By: Matthew Capelli President Biden proposed to limit the like-kind exchange in his April 2021 American Families Plan.1 This proposal would negatively affect real estate because real estate investors would not be able to defer capital gains taxes when they exchange property. Under current law, a real estate investor does not recognize gain “on the…
Author: MBELR
Regulating Fintech for Financial Inclusion
Globally, 1.7 billion people, or roughly 21% of the world population, are unbanked, meaning they lack access to basic financial services such as a simple checking or savings account or a comparable mobile version.1 Nearly all unbanked individuals live in the developing world, with the largest portion living in China (225 million, 13%), India (190…
Making Bank Consultants More Accountable to Regulators
In the aftermath of the 2008 financial crisis, banks and regulators have increasingly hired outside consultants to help comply with regulations and to implement new actions.1 The limited resources available to regulators and the high cost of hiring a permanent compliance staff have contributed to this trend.2 Consultants are usually brought in after regulators have…
Coffee Company Involved in Bold “Pump-and-Dump” Scheme
Last month, the SEC filed charges against the former CEO of Jammin’ Java, Shane Whittle.1 Jammin’ Java Corp., doing business as Marley Coffee, is a publicly traded U.S.-based coffee company listed on OTC exchanges.2 The SEC complaint, filed in the Central District of California, accuses Whittle and several accomplices of running a bold and intricate…
WARNING: The Federal Exchange Act May Limit the Utility of State Crowdfunding Exemptions
Posted by Jeff Thomas and Malika Simmons Historically, federal and state securities laws have made equity crowdfunding extremely difficult in the United States.1 However, equity crowdfunding laws that create new exemptions from costly registration requirements have recently been passed in several states including Michigan, Kansas, Indiana, and Wisconsin.2 Several other states have similar legislation pending.3…
MJPVL Rebranding to MBELR
Dear Readers: On behalf of the Volume 4 Board, we write you today to share exciting news about the Michigan Journal of Private Equity and Venture Capital Law (MJPVL). After publishing three volumes as an independent journal and building a strong subscribership, MJPVL gained accreditation this year from the University of Michigan Law School. Our…
Corporate Law in Asia Symposium This Week
We welcome you to join the Michigan Journal of Private Equity and Venture Capital and the Asia Law Society for the Corporate Law in Asia: Trends and Opportunities symposium. It is being held this Friday, February 21, 2014 in South Hall Room 1020 at the University of Michigan Law School. Registration begins at 8:30 AM, and the program…
Forthcoming MJPVL Article Submitted as Comment to SEC
An article from the upcoming third volume of MJPVL has been submitted to the SEC as a comment to its proposed crowdfunding rules, specifically Title III of the JOBS Act. The article is entitled “From Revolutionary to Palace Guard: The Role and Requirements of Intermediaries Under Proposed Regulation Crowdfunding.” Take a look: http://www.sec.gov/comments/s7-09-13/s70913-204.htm
MJPVL 2013-2014 Applications Now Available
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Upcoming Volume One, Issue One
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