Issues

Investors Choice Advocates Network (ICAN) is the only organization solely focused on expanding market access and corralling the unwieldy powers of the Securities and Exchange Commission (SEC), and its constellation of affiliated regulatory entities, back within their rightful boundaries.

Combining strategic litigation and direct advocacy with increasingly sophisticated marketing and communications efforts, ICAN is laser-focused on driving SEC reform in four critical areas.

Focus Areas

Reining in Regulatory Expansion

We oppose the SEC's expansive interpretation of terms like "dealer," "security," and "broker" and challenge privacy intrusions, such as the Consolidated Audit Trail database, to establish clear boundaries that provide market stability while protecting innovation.

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Ending Excessive Punishments

ICAN challenges the SEC's practice of imposing severe penalties for technical, unintentional violations, ensuring enforcement actions remain proportional and within court-established limits.

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Restoring Due Process

We advocate for fairness in SEC proceedings through transparent processes and constitutional protections that align with American values of justice and due process.

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Expanding Market Access

ICAN challenges paternalistic restrictions that limit investor opportunities by modernizing crowdfunding regulations, reforming arbitrary wealth-based rules, and reducing regulatory burdens for small businesses seeking capital.

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Highlights

We invite you to explore some of the key cases ICAN has been involved in that showcase our progress on driving SEC reform in these key areas.

SEC v. Punch TV

Joseph Collins, a Los Angeles entrepreneur, faced a ruinous $1.35 million SEC demand over a self-reported technical violation with no fraud or investor harm, until ICAN secured a complete victory rejecting the SEC's disgorgement attempt and preserving key limits on the agency's powers.