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You are here: Home / Archives for accredited investors

Hensarling Lobbies for Bill

November 30, 2018 by Michael Volpe Leave a Comment Filed Under: Feature Articles Tagged: accredited investors, angel investors, deregulation, economy, Hensarling Lobbies, House Financial Services Committee, Ipos, regulations

House Financial Services CommitteeIn what may be his final act as Chair of the House Financial Services Committee, Republican from Texas, Jeb Hensarling is urging passage of a new bill he is sponsoring.

Speaking from the floor of the House of Representatives, Hensarling urged the Senate to pass the JOBS & Investor Confidence Act of 2018.

The bill passed the House earlier in 2018 by an overwhelming amount, 406-4.

“Mr. Speaker, thanks to the leadership of President Donald Trump, thanks to the leadership of Speaker Paul Ryan, thanks to the leadership of Chairman Kevin Brady, we have what for most Americans – not all, but for most Americans – is the greatest economy they have had in their entire lifetime. Unemployment at a 50-year low. Cutting across all socioeconomic groups. Small business optimism, consumer optimism, off the charts. We are seeing more people come back into the labor force, and this is all great news.

“But we cannot be blinded by the fact that as good as the economy is of today, we still have to concentrate on the economy of tomorrow. And we need to know, can we ensure that the seed capital is there? Can we make sure that our public policy nourishes the drivers of tomorrow’s economy, the next Amazons, the next Googles, the next Ubers; where are they going to come from?

“So unfortunately, Mr. Speaker, what we have seen is that as recently as 2016, as recently as 2016, startups in America have been cut in half. And oh, incidentally the securities regulatory burden has increased by over 50% in the last 10 years, and by over 80%. It now costs, Mr. Speaker, twice as much to go public today as it did 10 years ago.”

The bill would continue President Donald Trump’s philosophy of deregulation, and specifically, it would continue the philosophy of less regulations in securities.

The bill is geared toward start up so-called emerging growth companies, and it would make it easier for these companies to raise capital while private and also ease the burden to become publicly traded.

“In order to foster economic growth and to remain competitive with countries like China, the Bill, among other things, would “ease regulations on ‘angel investors’ and expand the definition of ‘accredited investors’ to make it easier for startup companies and small businesses to attract investments needed to grow and create jobs;” A summary of the bill states,“make it easier for companies to go public by extending on-ramp exemptions for emerging growth companies to give them more time to financially sustain costs and requirements associated with full compliance; ease securities regulations on IPOs to increase opportunities for everyday investors; and cut red tape on asset managers so that Main Street investors don’t have to shoulder the costs of burdensome, unnecessary regulations.”

Of the two legislative chambers- the House of Representatives and the Senate- the Senate is far more deliberative.

That’s because the Senate rules allow for a filibuster which requires 60 of the 100 members to overcome.

The rule was designed to make the Senate the more deliberative body, and it was designed as a check on unlimited power of the majority.

Hensarling announced his retirement earlier this year and will not be in Congress in 2019.

Hehmeyer Trading Launches Cryptocurrency Index Fund

March 13, 2018 by Ricardo Esteves Leave a Comment Filed Under: Industry News Tagged: accredited investors, commodity pool, Cryptocurrency Index Fund, Digital Investments, Hehmeyer Cryptocurrency Index, Hehmeyer Trading, Proprietary Trading

Hehmeyer Trading + InvestmentsChicago-based proprietary trading firm Hehmeyer Trading + Investments announced the launch its cryptocurrency index fund to provide access to the cryptocurrency market by investing in a fund that aims to track the performance of the proprietary Hehmeyer Cryptocurrency Index (HCI).
The Hehmeyer Cryptocurrency Index Fund is a new product available only to qualified eligible persons and accredited investors and will be launched as a commodity pool.
“The CFTC has determined that cryptocurrencies are commodities. We believe investors will be best served with a regulated product, and thus are pleased to offer a fund subject to their jurisdiction. Under the helpful eye of the CFTC and NFA, we look forward to providing certain qualified investors access to this evolving market”, said Christopher Hehmeyer, Chief Executive Officer of Hehmeyer Trading + Investments.”
The Fund will be managed by Hehmeyer Capital Management, LLC, a commodity pool operator registered with the Commodity Futures Trading Commission and a member of the National Futures Association.


As the cryptocurrency market is an emerging asset class and regulation is still building up, the Hehmeyer Cryptocurrency Index Fund is one of a few vehicles that provide exposure to this growing asset class with regulatory oversight.

The proprietary Hehmeyer Cryptocurrency Index (HCI) consists of coins selected pursuant to a distinct methodology and is rebalanced monthly. HCI is based on the market capitalization of the cryptocurrency market.
Christopher Hehmeyer, CEO of Hehmeyer Trading + Investments

Christopher Hehmeyer, CEO of Hehmeyer Trading + Investments

Hehmeyer Capital Management, LLC, the commodity pool operator, is one of the four businesses owned by the trading firm Hehmeyer Trading + Investment. Its focus is to provide unique “liquid alternative investments” and services available to qualified eligible persons.

The other lines of interest of the company include Proprietary Trading (Hehmeyer Trading Group), Digital Investments (Hehmeyer Digital Investments), Professional Trading (Hehmeyer Customer Services).
With 40 years within the industry, Chris Hehmeyer is a board member and/or chairman positions at several industry organizations, including the National Futures Association, the Futures Industry Association, the Board of Trade Clearing Corporation, and the Chicago Board of Trade.
Past roles include being CEO at PensonGHCO, Partner at GH Trader’s, non-executive Vice Chairman at KCG Futures, non-executive Board Member at Wedbush Futures, Regent at the University of the South, CEO at HTG Capital Partners, and others.

Blockchain ATS tZERO reaches over $100 million investment in token sale

December 21, 2017 by Ricardo Esteves Leave a Comment Filed Under: Industry News Tagged: accredited investors, alternative trading, Blockchain, cryptocurrency, equity security token, ICO, investors, tZERO

tZERO, Overstock.com’s financial technology subsidiary, announced that its first-ever preferred equity security token sale, open for subscription on Dec. 18, has attracted overwhelming cryptocurrency and traditional institutional interest, reaching over $100 million USD in commitments from investors in the first 12 hours. Over 10,000 subscribers registered for accreditation verification through Saftlaunch.com ahead of the token sale.
tZERO is an alternative trading system (ATS) or dark pool registered with the Securities and Exchange Commission (SEC) that aims to provide an alternative trading environment for market participants based on blockchain.
The tZERO security token is properly issued as a security, which requires heightened regulatory, tax and compliance measures that must be diligently and meticulously completed.
What makes tZERO security token different from any other ICO utility tokens issued by startups with no functional business is that the tZERO security token is being issued pursuant to a comprehensive offering memorandum, rather than with a traditional white paper.

Joe Cammarata, President of tZERO

The features of the tZERO security token are those of a preferred equity security, including a token dividend paid of Adjusted Gross Revenue of tZERO.  Additionally, the company intends to provide tZERO token holders discounts for trading on its ATS and additional rewards and discounted services across the Overstock portfolio of companies.

Joe Cammarata, President of tZERO, said: “Yesterday Overstock and tZERO made history once again in launching the first-of its-kind preferred equity security token. This is a massive collaborative effort of our team and our advisors (including Alchemist, and RenGen) along with our outstanding legal, tax and compliance teams. We have received overwhelming interest from subscribers and are registering over 200 per hour, and in an abundance of caution to ensure the presale is conducted right, we experienced some minor delays.”
“Today I am proud to announce that in under 12 hours, we have received commitments from accredited investors for over $100 million USD. We are working with world class institutions as well as some of the world’s most sophisticated cryptocurrency investors, who demand excellence and this is what we are delivering. We expect accreditation verification to continue. Verified investors will receive their documents and SAFE agreements as the allocations are completed”, Cammarata added.

Patrick Byrne

The token pre-sale is expected to be oversubscribed shortly and a significant portion of the tZERO security tokens issued will be available to accredited investors in the public sale beginning in January, 2018.

Overstock, a US-based internet retailer based in Utah and headed by Patrick Byrne, was the first major retailer to accept Bitcoin as a payment method, back in 2014.

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