SEC

“We just announced our tokenized stocks product which is only available outside the U S right now, unfortunately, but we're working with the SEC and others to get in a path to do it in the U S.”

“We stood up in RAA and we got audited by the SEC. I think the second we put on our first business on the platform.”

“If we had, Capitulated, it would have probably spelt the end of the crypto industry in the United States.”

“One is called the SEC, which is the nastiest securities regulator on the planet, which is great for us as investors.”

“T. Rowe, they all can, per SEC rules, allocate up to 15% of their funds into privates.”

“And they're going to have a sophisticated investor test, something I've been talking about for a long time that would really democratize the way Invest America has Access.”

“Anthropic confidentially submitted a draft S-one registration statement to the SEC June first.”

“And so we almost got held up that first quarterly earnings period because we couldn't get accountants in the SEC to agree that we were accounting it correctly and then actually get it in the numbers in order to launch the product.”

“And the thing you gotta know is, is Long Term Stock Exchange, the company that I founded is the one who filed the petition last year. To the SEC to switch from quarterly.”

“In fact, if you've noticed, I don't know if you've noticed the headlines in recent months that the SEC is considering eliminating quarterly reporting for the first time in 40 years. That's our petition.”

“Previously the SEC head of the SEC, Gary Gensler, didn't want to give specific guidelines on what we need to do. It was more about, well, if we don't like it, we're going to come after you. And, you know, that's not a good way to grow an industry.”

“I have two younger brothers and one of them, there were multiple, Kind of quiet SEC investigations. They never found anything wrong. And I hired the guy used to run the SEC in San Francisco to look into it. What's going on? He said, he came back kind of sheepi…”

“Going public, most people will tell you it's this long protracted affair and it's so hard and it's actually not like we decided to go public in September. We were basically ready with everything by November in December of 20, 20”

“The bar to gate is really high. You literally need an SEC exemption, and that's not because prices are low. You have to show the SEC, I don't have any liquidity.”

“Greenspan and Summers and Levitt of the SEC waged war against the CFTC doing its job of regulating subprime instruments. They each, in turn, called up Brooksley Bourne, who was the boss, a lady of iron nerve and principle. They harangued her, saying, what are …”

“So we don't call it fund because we're not, the way we've structured it is we are not registered with in the States as SEC, the Ontario, like Ontario and Canadian securities commissions.”

“It was gone through what's called a self-listing. It's a little different now. There's a different, different regulations around that today. It's a little easier to actually do a public today, but back then it was a self-registration. So it's as if I go public…”

“That is part of my program for this year and going into next is to go through our rule book. We need a spring cleaning. We need to clean out the attic of the basement and the garage, and to really look at things. Unlike the agency has ever done before with a r…”

“So I compare it to two fortresses with no man's land in between. And so the no man's land is littered with the bodies of would be products that people were unsure. Like, is it CFTC? Is it SEC? And the crossfire between the two just killed the products.”

“We have a memorandum of understanding that the two agencies are working on hammering out and getting In place that will allow us to share information, coordinate on specific issues, and make sure that we don't have this turf battle between the two agencies goi…”

“So my dream is one day that, and I hope we can achieve that here in the next couple of years to have like a super app approach where, you know, there is, okay, blurred lines between the two, but we've coordinated our approach.”

“And we are going to come out with a proposed rule and seek comment on it.”

“So anyway, so I think we have to take a fresh look at all this, and we are going to do that here this year and with a proposed rule to address that.”

“From my perspective one thing for new products that the CFTC has is called self-certification. So for repetitive products that you know, once you go ahead and approve the general type of framework for it then it's self-certification by the markets and by the p…”

“We're working with the department of labor and the treasury department to address this.”

“So in other countries where we operate, like in the UK or in Singapore, they only have one federal regulator for financial services. So they actually don't care whether these are commodities or securities. It's a totally parochial issue in the United States th…”

“We did maybe 30 times. We met with the SEC after becoming a public company where they allowed us to become a public company.”

“I think the total amount we spent On legal and all that was maybe in the 50 to a hundred million range as a result of that law.”

“Oh, and I should mention we won that case. It was, so we didn't pay a single dollars, a single dollar in fines. We didn't have to change a single thing about the company. The judge Actually, the SEC withdrew it under this new administration, and several judges…”

“I saw that the DoorDash CEO put out a like an SEC letter to the investors. Did you see that? Like a full PDF filed with the SEC, like this is sort of guidance, but telling the investor base, like, here's what's not going to change, like basically disregard the…”

“You don't have to file anything with the SEC until 15 days from the first day, from the first investment that you receive from your investor.”

“One of the ways that this really bubbles up is when your investors are not happy. They invested the money on you and now they're not happy with how the company's being run, that the company is not making money and so on. And that's when all this could surface …”

“Unfortunately the SEC started by looking at crypto as maybe the ostrich with the head in the sand, as was their attitude. Like maybe this stuff will go away by the time we lift our head out of the sand. That obviously didn't happen. And then came the very basi…”

“The trouble with the past practices of the, Commission is that it drove trading of crypto assets offshore.”

“So, and so what we're doing is so I made it explicit that the commission will not turn away and the staff will not turn away those sorts of would be IPOs if they have a bylaw With either of those two provisions.”

“And so we have shut down so far about a dozen of them to protect American investors from getting into it.”

“Commissioner Peirce launched a what's called, we call the crypto task force. Now it's turned into project crypto because we're infusing it throughout the agency rather than just you know, a small group of people trying to figure that area out. But with the goa…”

“That's our goal is to come out with rules that differentiate between what's the stock, Security, and what is a commodity where the CFTC, the Commodity Futures Trading Commission, can oversee. So meme coins and all that, and stable coins, those are not for the…”

“So we are undertaking, and there's an executive order the president signed, asking the Department of Labor and us to, ah, you know, to make it so, to look at these various rules and, ah, and to try to see what makes sense for you know, normal people to be able…”

“We also did explore, is there any SEC loopholes we could get around? So at the, and when we were first starting, we were actually, we're thinking investments, like full on investment.”

“Like all you get from these public mergers is like an SEC filing. And so you do see the final result. But most of the value or what you need, I think, to eventually improve these models is the decision making process the same way you need these reasoning trace…”

“He just deregistered his firm with the SEC.”

“The SEC has really tight laws about what you can say about an IPO. Really, really tight, and you can't make any future leading statements at all. But bizarrely enough, SPACs are exempt from that, so you're allowed, because it's a merger, so you're allowed from…”

“This obsession with information gave her an edge in an era before SEC regulations, standardized accounting, or financial transparency.”

“I got charged by the SEC for insider trading, and they basically just took anything and everything I said out of context. Right? So I gave them everything I had, and I got cleared in like 15 minutes.”

“You know, he is forward leaning. He wants to create change. He wants to make IPOs great again.”

“Gary Gensler basically picked what should have been the best companies in crypto, the poster children for compliance, and brought enforcement actions against them, and then the complete spectacular disasters didn't bring anything, so until after the fact.”

“We, we've been working a little bit with, like, the SEC task force on this and trying to find the right path to do it.”

“Now, we don't want to be regulated by the SEC, so we're not You know, participating in those matches. We're merely making the match and letting both sides of the equation get on with whatever comes of the conversations and the interactions that they have”

“And we would have made a lot more money had I continued fighting, but that risk was out there of, you know, they could impose millions of fines and they could, these legal costs could continue to grow.”

“If you've seen that show billions, that, that New York AG in there, like they, there were some points of really extreme things that the SEC did that I'm not going to disclose. That is very similar to how they operate in billions. And it's quite unethical, but …”

“We are a registered investment advisor. Some of the products that we already offer include an HYSA, high yield savings account, and a managed investment account. We also have an IRA and beta.”

“And by the way, the SEC doesn't look at these things, because these are private investments, so they don't require accuracy. And the investors in the fund are mostly happy without accuracy, because as I said, they don't have to report problems to their higher …”

“The natural thing for regulatory agencies is say, I get penalized every time an error happens, and I get no upside for things working more efficiently, or working more on target, or anything else, so I just throw in every possible thing that could be answering…”

“We're, you know, RIA. We're going to be a broker dealer. Even if AI makes it really easy to do stuff, the SEC is not going to approve people in two days. FINRA is not going to approve people in two days. So regulatory modes, I think are real and will continue …”

“He's a really pro, actually, more Americans being able to invest in privates, private equity, et cetera, and he's given speeches on it in the past.”

“There's been no laws passed, but the SEC has actually changed their position and actually taken actions to, you know, remove Wells notices from Coinbase from several other major DEX exchanges”

“I don't think they'll be issuing Wells notices at random to, like, Coinbase and Uniswap, because that's just dumb, but, like, they will be actually going after, like, legit scams.”

“Really we decided to just put our fundraising plans on hold completely until we seen what the SEC was going to allow.”

“Now it's like so many more rules and regulations around it to the point where it feels almost identical to a tradition around, and I can speak from direct experience.”