JD Alois

NASAA Tells SEC to Make Definition of an Accredited Investor Less Inclusive

Should you be an accredited investor

The North American Securities Administrators Association (NASAA) has published a comment letter expressing their opinion on the definition of an Accredited Investor. As mandated by Dodd-Frank, the Securities and Exchange Commission (SEC) must review the current definition on a periodic basis. As it stands today,… Read More

Equity Crowdfunding: Entrepreneur Linda Losey Shares Why She Chose Reg CF

Linda Losey Bloomery

Week one Title III of the JOBS Act, also known as Reg CF, saw a good number of smaller companies issuing securities under the new exemption. The diversity of entrepreneurship was admirable and also indicative of the profound need for access to capital to drive… Read More

IndieCrowdFunder Forms Partnership with Actors & Artists Agency

Movie Theater Cinema Film Cool

Actors & Artists Agency, described as one of the fastest growing full-service entertainment industries, has formed a partnership with investment crowdfunding platform IndieCrowdFunder.  The arrangement seeks to provide Actors & Artists filmmakers access to both accredited and non-accredited investors.  The deal will also strive to… Read More

Henry Howard Finance Joins with British Business Bank Enable Funding Program with £51 Million

Money Pounds UK

As part of the British Business Bank’s Enable Funding program, Henry Howard Finance as agreed to a £51 million lending facility to boost asset finance for SMEs.  The new facility is 50% guaranteed by the European Investment Fund and is designed to broaden Henry Howard’s… Read More

NASAA Proposes State Filing Requirement for Reg CF Issuers. Industry Advocate Says this “Screams of Greed & Fear”

Judith Shaw at SEC IAC

Last week on day one of Reg CF, the North American Securities Administrators Association (NASAA) posted a request for comments on a proposed rule.  NASAA desires the requirement of an additional filing for Reg CF issuing companies to be completed in those states where either… Read More

Peer to Peer Lender TWINO Celebrates One Year Anniversary

jevgenijs-kazanins

Latvia-based Twino is celebrating its one year anniversary.  After 12 months of operation, the peer to peer lending platform states it has originated over €22 million in loans.  Twino says their rapid growth makes them the “fastest growing platform in Europe.  Investors have earned approximately €325,000 in… Read More

Proplend Drops Investment Minimum to £1000

Proplend

Commercial property lender Proplend has reduced their required minimum investment from £5000 to £1000.  The move is expected to broaden their investor base while making it easier for existing investors to create a more diversified portfolio of loans.  Going forward, all new loans will be… Read More

Breakaway Funding Launches Petition to Support California Equity Crowdfunding Exemption

California Flag

As previously reported, the California legislature is considering whether or not to legalize intrastate crowdfunding. This is not the first time the Golden State has attempted to create its own rules to allow investors to back small companies online. But the previous efforts fizzled as… Read More

TrustBuddy Update: Trustee Secures SEK 50 Million. No Embezzlement Uncovered

Trustbuddy Best Yet

TrustBuddy, a peer to peer lending platform that spectacularly collapsed into bankruptcy last year, has been in the hands of bankruptcy trustees since its demise.  The entire saga became a cautionary note on the emerging online lending industry. Trustbuddy, a publicly traded entity, entered a… Read More

Branch of the Future: America First Credit Union Opens Innovation Center

America First Credit Union

Salt Lake City-based America First Credit Union has opened up an Innovation Center as it seeks to create the branch of the future recognizing the shifting methods of financial management as everything moves online. The non-profit, member-owned credit union, the 7th largest by membership in… Read More

SEC Commissioner Piwowar Nails it in Remarks to ACSEC Discussion on Accredited Investor Definition

Michael Piwowar ACSEC 2

“Should the Commission consider doing away with the notion of a so-called “accredited investor” altogether?” The above question is posed not by this digital publication but by a sitting SEC Commissioner, Michael S. Piwowar. The Commissioner was speaking at the recent gathering of the Advisory… Read More

British Business Bank Report: £3.5 Billion Goes to Equity in SMEs During 2015

Charles Darwin Money UK

Access to capital is imperative for SME growth. Small companies need debt and equity finance to hire employees and pursue strategies to expand operations.  A vibrant equity ecosystem is imperative for early stage companies as typically it is more challenging to access debt finance. In… Read More

Fintech Rocks: KPMG / CB Insights Report Says Global Investments in Fintech Jump in Q1

Q1 2016 Fintech Investment KPMG CBI

  Following a bit of slump in the final quarter of 2015, Fintech investment “roared” back in Q1 of 2016 squelching any discussion of Fintech’s imminent demise. This is according to a report authored by KPMG and CB Insights.  While the P2P / Marketplace Lending… Read More

First SE Asian Campaign on FundedByMe Hits Goal in 36 Hours

Halal Speed Dating

Sweden-based investment crowdfundin platform FundedByMe messaged its intent to start operations in Southeast Asia with the opening of an office in Singapore several years back. FundedByme became the first European-based platform to receive a license to operate in the region when the Securities Commission Malaysia approved… Read More