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The House of Representatives recently passed H.R. 4263 on March 15, 2018, titled the Regulation A+ Improvement Act. Regulation A+ is comprised of two separate tiers regarding offerings, titled Tier 1 and Tier 2. Both of these tiers detail several minimum requirements, that include issuer eligibility and disclosure requirements. Regulation A+ allows companies to raise
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On February 7, 2018, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) announced its annual examination priorities for 2018. The OCIE desires to ensure compliance by preventing fraud and managing risk. These 2018 policies will focus specifically on critical market infrastructure, retail investors, developments in cryptocurrency, initial coin offerings, and secondary
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A transfer agent is a company or financial institution that helps manage securities recordkeeping duties for private and public entities. Transfer agents perform many functions, including but not limited to: ensuring compliance with the Securities and Exchange Commission (SEC) following an initial public offering (IPO) or private placement, company merger/acquisitions, processing stock splits, administering shareholder
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In August of 2016, the SEC adopted the proposed amendments to the Investment Advisers Act, in addition to the investment adviser registration and reporting form, commonly known as Form ADV. These changes were designed to provide the public with additional information and disclosures, help investment advisers have more efficient reporting, and allow the SEC to
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On November 7th, the OTC Markets Group released a new stock promotion policy. This policy aims to improve the overall market transparency for investors, while addressing the issue of misleading, manipulative, or fraudulent stock promotion. Market Transparency and Fraudulent Promotional Campaigns The wide use of digital media has allowed companies to interact and reach investors
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Rule 15c6-1(a) – From T+3 to T+2 In March 2017, the Securities and Exchange Commission (SEC) amended Rule 15c6-1(a), shortening the settlement cycle from T+3 to T+2. The “T” in “T+2” and “T+3” stands for transaction date, the date that a transaction occurs. T+ (1, 2 or 3) represents the settlement date, the date that
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One of the common issues that small businesses encounter is the challenge of finding the funds to invest and grow. This is particularly problematic for an entrepreneur or a startup business, that may not be as well-known or may not have built a strong reputation. An equity crowdfunding solution may be the ideal match for your
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On June 8, 2017, the House of Representatives passed the Financial CHOICE Act  (“Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs”). The act regulates banking institutions’ qualifying capital through numerous exemptions and policies. Further, the act repeals the Financial Stability Oversight Council’s authority while overhauling multiple parts of the Dodd-Frank Act. The act proposes to
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EDT
Introduction At the beginning of his opening remarks in May of 2017, SEC Commissioner Michael Piwowar expressed that he was happy to be involved in the SEC-NYU dialogue in which he shared his views on the IPO market. Piwowar has a thorough background in economics, politics, and finance – including an employment history in economics,
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EDT
In our contemporary society, software has been created for every imaginable need, both professionally and personally. There are programs for accountants, financial planners, engineers, architects, and many other careers. Now, there is also a stock option software program for companies that offer stock options to their employees, and the software is more popular than ever.
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On April 12, 2017, the Financial Industry Regulatory Authority (FINRA) published three regulatory notices proposing amendments to three of their rules regarding capital formation, corporate financing, and safe harbor, respectively. The first notice describes FINRA as a self-regulatory organization (SRO) with primary emphases on “investor protection” and “market integrity,” while striving to create and empower
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Trump has announced his nomination of Walter ‘Jay’ Clayton, a man who is leaning towards less regulation, to be the head of the U.S. Securities Exchange Commission. Donald Trump said of Clayton, “Jay Clayton is a highly talented expert on many aspects of financial and regulatory law, and he will ensure our financial institutions can thrive and
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EDT
There are certain basic features and powers that every corporation holds. One corporate power is the right to sell stock in exchange for ownership in the company.  The purchasers of the shares become owners and are also known as shareholders or investors. A shareholder can gain ownership through receiving stock grants, awards, and gifts. The
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After the Uniform Law Commission’s Revised Uniform Unclaimed Property Act (RUUPA) was released many states have proposed bills that relate to unclaimed property and escheatable assets. This includes Utah Senate Bill 175, which was recently proposed and contravenes the regulations established by RUUPA. Revised Uniform Unclaimed Property Act (RUUPA) RUUPA was approved by the Uniform
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President Trump issued executive order 13,772 on February 3, 2017, which aimed to regulate the U.S. financial system with a set of core principles. In response, the U.S. Department of the Treasury prepared a report titled, “A Financial System That Creates Economic Opportunities: Capital Markets”, to identify all laws and regulations that are either compliant
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Raising money from investors for your business involves understanding complex securities rules and regulations and federal and state filing requirements for proper compliance. Whether you own a small business or a large corporation, it is vital to consult an expert to ensure that you are compliant with all the necessary securities laws; these laws may
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EDT
Many companies and consultants help others comply with eXtensible Business Reporting Language (XBRL) formatting. You may not know everything about XBRL, but it’s a good idea to learn from your providers and experts about what to do and when. You will be more prepared and may make fewer mistakes in the future. Complying with XBRL
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EDT
Investing is an effective way that people can increase their monetary wealth. It allows people to generate a higher income and acquire funds that will help them protect their financial future going into retirement. The income they generate can even be set aside for their children, be distributed after they pass away, or when their
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Chairman Jeb Hensarling sponsored the Financial Choice Act (H.R. 5983) on September 13, 2016. This bill alters many parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act, as well as addressing long-standing and recent issues. Financial Policy Regulation Changes: Leverage Ratio Under a leverage ratio, all assets are treated the same regardless of
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