Alabama Securities Commission http://apr.org en Ala. Senate Seeks Crowd Funding For Small Business http://apr.org/post/ala-senate-seeks-crowd-funding-small-business <p></p><p>The Alabama Senate is trying to give people a new way to raise money to start small businesses.</p><p>The Senate voted 31-0 Thursday for a "crowd funding" bill sponsored by Republican Sen. Arthur Orr of Decatur.</p><p>The legislation is backed by the Alabama Securities Commission. It would allow someone trying to start a small business in Alabama to use social media and advertising to find small investors who live in the state. It is limited to raising $1 million, and it is restricted to Alabama businesses and investors because of federal regulations.</p> Thu, 23 Jan 2014 22:16:23 +0000 The Associated Press 45496 at http://apr.org Ala. Senate Seeks Crowd Funding For Small Business Ala. Could Legalize New Avenue For Small Business http://apr.org/post/ala-could-legalize-new-avenue-small-business <p>Alabamians trying to start small businesses in a tough credit market may soon have a new method that will allow them to raise small amounts of capital from many Alabama investors.</p><p>Republican state Sen. Arthur Orr of Decatur says he will sponsor a bill in the upcoming legislative session to allow "crowd funding." It would cap investors at $5,000 each and would limit crowd funding to $1 million per business.</p> Sat, 04 Jan 2014 16:53:15 +0000 The Associated Press 44383 at http://apr.org Ala. Could Legalize New Avenue For Small Business The Wolf Of Wall Street Vs. The Alabama Securities Comission http://apr.org/post/wolf-wall-street-vs-alabama-securities-comission <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span>The Wolf of Wall Street hits theaters this week. Leonardo DiCaprio stars as Jordan Belfort, a high powered stock broker who was later indicted for securities fraud. That may sound like a fictional story from the world of Hollywood. But, the story of Jordan Belfort, who was indicted on securities fraud for stock market manipulation and running a penny stock boiler room is painfully true.</p> Sun, 22 Dec 2013 17:20:41 +0000 Ryan Vasquez 43749 at http://apr.org The Wolf Of Wall Street Vs. The Alabama Securities Comission Canadian Exec Free On Bond In Alabama Case http://apr.org/post/canadian-exec-free-bond-alabama-case <p></p><p>A Canadian executive is free on bond in Alabama, and his attorney predicts the case will be resolved positively once all the facts are provided.</p><p>Gregory Aziz, the chairman and CEO of National Steel Car Ltd. of Hamilton, Ontario, was released by a Colbert County judge on $1 million bond Thursday. Aziz posted $250,000 in cash and will forfeit the remainder if he fails to appear in court.</p> Fri, 22 Nov 2013 22:05:51 +0000 The Associated Press 42094 at http://apr.org Canadian Exec Free On Bond In Alabama Case National Steel Car Chairman Indicted In Alabama http://apr.org/post/national-steel-car-chairman-indicted-alabama <p>An Alabama grand jury has indicted the chairman of National Steel Car on securities fraud charges.</p><p>The indictment made public Friday accuses Gregory Aziz of Hamilton, Canada, of misleading officials with Alabama's state pension program to get financing for a rail car manufacturing plant that was never finished in northwest Alabama. The 10-count indictment claims Aziz misled officials about how much the plant would cost.</p><p>Aziz's attorney, Joe Espy, says they are reviewing the charges and hopeful that they can be resolved.</p> Fri, 15 Nov 2013 22:28:35 +0000 The Associated Press 41677 at http://apr.org National Steel Car Chairman Indicted In Alabama Hart Elected Chair of Ala Securities Commission http://apr.org/post/hart-elected-chair-ala-securities-commission <P>Birmingham accountant James L. Hart has been elected chairman of the Alabama Securities Commission.</P> <DIV> <P>A member of the regulating board since December 2010, Hart was selected unanimously for the leadership position by fellow commissioners.</P> <P>Hart leads the forensic accounting and litigation services decision at the Birmingham firm of Dent, Baker &amp; Co.</P> <P>Hart, a native of Huntsville, was first appointed to the commission by former Gov. Bob Riley. Wed, 03 Oct 2012 13:21:37 +0000 The Associated Press 18755 at http://apr.org Hart Elected Chair of Ala Securities Commission