The U.S. Securities and Exchange Commission (S.E.C.) is about to undergo a significant change under President Donald J. Trump. On Monday, November 14, 2016, Mary Jo White announced her plan to step down from her post as the 31st Chair of the S.E.C. Not long after her announcement, then-President-elect Trump nominated Wall Street lawyer…
Author: Brian Arnfelt
The Potential Whiplash of Bandimere
In the last week of 2016, the U.S. Securities and Exchange Commission (SEC) received some news that spoiled its New Year’s celebrations. On December 27, 2016, the 10th Circuit Court of Appeals held that the SEC’s procedure for appointing its administrative law judges (ALJs) is unconstitutional.1 The 10th Circuit’s holding in Bandimere v. SEC not…
Regulation Crowdfunding: The Results Are In and the Future Looks Bright
Crowdfunding has become a common way for entrepreneurs to secure financing. In 2015, total global crowdfunding raised an estimated $34 billion in financing, compared to $2.7 billion in 2012. 1 With such a large impact on the economy, it was only a matter of time before industry regulation was enacted. On May 16, 2016, Regulation Crowdfunding…
Understanding the SEC’s Recent Crackdown on Private Equity
In the last few years, the private equity market has continued to balloon. In 2015, there was $2.4 trillion in private equity assets under management and the market as a whole saw an aggregate value of total buyout deals hit $411 billion.1 In comparison, there was $716 billion of total assets under management in the…