equity Crowd Funding By David Drake Crowd funding for equity won’t be ready till Q4 2013 at the earliest and my guess is that implementation will be closer to Q1 2014. Let me walk you through my thinking around this. SEC Chair Mary Schapiro will [...]
Summary and Highlights: 2012 SEC Government-Business Forum on Small Business Capital Formation Program, SEC Headquarters, Washington, D.C., November 15, 2012 (Thursday)
Summary and Highlights: 2012 SEC Government-Business Forum on Small Business Capital Formation Program, SEC Headquarters, Washington, D.C., November 15, 2012 (Thursday) By David Drake Close to 200 people participated in the SEC public hearing on Small Business Capital Formation last Thursday. The morning workshop covered the JOBS Act implementation (which includes crowd funding) while the [...]
Crowdfunding for Equity Solutions Series, #10: SEC Suggests – Bring Foreign Capital to the US via Crowdfunding
SEC suggests – Bring foreign capital to the US via crowd funding By David Drake Crowd funding had $1.5 billion in transactions in 2011. Because of the attention being given to the crowd funding bill, we are looking at a $3.2 billion market in 2012. Almost all of that projected market is currently happening [...]
Newsletter: Bring Foreign Capital to the US via Crowd Funding – SEC suggestion
Updates, Thanks and an Invitation Rumors are circulating that Chairman Mary Schapiro of SEC will resign after the elections. I would think she has received a little too much heat this year. While we are fervently working to make sure crowd funding for equity is not delayed as a new law, it does not seem [...]
Senator Merkley’s Letter to President Obama 7/26/2012 – supported by The Soho Loft
Senator Jeff Merkley (D-Oregon) wrote this letter addressed to President Obama on Thursday July 26, 2012. It is an excellent piece on what is needed for crowd fund investing to become an effective law – The Soho Loft supports this thorough outline of what is needed. Please share this letter. Statement for the Record [...]
