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Investor Choice Advocates Network
Legal Services
Los Angeles, California 728 followers
A public interest organization dedicated to breaking down barriers to entry to capital markets created by SEC overreach.
About us
ICAN is a nonprofit public interest litigation organization dedicated to breaking down barriers to entry to capital markets and pushing back against the overreach of the Securities and Exchange Commission (SEC), serving as a legal advocate and voice for small investors and entrepreneurs whose efforts help fuel vibrant local and national economies driven by innovation and entrepreneurship.
- Website
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https://www.icanlaw.org/
External link for Investor Choice Advocates Network
- Industry
- Legal Services
- Company size
- 1 employee
- Headquarters
- Los Angeles, California
- Type
- Nonprofit
- Founded
- 2022
Locations
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Primary
Get directions
453 S Spring St
400
Los Angeles, California 90013, US
Employees at Investor Choice Advocates Network
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Dara Albright
Fintech speaker, advisor, author, board member, podcast host, investor & educator. Passionate about narrowing digital asset & financial literacy gaps…
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Debasish Banerjee
Elected member West Coast Region FINRA committee
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Suzan Rose
Regulatory & compliance guru, nonprofit devotee. Keeping fund managers safe while making the world a better place.
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Jorge Pesok
Chief Legal Officer - Board Member - Advisor - Dad - Friend
Updates
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Pleased to be the guest on AIMA - The Alternative Investment Management Association's podcast, The Long-Short, "How a humble fish has changed the face of US lawmaking" discussing how the Supreme Court's Loper ruling overturning Chevron deference will change (but not end) SEC rule making and litigation. A big thanks to Tom Kehoe, and Drew Nicol for having me on the podcast.
87. How a humble fish has changed the face of US lawmaking | The Long-Short
shows.acast.com
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When faced with regulatory complexity, we can throw up our hands, or roll up our sleeves. Etan Butler of Dalmore Group is definitely a roll-up-his-sleeves type. Hear Etan's latest thinking on the latest Capital Ideas interview with Dara Albright and me from Crowdfund Insider. https://lnkd.in/gkZ33b2r
Capital Ideas: Etan Butler of Dalmore Group
https://www.crowdfundinsider.com
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A big thanks to Brent Baker, and his team at Buchalter for their excellent legal work ensuring that the 10th Circuit won't be deprived of Senator Pat Toomey's important perspective about legislation he principally authored.
Regulatory/SEC Enforcement and Blockchain/Fintech Attorney
Federal Reserve's lengthy delay and lack of transparency in denying Custodia Bank's Master Account Application have raised concerns. Custodia, with a special purpose/Crypto banking charter in Wyoming, faced significant hurdles in this process but had the fortitude to fight back. This fact pattern feels a bit like the U.S. Financial Regulators are determined to stop participants all in the Blockchain space by any means necessary! In a crucial move, Nick Morgan and Investor Choice Advocates Network submitted an amicus brief in support of Custodia Bank against the Federal Reserve entities. Former Senator Pat Toomey played a pivotal role due to his involvement in relevant legislation. I am honored to have worked with Nick and Former Senator Toomey, and Brent Baker, SEC Enforcement/Government Investigations and Buchalter collaborated on this significant legal document. This Senator Patrick Toomey amicus brief, is supported by separate Amici filed by various entities including the Wyoming Secretary of State, U.S. Senate Banking Committee, and Blockchain Association. All challenge the Federal Reserve's denial impacting cryptocurrency deposits. This legal action underscores the importance of transparency and fair practices in financial regulations. #FederalReserve #CustodiaBank #CryptoBanking #Transparency #FinancialRegulations #LegalAction
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There's more than one way to break down a barrier to entry to the capital markets. If you make less than $200k or have a net worth less than $1 million, the SEC's "accredited investor" definition hinders your access to private investments. But we were excited to hear about Jonathan C. Dunsmoor's plan to mint legions of new accredited investors through Series 65 on the latest Capital Ideas on Crowdfund Insider with Dara Albright.
Capital Ideas: Minting Accredited Investors with Series 65
https://www.crowdfundinsider.com
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Latest newsletter out now. Click and subscribe!
Fighting Back Against the SEC’s Browbeating Playbook
icanlaw.org
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Please reach out if you're aware of someone caught up in the SEC's effort to expand the definition of "dealer."
Can an investor with no customers be a securities dealer (with the regulatory requirements such a designation triggers)? The SEC and the 11th Circuit say "yes." Hear from Marc Indeglia of the Small Public Company Coalition as he explains how the 11th Circuit went wrong and the possible negative implications from efforts to expand the definition of "dealer" on the latest SEC Roundup with Thomas Zaccaro by Investor Choice Advocates Network on ThinkAdvisor. Circuit split anyone?
Court Adopts SEC's Expansive View of 'Dealer': SEC Roundup | ThinkAdvisor
thinkadvisor.com
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Art Zwickel and Gail Bernstein correctly predicted today's result from the 5th Circuit: the SEC's Private Fund Adviser rules have been vacated. Investor Choice Advocates Network was pleased to have submitted an amicus brief urging this outcome.
SEC Roundup 60: Court Tackles SEC Authority to Regulate Private Funds
icanlaw.org
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Great piece by Matt Levine. I only wish he had read the amicus brief in Panuwat by Investor Choice Advocates Network (https://lnkd.in/gEZ2_qXT), which makes many of the same points. Stephen A. Cazares
Shadow Trading Is Bad Sometimes
bloomberg.com