Featured Headlines

Finovate Celebrates 10th Anniversary Show in NYC

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FinovateFall celebrated its 10th anniversary this last week with a two-day show on September 8-9, 2016 in New York City. The show featured demos from 72 companies presenting a diverse range of Fintech startups. In total, Finovate’s 30 events over 10 years have seen more… Read More

Is the SAFE Not So Safe for Investment Crowdfunding?

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Earlier this year, on May 16, 2016, the final portion of the JOBS Act became actionable. The much anticipated Title III provisions and Regulation Crowdfunding (Reg CF) went into effect, marking the official beginning of retail crowdfunding in the United States. While the industry is… Read More

Regulation A+ Offering: Hype or Reality?

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Jobs creation and wages are in the spotlight again by voter demand this presidential election year and receiving attention from both Republican and Democratic parties. This begs the question whether an improved version of Regulation A under the JOBs Act of 2012 offers a practical… Read More

Fintech Firm Lemonade Launches to Challenge Established Insurance Firms

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The much anticipated Fintech firm Lemonade has officially launched in the state of New York. Lemonade has positioned its platform in a David vs. Goliath battle to challenge antediluvian insurance incumbents by providing a far better service at a superior price. Lemonade has been licensed… Read More

National Crowdfunding Association of Canada Criticizes Integrated Crowdfunding Exemption in Letter to Alberta Securities Commission

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The National Crowdfunding Association of Canada (NCFA), has criticized Canada’s regulatory approach to crowdfunding in a public letter sent to the Alberta Securities Commission and Superintendent of Securities, Nunavut.  While the letter is addressed to the two entities it can be viewed as a proxy… Read More

China: WeiyangX Fintech Review

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Fintech related cases would become an important area of civil and commercial trial in the future. On September 10, 2016, the sixth “Southern China Enterprise Law Innovation Forum” was held in Shenzhen. During the seminar of “China’s Law Innovation in Internet Age”, Yang Linping from… Read More

Hacking the Law (Crowdfunding Edition): Concurrent Offerings Part 1

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First off, don’t panic. We’re not talking about hacking into computer networks or anything. Legal hacking, or hacking the law, doesn’t involve anything surreptitious. From an organization standpoint, Legal Hackers is an organization originating from Brooklyn Law School and now a global movement with over… Read More

Crowdfunding VC: Nin Desai Focuses on Investing in Tech

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After years of working for firms like Merrill Lynch and Pacific Crest, Nin Desai decided to launch her own venture Nin.VC. Seeing opportunity in the JOBS Act of 2012 that legalized various iterations of crowdfunding, Nin launched a VC-hybrid firm that allows accredited investors access… Read More

Online Lending at AltFi: A New Phase for a Growing Industry

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  When I realized the 2016 AltFi Conference was at the posh Pierre Hotel on the corner of Central Park, it immediately gave me pause. I remembered 2007 and 2008 when certain mortgage-backed security investment conferences were held at such addresses. Also, is the storied… Read More

Ron Suber on Marketplace Lending: Keep Calm & Lend On (Deck)

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Ron Suber, President of Prosper Marketplace, presented at the Fall AltFi conference in Manhattan yesterday and delivered a keynote address on the status of marketplace lending. Now most industry observers know that  the online lending industry was hit with a one-two punch this year. As the economy… Read More

European Union Stops Harmonization Process for Crowdfunding Rules

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At Crowddialogue Europe in Graz, Austria last week, a panel presentation, moderated by Ronald Kleverlaan, inquired about the status of the European legislation on crowd-investing. Looking back to 2014, with the EU Commission’s Communication “Unleashing the Potential of Crowdfunding”, soon followed by the 2015 Communication “Action Plan… Read More

China: Weiyangx Fintech Review

China Forbidden City Sunset Beijing

Qudian.com announced to exit from campus installment market in which it used to be the leader, and turned their focus on consumer finance. Qudian.com (previously named Qufenqi.com) announced this week that they would exit from the campus installment loan market, and made consumer finance for… Read More

Facebook for Banking? Urban FT Combines Social & Financial

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Urban FT was one of the many different early stage Fintech companies presenting at Finovate last week. Like many of the young companies in attendance, Urban FT is seeking to help old finance become new and thus reinvigorating traditional brands and financial services.  As many… Read More

FrontOffice Shares Jump on Nordic Growth Market Following Crowdfunding Round on FundedByMe

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FrontOffice Nordic AM (FRNT MTF B), a company that conducts corporate restructuring and provides advisory services such as economics, law and finance, raised capital on FundedByMe in early 2016.  FrontOffice raised just shy of €600,000 on FundedByMe. FrontOffice then went on to list its shares… Read More

Why “Special Purpose Entities” Are So Special 

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As securities attorneys, we’ve been getting a fair amount of questions lately on special purposes entities (SPEs), also known as special purpose vehicles (SPVs). What are they? What do they do? Should I choose an SPE over an LLC? (That last one is my favorite)…. Read More

Singapore Continues Push to Dominate Asia Fintech with Swiss Cooperation Agreement

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Singapore has a policy objective to become a global Fintech hub and today they are announcing another step in that direction. The Monetary Authority of Singapore (MAS) has joined with the Swiss Financial Market Supervisory Authority (FINMA) to sign an agreement to engender greater cooperation… Read More

Why DSTLD is a Perfect Fit for Reg A+ : Key Elements to Successful Equity Crowdfunding

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Now I don’t usually use this forum to discuss particular crowdfunding offerings. However, after seeing a recent MSNBC piece on DSTLD, and their current Regulation A+ equity offering, I simply had to highlight their truly model story. I believe many wannabe Reg A+ issuers could… Read More

A Personal Perspective on Title III Investment Crowdfunding

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“So why did you leave law to pursue crowdfunding?” Over the past couple years, I’ve received this question more than any other.  Prior to starting NextSeed in 2014, I was a lawyer for over 7 years specializing in private equity fund formation and private investments. … Read More

To Disclose or Not to Disclose, That is the Question

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In connection with a private offering of securities the issuer will provide potential investors with some form of disclosure document. Regardless of what type of offering it is (e.g. Rule 506, Title III, Intrastate, or other private offering), the intent of this disclosure document is… Read More

White Label Crowdfunding 101: Part II – Players & Profits

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So you want to start a Crowdfunding Portal… In White Label Crowdfunding 101: Players & Profits, (Part II of our three-part series) we will introduce some of the primary white label vendors, sample sites and criteria for vendor selection to help you navigate the options…. Read More