New US SEC rule announced last week will allow investors with modest wealth to invest in smaller, start-up companies through Crowdfunding. The new US SEC rule was mandated by Title III of the 2012 Jump-Start Our Business Start-Ups Act. It has taken this long for the US SEC to write a rule...
Several days ago the US SEC released its Final Rule relating to the use of Crowdfunding to support the SME marketplace create millions of new jobs. In April, 2014 in Strategic Finance Magazine we discussed the relevance of using Crowdfunding and its importance to the SME marketplace and...
Great article today in the Wall Street Journal CFO Blog on the use of the open, freely available, global XBRL data standard by the US SEC for more transparent and accountability in the capital markets. XBRL protects investors and helps companies tell their story to Wall Street by making...
Great article in the Wall Street Journal yesterday about new US SEC Crowdfunding Rule that goes into effect MONDAY - next week. The article by Ruth Simon of the WSJ provides great background and specifics about the rule and how small companies and investors can utilize crowdfunding to obtain...
Late last week the US SEC announced that public companies in the United States can voluntarily begin to use the iXBRL data format for submission of financial statements to the US EDGAR System. US SEC has mandated that all public companies (estimated to be 14,500) tag their financial...
We're pleased to announce that Treasury & OMB have selected XBRL late last week as the common data standard that will be used to exchange government financial information as described in this news article . On March 7, 2015 – We posted that in early May the US Treasury and the Office...
Great news yesterday regarding the expanded use of XBRL across the capital markets by the Securities and Exchange Commission (US SEC). The US SEC Commission voted to propose rules to require public companies (+14,500) to disclose the relationship between executive compensation and the financial...
Interesting article in the UK’s Financial Director about yearend non-financial reporting required by UK companies as part of the EU mandate for 6,000 + public company requirement to report non-financial information to the capital markets and important stakeholders such as investors. The UK...
Interesting story in FCW about the current implementation by the DATA Act by the US Federal Government… The DATA Act requires the use of the eXtensible Business Reporting Language (XBRL) data standard for the tagging of both business and financial data for better transparency and...
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Congressman Darrell Issa (R-CA) will be introducing the Financial Transparency Act of 2015 that will mandate standards like XBRL across the capital markets and possible link to the Global Legal Entity Initiative (LEI). This announcement today, follows the announcement last week from the...