Mr. Gerrans has been an active advocate in the prioritization of Federal Expenditures, Policies, and Legislation to advance Medical Research and Financial Innovation.
TRANSFORMATIVE ADVOCACY IN MEDICINE
He collaborated with Senator Dianne Feinstein on the Lung Cancer Mortality Reduction Act, and the Lung Cancer Early Detection Promotion Act. Both Acts were adopted in the Recalcitrant Cancer Act which was signed into Law on January 6, 2013 by President Obama. The advocacy succeeded in prioritizing NIH investment in Lung Cancer research and authorized Medi-Care funding and reimbursement for Low Dose Helical (CT) Computed Tomography as a preventive diagnostic to promote the early detection of Lung Cancer.
REFORMATIVE ADVOCACY IN FINANCIAL SECURITIES LAWS AND REGULATIONS
Mr. Gerrans initiated advocacy to expand Securities Laws and Regulations to incentivize Capital Gains Tax Credits for Small Business Investment and to legalize Social Finance and Crowd Funding. Specifically, Mr. Gerrans architected and advocated legislative modification to the Safe Harbor exemptions within SEC Regulation 'D', Rule 506(b) of the 1933 Securities Act to legalize the advertisement and promotion of Private Equity Investment Offerings to verified accredited investors. The advocacy succeeded in creating a new Rule 506(c) which was signed into Law, under the JOBS Act, in 2012. Mr. Gerrans proceeded to raise over $70 Million for his Companies via these new "Equity Crowd Funding" Rules.
THE INCIDENTAL DISRUPTION OF ENTRENCHED COMPETITIVE INTERESTS IN THE WALL STREET ECOSYSTEM
The model of Social Finance and Equity Crowd Funding Mr. Gerrans innovated deployed the technological advances occurring in the early 2000's in Cloud Storage; Electronic Security, Tracking and Archiving; Digital Signatures; IRA Investing; and Wire Funds Transfers; to automate, track, trace, validate and verify Due Diligence, via Data Rooms; expedite investment banking, via instantaneous funds transfers; and expand access to capital, via Self-Directed IRA investment education.
Mr. Gerrans vision for the adoption and application of the technological advances in digital automation reformed the legacy institutions in Investment Brokerage, Printing and Clearance Housing ('Book Running'), Securities Risk and Compliance Management, Private Equity and Venture Capital, and have irreversibly transformed the Wall Street and Main Street Securities eco-system, for the better. Most importantly, they have enriched the retirement portfolios of millions of Americans.
SIGNIFICANCE
Mr. Gerrans successes in advocacy have expanded access to research monies for Lung Cancer and have helped prolong and save the lives for thousands of individuals who are obtaining early Lung Screenings. Mr. Gerrans pioneering efforts in Social Finance has succeeded in bringing Wall Street resources and opportunities to Main Street Americans by helping thousands of Start-up Businesses and private individuals obtain investment Capital, Mortgages and Loans; and, by mobilizing Self-Directed IRA Investing to enable Americans to Retire with their financial security and dignity intact.
