Politics

German Agenda Targets Digital Growth But Finance Ministry Contradicts with Draft Law on Small Investors

Thousands of Euros 500

This past week German cabinet ministers voiced their support on a digital future by approving a “Digital Agenda 2014-2017” plan that intends on boosting digital technology and utilization in the economic engine of Europe. Interestingly Germany places 13th in internet connectivity behind both Belgium and the Netherlands.  The plan hopes to increase the number of… Read More

Indiana Secretary of State Promotes New Crowdfunding Law

Indiana Small Businesses Engine of Economy

With a little under two months since investment crowdfunding has been legal in the state of Indiana, Secretary of State Connie Lawson spoke about the new opportunity the intrastate exemption is providing for growing businesses. Speaking about the state’s crowdfunding progress, Lawson stated, “Small businesses are the backbone of our economy so this is an… Read More

StartEngine’s CEO Urges Crowdfunding Leaders to Push SEC to Release Title III Rules

Mary Jo White 865 days and Counting

On Wednesday (August 20th), more than 40 participants from the crowdfunding industry gathered on a call to discuss key topics about the industry’s future. Those on the call were urged to join the #VoteOnCF movement, a campaign that urges the SEC to vote on the proposed rules of Title III.  In a recent article on… Read More

MP Craig Foss Talks Crowdfunding on Snowball Effect

Craig Foss

The Honorable Craig Foss, a member of Parliament in New Zealand and former banker, has shared his opinion on the benefits of equity crowdfunding and peer to peer lending on Kiwi crowdfunding platform Snowball Effect.  The Financial Markets Conduct Act (FMC Act) legalized both equity crowdfunding and P2P lending in New Zealand.  The country has… Read More

Perspective: Investors and Markets Could Benefit from Revising the Accredited Investor Definition

Accredited Investor Qualifcations featured

When Congress passed the JOBS Act lifting the ban on general solicitation in offerings under Rule 506 of Regulation D, it turned these so-called “private” offerings into potentially very public ones.  Since Reg D offerings involving general solicitation can only be sold to “accredited” investors, it also amplified the already central role that the accredited… Read More

Jason Best & Sherwood Neiss to SEC: Vote Now on Title III Crowdfunding Rules

Jason Best and Sherwood Neiss

Crowdfund Capital Advisors principles Jason Best and Sherwood Neiss have joined the growing group of crowdfunding industry participants demanding the Securities and Exchange Commission release final rules on Title III crowdfunding immediately.  In a comment letter addressed to SEC Chair Mary Jo White, Best and Neiss urged the Chair to release final rules now. This… Read More

Seedmatch Responds to German Equity Crowdfunding Regulations

bundesfinanzministerium

The young German equity crowdfunding industry is under threat of excessive regulations under the guise of investor protection.  Earlier this month we reported on the proposed regulatory approach that crowdfunding platform Companisto described as; “… it is clear that the draft law significantly threatens the continued existence of crowdinvesting in Germany. The provisions of the bill… Read More

StartEngine CEO Schedules Open Call to Push Title III, Retail Crowdfunding Forward

Ron Miller

Following the example of the 28 members of Congress who forwarded a letter to the SEC urging them to publish the proposed rules on Title  III of the JOBS Act, some in the crowdfunding industry are taking action and looking to the crowd to join them. This Wednesday, August 20, 2014, StartEngine CEO Ron Miller,… Read More

28 Members of Congress Urge SEC To Move Forward on Title III Equity Crowdfunding

Wanted SEC That Provides Crowdfunding Regulations Mary Jo White

As the days turn into months, and the months turn into years, the JOBS Act, signed into law in 2012, remains an under-utilized piece of legislation due to missing final rules from the Securities and Exchange Commission (SEC).  While the debate continues as to what the final rules should entail – with ongoing questions about… Read More

California Crowdfunding Bill Dies in Appropriations Committee

State of California Seal

  The California bill that would legalize intrastate crowdfunding died in the state’s Senate Appropriations Committee this past week – dashing the hopes of small business leaders and advocates across the country’s most populous state. AB 2096, originally sponsored by Assemblyman Al Muratsuchi, missed the deadline to get out of Committee and thus the Senate Floor… Read More

Research: Women Raise More Funds Than Men on Crowdfunding Platforms

Crowdfunding SeedUps

Assistant Professor of Management at New York University, Jason Greenberg and Assistant Professor at the Wharton Business School at University of Pennsylvania, Ethan Mollick recently released research titled, “Leaning In or Leaning On? Gender, Homophily, and Activism in Crowdfunding,” that revealed evidence that women are turning to crowdfunding platforms more than men. According to the abstract… Read More

Alabama’s Securities Commission Holds Crowdfunding Seminars & Answers Entrepreneurs Questions

alabama-securities-commission

Just a few months after Governor of Alabama, Robert J. Bentley, signed a crowdfunding exemption bill, which allows businesses that are located in the state to raise up to $1 million, the state’s securities commission held a few seminars this week to discuss what the legislation real means to entrepreneurs. WHNT 19 News reported the… Read More

Gil Fulbright’s Honest Politician Crowdfunding Campaign Closes Over $114,000 on Indiegogo

Gil Fulbright The Honest Politican 4

Ready to put an end to political corruption in the state of Kentucky, Gil Fulbright launched a crowdfunding campaign on Indiegogo last month for his new project called The Honest Politician. Within a few hours of its debut on the crowdfunding giant’s platform, the campaign reached its initial $20,000 and by the closing date, it raised… Read More

Brief: Proposed Rules For Crowdfunding in D.C.

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Regulators in Washington D.C. are proposing a new set of rules for crowdfunding that will allow the district’s businesses to raise up to $2 million a year.  A new twist in the intrastate crowdfunding movement as this would be “intra-district”. Washington Business Journal reports Department of Insurance, Securities, and Banking (DISB) issued the proposal that… Read More

Nine Senators Submit Letter to SEC Opposing State Blue Sky Preemption

Nine Senators Opposed to State Preemption Blue Sky Title IV JOBS Act

In the ongoing debate about various aspects of the JOBS Act that legalizes equity crowdfunding, nine US Senators have submitted a comment letter to the SEC opposing the move to preempt state “Blue Sky” review.  The pre-emption of state review under Title IV of the JOBS Act, also known as Regulation A+, has been recognized… Read More

FCA Consultation on Social Media Use Met with Trepidation

Beware of Twitter Social Media

The Financial Conduct Authority has just released their guidance consultation on social media use within the financial industry and some crowdfunding industry followers remain concerned about the direction the document is taking. Sharon Flaherty, founder of boutique content marketing consultancy BrandContent, shared her opinion on the FCA guidance publication; “As predicted, the long-awaited social media… Read More

Mayday PAC Will Target Eight Congressional Races, Announces Three Candidates

Jim Rubens

Mayday PAC earlier ran a crowdfunding campaign that raised over $5 million as part of their project to buy back elected officials that are representative of the nation.  The organization announced today three of the congressional races they will be supporting while simultaneously announcing they will expand the number of races they will fund from… Read More

George Osborne: “I want the UK to lead the world in developing Fin Tech”

Chancellor of the Exchequer George Osborne

The United Kingdom has focused great attention and energy on encouraging an economic environment of innovation and entrepreneurial growth.  While actions always speak louder than words from a US perspective, we sometimes look with envy at what is occurring the UK and not happening in the US.  Granted not all is rosy across the Atlantic… Read More

Financial Conduct Authority Releases Guidance Consultation on Social Media Use

Social Media

The Financial Conduct Authority (FCA) has published their much anticipated guidance consultation on usage of social media by the financial industry.  Specifically in regards to promotion of services and offerings.  The publication is open for comments by interested parties until November 6, 2014.  The regulatory agency is attempting to manage the fast growing communication space… Read More

Assetz Capital Responds to Osborne’s Announcement Regarding SME Borrowers

Stuart Law

Reacting to George Osborne’s recent announcement that the Government will require banks to refer rejected SME borrowers to alternative funding providers, Stuart Law, CEO and Founder of Assetz Capital, one of the UK’s fastest-growing and largest P2P business lenders, commented: “Osborne’s plan to require banks to refer rejected SME borrowers to alternative providers is good in… Read More