At the birth of any new industry, the early players never “get it right” at first as there is always a learning curve and some growing pains. In the early 90’s AOL, Compuserve, Netcom, Microsoft and others absolutely refused to interconnect (aka “inter-network”, aka “internet”) their private islands of electronic communities to each other.
There has been a significant increase in publicly visible Reg A+ filings with the SEC. The rate of new Form 1-A filings increased to 28 in the month, about one per day. SEC Qualifications of Reg A+ filings, however, slowed to 3 in June, after surging in May, according to Rod Turner at Manhattan Street Capital.
Vice Chairman of the House Financial Services Committee Patrick McHenry (R-NC), has successfully shepherded two bills addressing capital formation for small businesses through the House with wide, bipartisan support.
Zaccaro Morgan's Nick Morgan makes the case for keeping the SEC away from interfering in legal defense arrangements between pubcos and their auditors (and their attorneys.)