SEC Chair White made remarks at the Securities Regulation Institute (see speech here: http://www.sec.gov/News/Speech/Detail/Speech/1370540677500) that provided insight on the SEC's progress on JOBS Act implementation. She noted that, based on information collected by the SEC's Division of Economic and Risk Analysis through December 31, approximately 500 offerings were conducted, raising approximately $5.8 billion, in reliance on Rule 506. White noted that finalizing crowdfunding and new Regulation A remain important priorities in 2014. An agency-wide working group will be formed to monitor developments related to crowdfunding and Reg A. She also noted that the SEC is considering comments received on the proposed rules relating to Regulation D, Form D and Rule 156, and intends to advance these rules.
Reiterating comments made at other conferences, Chair White noted that she has asked the SEC Staff to begin an active review of disclosure rules. Specifically she noted that believes the review should "rethink not only the type of information[the SEC requires] companies to disclose, but also how that information is presented, where and how that information is disclosed, and how [to] take advantage of technology to facilitate investors' access to information and make it more meaningful to them."
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