In a new set of FAQs issued by staff, the SEC Division of Trading and Markets provided guidance for intermediaries offering services under Regulation Crowdfunding.
North American Securities Administrators Association President Mike Rothman testified before the House Committee on Financial Services on the impact of the JOBS Act on U.S. capital markets.
The SEC Division of Economic and Risk Analysis and the NYU Salomon Center for the Study of Financial Institutions hosted a "dialogue" on Regulation Crowdfunding.
The SEC Division of Economic and Risk Analysis and the NYU Salomon Center for the Study of Financial Institutions will host a "dialogue" to examine the effects of Regulation Crowdfunding on U.S. securities-based crowdfunding.
The House passed three financial services bills concerning: (i) angel investors, (ii) retail investor participation in crowdfunding, and (iii) the prevention of financial abuse of senior citizens.
The Financial Crimes Enforcement Network requested comment on proposed amendments to the definitions of "broker or dealer in securities" and "broker-dealer" under Bank Secrecy Act regulations. The proposed definitions would include funding portals that are involved in the offering or selling of crowdfunding securities.
FINRA issued two regulatory notices regarding its Funding Portal Rules; the notices provide background as to why the rules were adopted and guidance as to how to comply.
