News

SEC to Vote Friday on Crowdfunding Rules With Changes Supported by Market

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It took the Securities and Exchange Commission only three-and-a-half years to come to the table and finalize rules that allow non-accredited investors to invest through crowdfunding. On Tuesday, Oct. 27, the commissioned announced that the vote on the new crowdfunding rule will be held on Friday, Oct. 30. Some changes to the proposed rule, that could benefit fundraising companies and crowdfunding platforms, are expected.

Legal

Legislation Introduced to Create New Small Business Advocate at SEC

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A bill meant to make the Securities and Exchange Commission more responsive to the needs of small companies has been introduced in Congress by a bipartisan group of legislators.

The Small Business Advocate Act of 2015 was introduced Oct. 21 by Reps. John Carney (D-Del.), Ander Crenshaw (R-Fla.), Sean Duffy (R-Wis.), and Mike Quigley (D-Ill.).