Crowd-funding rules a very high priority, SEC’s White says
The Securities and Exchange Commission is moving to propose rules that would allow companies to raise money through equity crowd-funding and more lightly regulated offerings, Chairman Mary Jo White said.
The regulator considers it a “very high priority to get those rulemakings done” and hopes to do so this year, White said at the Bloomberg Markets 50 Summit in New York Tuesday.
“Those are things we are devoting maximum resources to, not neglecting everything else we have to do with our limited resources,” White said of the rules required under last year’s Jumpstart Our Business Startups Act.
Advertisement
White also vowed the agency would eventually adopt a June 5 proposal to add new restrictions to money-market mutual funds and said the agency is making “lots of progress” toward finishing the Volcker rule, which bans federally insured banks from short-term trading for their own account.
“It is a hard, complex rulemaking but lots of progress is being made,” White said in the interview with Bloomberg Television’s Peter Cook.
(Bloomberg News)
Continue Reading
Take Five with Dave Nadig of Index Universe's ETF Analytics
Exchange-traded products have allowed investors to take advantage of higher commodities prices, he says
Will rising rates push MLP investors to traditional bond instruments?
Long-term prospects of energy infrastructure assets remains attractive, Eagle Global Advisors' David Chiaro says
Advertisement
Advertisement
@IN Wire
Most Watched Video
2:46Mary Beth Franklin: Adviser misconceptions about Social Security claiming for couples Mary Beth Franklin Contributing Editor, InvestmentNews
3:03How to handle advising clients in a niche community Michael Pellman Rowland Vice President, Financial Adviser, Senior Portfolio Manager, Morgan Stanley Smith Barney
Upcoming Events
Conference: 2013 Alternative Investments Conference
New Choices for New Challenges
Wednesday, Sep 25 Conference: Best Practices Awards and Workshop
Thursday, Sep 26Webcast: Investing in the U.S. Energy Revolution
Credit: RSS for Investments