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The House Resolution 1675 for Capital Markets Improvement Act of 2016 passed on February 3, 2016 and is currently awaiting Senate approval. H.R. 1675 directs the SEC to revise its rules to increase the threshold amount, after which issuers are required to disclose certain information relating to compensatory benefit plans. This act includes 5 smaller
The Fixing America’s Surface Transportation Act (FAST Act) was signed into law on December 4, 2015 by President Barrack Obama. The FAST Act contains many securities related bills which required SEC guidance following the implementation of these new rules. The SEC released interim rules regarding two provisions of the FAST Act that will be effective
Do you have a great business idea but lack the funding to start your own company? Are you unable to secure enough money to maximize your company’s potential, even with financial backing from your bank? When starting a business, it is important to have adequate finances to ensure a promising future for your startup and
Equity-based crowdfunding enables entrepreneurs to access investors who are interested in raising capital for their startup or private businesses. Crowdfunding has evolved to become an accessible multidisciplinary means of raising capital for projects that cannot raise funds through traditional means or are not significant enough to gain the attention of banks and venture capitalists. The
What is a Stock Transfer Agent? When companies issue stocks, they must track transactions and keep accurate and up-to-date shareholder records. It can be very difficult to keep these records, maintain regulatory compliance, and ensure everything is done in the most efficient and accurate manner. Thus, many businesses turn to stock transfer services. When you
The Depository Trust and Clearing Corporation (DTC) recently proposed Rule SR-DTC-2015-012 regarding CUSIP eligibility that went into effect on January 1st, 2016. The proposed rule allows DTC to charge issuers a $1,000 fee when required to make a new CUSIP DTC eligible after completion of a corporate action. A CUSIP is similar to a serial
On August 5, 2015, the Securities and Exchange Commission adopted the pay ratio disclosure rule that requires public companies to disclose the ratio of CEO compensation to the median compensation of employees starting in 2017. Through this rule, companies will provide investors information to analyze a CEO’s compensation relative to the compensation of its employees
What Is a Proxy? A proxy refers to an agent who has the legal permission to act and carry out decisions on your behalf. A proxy agent also makes it possible for you to vote at the annual shareholder meeting even when you aren’t present. What Is Voting by Proxy? If you’re a shareholder and
Proposed Amendments Would Allow Regulation A Tier 2 Offerings for Listing on OTCQB The SEC’s amendments to Regulation A of the Securities Exchange Act became effective on 6-19-2015. If all requirements are met, Regulation A allows for smaller companies to offer and sell up to $50 million in equity in a one-year period while relying
Shareholders Can Gain a Better Understanding of Corporate Governance On April 29, 2015, the SEC proposed a ruling that would require corporations to disclose the relationship between executive pay and fiscal performance. SEC Chair Mary Jo White stated that the ruling would better inform shareholders of voting proposals set forth by companies and provide a
For many entrepreneurs, investing in a startup company is not possible because of their financial situation. Traditional types of investment (from banks, large corporations, through venture capital, etc.) are prohibitive to smaller investors; however, equity crowdfunding allows small-scale investors to grow their companies. Equity crowdfunding became possible after the JOBS Act, specifically Title lll of
The SEC issued a final ruling for smaller companies looking to obtain funding from external investors, known as Regulation A+. These rules are a revised and expanded implementation of Regulation A of the Securities Exchange Act. If eligible, smaller companies will be able to offer and sell as much as $50 million in equity in
Since October 2014, XBRL exhibits submitted by public companies have carried the same liability provisions as HTML filings under the anti-fraud provisions of the Securities Law. Rule 406T by the SEC requires filers to submit accurate XBRL filings with a “good faith effort” and to be held to the same standards of accuracy and quality
Program Will Provide “Combined Data Sets” for Use by Investors and Analysts In December, the SEC announced the unveiling of a program that will allow investors and analysts to have an easier time analyzing financial statements using XBRL. The data that public companies provide via XBRL will be pooled into structured data sets for external
On the second day of the year, U.S. House of Representatives failed to pass HR 37, “Promoting Job Creation and Reducing Small Business Burdens Act”. HR 37 would have exempted small public companies with under $250 million in annual revenue from filing in XBRL. The focus of the bill was to mitigate the costs public
The SEC believes that the crowdfunding regulations (Section 4(a)(6) of the Securities Exchange Act) would make it easier for small businesses to raise capital, who wouldn’t be able to otherwise, due to having smaller and more variable cash flows than larger businesses and a limited amount of working capital to obtain traditional bank loans. Accordingly,
Save Time and Money This Press Release Season with Colonial Stock Transfer! Are you weary of paying overage fees and would rather have a flat rate? Would you like to reduce the costs of nationwide coverage? Do you want to increase traffic to your website? By making Colonial Stock Transfer your press release and newswire
Colonial recently performed a side by side analysis of XBRL in 10-Q and 10-K filings submitted by our competitors. The analysis presents two examples where incorrect tags were placed and the potential remedies. Each example included different inconsistencies at different locations within the financial statements. As shown in the analysis, there could be many tags
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