Politics

SEC Investor Advisory Committee Meeting (Video)

Barbara Investors Committee SEC

The Investor Advisory Committee (IAC) of the SEC met last week to tackle several pressing issues that are on the agenda at the Commission today.  One of the items on the agenda was the definition of an “accredited investor”.  For most people this is an arcane issue that merits little attention, but once you dig… Read More

The Definitive Guide: Intrastate Crowdfunding Exemptions

Intrastate Crowdfunding Exemptions as of July 2014

With the Securities and Exchange Commission (SEC) dragging its feet on enacting Regulation CF pursuant to Title III of the JOBS Act, many states are taking action and passing their own intrastate crowdfunding exemptions. While these only pertain to businesses and investors within a particular state they can provide financing opportunities especially from a local… Read More

FCA Accused of Gagging Social Media Use with Equity Crowdfunding

Stop Social Media

  According to a release by the CrowdfundingCentre, a briefing and submission to Ministers handed to Treasury officials documents how the FCA (Financial Conduct Authority) is abusing legislation created before the social web existed to gag its use with equity crowdfunding. The report states the action, which extends to gagging anyone even mentioning a crowdfund… Read More

Ratesetter CEO: British Business Bank to Start Using Ratesetter Platform

The British Business Bank

Peer to peer (P2P) lender Ratesetter received another round of good news as CEO Rhydian Lewis announced publicly the British Business Bank will start lending through the Ratesetter platform on July 21st.  The government owned entity was created to make financial markets work more effectively for small business. We are pleased to let our customers… Read More

SeedInvest Launches #SaveAngelInvesting Campaign

Startups Economic Growth SeedInvest

Equity crowdfunding portal SeedInvest has been at the forefront of championing the cause of investors and small business by battling the forces that want to deny many the opportunity to participate in certain offerings deemed only available for “accredited investors”.  As the definition stands today an individual must earn $200,000 to qualify ($300,000 if you… Read More

Investor Advisory Committee Decides to Seek More Data Before Recommendation on Accredited Investor Definition

SEC Investors Advocate Questioned

The Securities and Exchange Commission hosted a meeting of the Investor Advisory Committee yesterday where they tackled the very important issue of defining an “accredited investor”.  Barbara Roper, the Chairman of the ‘Investor as a Purchaser Subcommittee’ closed the meeting without recommendations on altering the definition, stating their intent to meet with DERA (the economic… Read More

Kickstarter to FCC: We Support an Open Internet

Net Neutrality Tom Wheeler FCC Chairman

Destroying Net Neutrality has implications far beyond Kickstarter. Yancey Strickler, CEO of crowdfunding giant Kickstarter, has posted today affirming their support on the subject of Net Neutrality – something that should concern us all. Kickstarter has filed an official comment with the FCC expressing their opinion on the issue. As posted on the Kickstarter site:… Read More

SeedInvest to SEC: “Increasing Accredited Investor Thresholds Would Be Disastrous for Small Business”

Sins of Excessive Regulations

On the day when the SEC’s Investor Advisory Committee is scheduled to discuss the definition of an “Accredited Investor”, SeedInvest – one of the leading equity crowdfunding portals in the United States- has posted a comment letter to the SEC stating their research indicates, “an increase to the accredited investor thresholds would be disastrous for… Read More

Reminder: SEC Investor Advisory Committee Set to Meet, Definition of Accredited Investor Will Be Reviewed

SEC Investor Advocates

The Securities and Exchange Commission Investor Advisory Committee (IAC) is set to convene tomorrow, July 10th, at the SEC headquarters in Washington, DC.  On the committees’s agenda is the important topic of the definition of an “accredited investor”. Recently Crowdfund Insider published an article by Anthony Zeoli who discussed how Changes to “Accredited Investor” definition could… Read More

Open Letter to the SEC: Please Don’t Hang Up on Small Business (And Please Don’t Put Small Business on Hold)

Phone Booth Hangup

Some of you who read my article on July 1, 2014, entitled “Intrastate Crowdfunding at Risk -Has Intrastate Crowdfunding in Washington State Been Washed Out by NASAA and the SEC?” may have concluded that I was making a mountain out of a mole hill – or perhaps that I was being too harsh on the… Read More

Mayday PAC Beats $5 Million Crowdfunding Goal

Mayday PAC hits goal

Mayday PAC, a campaign to take back the broken political system that has frustrated the populace of the “most powerful country in the world” hurdled past the $5 million fundraising target that had a deadline of the 4th of July.  Just a few days prior to the campaign end the amount raised was far short… Read More

New Zealand’s FMA Ready to Grant The First Licenses to Equity Crowdfunding Platforms

FMA

With entrepreneurs continuing to wait to take advantage of equity crowdfunding in various countries, New Zealand’s Financial Market Authority (FMA) announced some exciting news about the funding option. In a report by Stuff, FMA spokesperson Andrew Park declared the financial regulator is ready to grant its first licenses to equity crowdfunding platforms within two weeks…. Read More

Equity Crowdfunding is in Need of Leadership

State of the Union Congress and Senate

Your Leadership, Freedom & Independence this 4th July. Dear Mr President, Your leadership is needed in a matter which affects America and us all. A matter of removing an ongoing source of inequality which continues to disfigure both democracy and capitalism in America and worldwide. I believe it is in your gift to right an… Read More

European Crowdfunding Stakeholders Forum Lists 40 Members

European Union Growth

The European Crowdfunding Stakeholders Forum (ECSF) has finalized their initial members and posted their proposed rules that are expected to be present at the groups first meeting.  The deadline for applications was May 16, 2014 with the announcement being made by the EC this past week.  The segment of the EC that has over site… Read More

Texas Prepares for Equity Crowdfunding

Texas State Capital Building in Austin

Earlier this year, the Securities Board of the State of Texas had proposed rules on intrastate crowdfunding As previously reported, the new legislation will go into effect next month and as with other state investment crowdfunding laws, the intent is to facilitate capital to small businesses and startups – companies that are vital to the… Read More

Crowdfunding Day in Indiana as State Exemption Goes Live

Indiana Small Businesses Engine of Economy

A growing number of states have taken it upon themselves to push forward with investment crowdfunding while the SEC still ponders Title IV and Title III of the JOBS Act. While Title II of the fabled bill has been in effect since September of 2013 – this crowdfunding exemption serves only to cater to the… Read More

Intrastate Crowdfunding at Risk

NASAA Letter Quote North American Securities Administrators Association

Has Intrastate Crowdfunding in Washington State Been Washed Out by NASAA and the SEC? On May 5, 2014, I published an article in Crowdfund Insider highlighting recent informal “rulemaking” at the SEC Division of Corporation Finance, which in my opinion quietly dampened the efforts of three states to implement their own brand of intrastate crowdfunding:… Read More

SEC Investor Advocate Submits Inaugural Report to Congress

Rick Fleming

The Office of Investor Advocate (IA), a new role mandated by Dodd-Frank, has submitted its inaugural report to Congress.  In February of this year, SEC Chair Mary Jo White appointed Rick A. Fleming as the first Investor Advocate for the SEC. Fleming, a well known figure in the halls of the SEC, was previously counsel… Read More

Comment Letter on Blue Sky Review Preemption Submitted by a Handful in Congress

Disaster Thud Kaboom

Several members of congress (20 to be exact out of 435) submitted a comment letter to the SEC earlier this month that attacked the proposal to preempt blue sky review at the state level.  The letter takes the position that it was not the intent of Congress to preempt state authority regarding new rules for… Read More

Investor Advisory Committee Schedules Meeting, Will Discuss Accredited Investor Defination

Barbara Roper Investor Advisory Committee

The Securities and Exchange Commission has created an Investor Advisory Committee (IAC), as mandated by Dodd-Frank, to advise the SEC on regulatory practices and priorities.  You would think the SEC would get tired of all of these outside advisors but that is the world of a federal institution. Dodd-Frank directs the IAC to submit their… Read More