Per a recently proposed bill, FINRA, the main regulatory authoritative body for broker dealers, may become the regulatory authoritative for Registered Investment Advisers as well. If the “Investment Adviser Oversight Act of 2012” is passed, Registered Investment Advisers will be regulated on three levels. The first level being a self-regulatory organization such as FINRA, secondly – the SEC, on the Federal level, and thirdly, the Securities State Commission, on the State level. Each level may have requirements that not only differ but that may also contradict one another. Advisers would have to decide which level would be more beneficial. Annual registration and membership fees will be required on every level. Moreover, in case of an audit, the Registered Investment Adviser will have to bear the audit expenses. Very unusual. Haven’t they tightened the screws enough? And where are the lobbyists? Read more »
Posts tagged: SEC
Where does the name come from and when was it passed?
The title does not derive from the word “job”, as in job position. Rather, it’s an acronym which stands for “Jumpstart Our Business Startups Act” (JOBS Act). The Act was signed into law by the President on April, 5th, 2012.
What is the essence of the Act?
The Act introduces the concept of the “emerging growth company” and eases the initial public offering (IPO) process for these companies. But today, we touch on a very important section of the Act – Title III, the so-called procedure CROWDFUNDING. Read more »
Из интервью о JOBS Act в США.
Откуда такое название закона и когда он вступил в силу?
Название не происходит от слова job, означающего работу, должность. Это аббревиатура, составленная из первых букв названия “Jumpstart Our Business Startups Act” (JOBS Act). Закон подписан президентом США и вступил в силу 5 апреля 2012 года.
В чем суть закона?
Закон вводит понятие emerging growth company, упрощая для нее процедуру IPO. Но сегодня мы коснемся очень важного раздела в законе Title III – так называемой процедуры CROWDFUNDING. Read more »