On December 19, 2018, the U.S. Securities and Exchange Commission (the “Commission”) adopted final rules (the “Final Rules”) to allow Exchange Act reporting companies (“Reporting Companies”) to rely on Regulation A for their securities offerings. Prior to the adoption of the Final Rules, Reporting Companies…
The OTC Markets Group implemented new standards for companies planning to list on the OTCQB® Venture Market (OTCQB®) effective May 20, 2018 in order to improve the information and trading experience for investors. The OTCQB® is for early-stage and developing companies while the OTCQX® Best…
On May 24, 2018, President Trump signed the Economic Growth, Regulatory Relief and Consumer Protection Act (the Act) into law. The Act was introduced by Senator Mike Crapo, a Republican Senator from Idaho, in the United States Senate Committee on Banking, Housing and Urban Affairs…
On January 8, 2018, the OTC Markets Group issued a response letter to FINRA’s request for comments in which OTC Markets Group states that the “cumbersome operational processes around Rule 6432, and the related Rule 15c2-11 under the Securities Exchange Act of 1934 (SEA) unnecessarily…
The Regulation A+ Improvement Act of 2017 (the Act) was introduced on November 7, 2017 by Republican Thomas MacArthur and recently passed 246-170 votes with the overwhelming support of Republicans. Ready For Some Background? In mid-2015, the U.S. Securities and Exchange Commission (Commission) amended Regulation A…
Technology companies and advisors involved in cryptocurrencies have received a number of subpoenas and information requests from the U.S. Securities and Exchange Commission (SEC) during the last few weeks and they are alarmed. While the content of these subpoenas and information requests have generally remained…
You are reading this because you or someone you know wants to launch an Initial Coin Offering or Initial Token Offering (“ICO”) in 2018. You also may not know exactly how to get started but there is one thing you are absolutely certain of: you…
ICOs are on the rise and so are SEC Cyber Unit enforcement initiatives. Last week, I represented Bevilacqua PLLC at the Crowdfunder Educational Series “Introduction to Launching an ICO” at Expert DOJO in Santa Monica, California and heard from some subject matter experts. Following are…
This article was first published in the Fall 2016 edition of the MicroCap Review. It is being republished here with the permission of the editor. The original article can be viewed here. On June 19, 2015 amendments to Regulation A commonly known as Regulation A+…
I work with and for entrepreneurs. When they consider raising capital, I suggest several different options. Most recently, for certain clients, I recommend equity crowdfunding under Regulation Crowdfunding. In response, they ask: How much does it cost to raise money through equity crowdfunding? Followed by What is the likelihood…
