Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
SEC requests comments on private securities offerings rules
The Securities and Exchange Commission has announced it is seeking comments on ways to simplify, harmonize, and improve the exempt offering framework to expand investment opportunities while maintaining appropriate investor protections and to promote capital formation. A staff report on the impact of Regulation Crowdfunding on capital formation and investor protection was also released. Its relevant findings are discussed in the concept release, which will be open for comments for 90 days following its publication in the Federal Register.
UPDATE: Scheduled for Federal Register publication on 6/26/19, with comments due by 9/24/19.