Politics

Colorado’s Equity Crowdfunding Law Is Set to Go Live August 5th

Governor John Hickenlooper gives his State of the State speech at the state capitol in Denver, CO.

Just four months after Colorado announced its equity crowdfunding law, the Centennial State’s government officials announced that its residents will be able to participate in equity funding projects starting this upcoming Wednesday. Governor John Hickenlooper signed the Colorado Crowdfunding Act into law back in April, which will allow the state’s… Read More

Complete Testimony on Crowdfunding by Doug Ellenoff to House Committee

Doug Ellenoff

    Doug Ellenoff, a leading attorney and advocate in the equity crowdfunding sector, visited our elected officials on Capitol Hill this past week to deliver an update on the status of crowdfunding in the United States.  Crowdfund Insider posted the video here, but unfortunately… Read More

FCA Appoints Christopher Woolard to its Board

Christopher Woolard on BBC

The Financial Conduct Authority (FCA) has announced the appointment of Christopher Woolard to its Board.  Woolard is currently the Director of Strategy and Competition at the regulatory entity.  Woolard has been a member of the FCA executive committee since the FCA was created from the… Read More

Eric Cantor Pounds the Table on Finalizing Title III Crowdfunding Rules

Eric Cantor

Eric Cantor spent 13 years in the House of Representatives, the last three as House Majority Leader.  After losing a primary battle that surprised just about everyone, Cantor took a new day job as Vice Chairman of investment bank Moelis & Company. Even though Cantor is… Read More

PM David Cameron Backs the UK FinTech 2020 Manifesto: Aims to be Leading Global Fintech Centre

UK

UK Prime Minister David Cameron has backed the UK FinTech 2020 manifesto created by FinTech trade body Innovate Finance, according to a release. The manifesto, which was released as Cameron leads a trade delegation of British FinTech leaders to South East Asia this week, aims… Read More

InvestUp CEO James Tuckett Talks Crowdfunding: “2015 is a Watershed Year”

James Tuckett

This week Crowdfund Insider featured Chris Tyrell’s post “Crowdfunding is Impacting the Global Economy” and Rodrigo Niño’s post “Crowdfunding: From Impossible, to Improbable to Inevitable in less than 10 years,” James Tuckett, CEO of investUP adds to this exciting conversation below as he shares his insights in a release regarding… Read More

Doug Ellenoff: Thousands of Entrepreneurs Have Raised Capital Under Title II Crowdfunding (Video)

Doug Ellenoff

House Minority Whip Steny Hoyer presided over the Second “Make it in America: What’s Next?” hearing held on Capitol Hill today (July 28th).  These presentations are designed to address the economic landscape; the challenges and potential solutions. Attorney Doug Ellenoff, partner at the law firm… Read More

Lawrence Lessig Out as CEO Of Mayday PAC. Replaced by former New York Governor Candidate Zephyr Teachout

Zephyr Teachout

Lawrence Lessig, the Harvard Professor and serial gadfly turned PAC operator, is out as CEO of Mayday PAC – an entity he created to fix the world of money and politics. Lessig is being replaced by law professor, and former New York governor candidate, Zephyr… Read More

Orchard Provides Feedback on Recent US Treasury Interest in Marketplace Lending

US Department of Treasury

  Last week Crowdfund Insider published a report on how the US Department of Treasury was investigating marketplace lending and the rising prominence of online, direct lenders. While the interest is certainly understandable, anytime the government shows up – industry gets concerned.  While Treasury stated their… Read More

European Securities & Markets Authority Warns on Crowdfunding & Money Laundering / Terrorist Financing

Euros 200 Money

The European Securities & Markets Authority (ESMA) has published a Q&A addressing the potential for nefarious characters to abuse investment crowdfunding to launder cash or provide financing to terrorist organizations.  This is a subject the traditional banking sector knows rather well as they are subjected… Read More

An ‘A’ For Michigan’s Initiative With Patronicity: Program Completes First Year With 97 Percent Success Rate

patronicity michigan

  “I was hoping for a 50 percent success rate,” said Katharine Czarnecki, community development director for the Michigan Economic Development Corp.’s (MEDC) “Public Spaces, Community Places” initiative, a partnership with crowdfunding platform Patronicity and the Michigan Municipal League. Czarnecki oversees the program, and was quoted… Read More

Just Released: China’s New Guidelines For Online Finance Market

Great Wall of China

    With China’s stock market crash still recent, the People’s Bank of China (PBC) released guidelines for the country’s rapidly burgeoning online finance market at the start of this weekend, outlined in a document published by the PBC.  The peer to peer lending industry in… Read More

Whatever Happened to the Crowdfunding Patent Lawsuit?

Crowdfunding Patented torn

Back in January of this year, Crowdfund Insider covered a patent lawsuit that sought to challenge many of the prominent US crowdfunding platforms in operation today.  This included both rewards/donations and investment crowdfunding platforms.  AlphaCap ventures, a company that has been described as a patent troll,… Read More

Martin Wheatley to Depart FCA in September

Martin Wheatley

Martin Wheatley, the current FCA CEO, has announced his departure from the regulatory agency as of September 12, 2015. Wheatley will continue to advise the FCA board until January of 2016. Tracey McDermott will be taking over as Acting CEO from September 12 while the search for… Read More

UK Government Publishes Consultation on Deduction of Income Tax from Interest on Peer to Peer Loans

Peer2PeerLendingUK

The UK Government has published a consultation paper on the deduction of income tax from interest on peer to peer lending. Closing comments are expected by September 18, 2015. The query tackles the issue of who should deduct and pay taxes. The challenge is not… Read More

Feds Seek More Info on Growing Marketplace Lending Platforms

United States Treasury

The Treasury Department has published an RFI on the operating environment surrounding Marketplace Lending. Previously labeled “Peer-to-Peer lending”, as the industry has grown a more diverse ecosystem has evolved. Today much of the funding is from institutions and a lesser portion is coming from smaller investors. The RFI… Read More

SEC Launches Probe of Pre-IPO Tech Stock Sales Transactions

Wanted Private Transactions

  What started as an action against a single company in late June has evolved into a probe of an entire industry. As reported by the Wall Street Journal late last week, the Securities and Exchange Commission (SEC) has launched a new probe spurred by… Read More