Politics

The Establishment of Equity Crowdfunding in Thailand & the Strengthening of Thai SMEs for the ASEAN Single Market

Thailand New Equity Crowdfunding Market

The Importance of Equity Crowdfunding in Thailand On 16 May 2015, the notification of the Capital Market Supervisory Board such as the notification no.: TorChor. 7/2558 regarding regulations on offer for sale of securities through electronic system or network TorChor. 8/2558 regarding rules, conditions and… Read More

ECN Released Joint Declaration on the Capital Markets Union: Speaking with “One Voice”

European Crowdfunding Network ECN

The European Crowdfunding network (ECN) released a Joint Declaration on the Capital Markets Union, together with seven other significative European federations representing capital market players and SMEs including AFME, EBF, Eurochambres, EBAN, EBN, European Issuers and Business Angels Europe and the European Crowdfunding Network. “Joining forces for the first time with other organizations representing capital market players… Read More

EU Conducts Survey on Perceptions of Investment Crowdfunding

european commission

The Financial Services Users Group (FSUG) has launched a survey to measure perspectives on crowdfunding across the European Union. The FSUG is a “consultative group” for the Commission and is targeting investor opinion regarding both debt and equity crowdfunding platforms. The notice of the survey… Read More

It’s Official – the FinTech Revolution has arrived, according to The Economist!

Economist Fintech Revolution

Is this a defining moment? For many I suspect it will be – although to judge by the comments, some of them who clearly think that the trust that the banks squandered long ago is still in place, other who clearly see the old order… Read More

Watch: House Committee on Small Business Discusses Peer to Peer Lending

rajkamal iyer

The House Committee on Small Business held a hearing this past week to discuss peer to peer lending.  With the influx of institutional funds into P2P lending platforms, many direct lenders are taking up the banner of “Marketplace Lending”.  This does not mean small investors… Read More

In Canada, Crowdfunding Approved By Six Provinces; Ottawa To Develop Separate Standards

Canada Flag

  Provincial securities regulators in British Columbia, Saskatchewan, Manitoba, Quebec, New Brunswick and Nova Scotia announced Thursday that they will permit startup and early-stage companies to issue shares to investors through crowdfunding websites, according to the Globe and Mail. However, Ottawa stated that it will not take… Read More

Moving On: Commissioner Daniel Gallagher Expected to Depart SEC After Four Years

Daniel Gallagher Title IV

One of the most vocal advocates for small business and rational rule making is leaving the Securities and Exchange Commission.  Daniel Gallagher, an SEC Commissioner for the past four years, has reportedly told multiple people he is ready to move on after a vocal tenure… Read More

Funding Circle’s Sam Hodges Presents at the House Committee on Small Business​ Hearing

Sam Hodges Funding Circle

In a Wednesday hearing titled “Bridging the Small Business Capital Gap: Peer-to-Peer Lending,” Funding Circle‘s co-founder and managing director Sam Hodges presented to the House Committee on Small Business​. According to the committee’s website, “The purpose of the hearing was to examine the rise of peer-to-peer lending platforms… Read More

House Financial Services Committee will Discuss Proposals to Enhance Capital Formation Including Venture Exchanges

Washington DC Capitol Building

The House Subcommittee on Capital Markets & Government Sponsored Enterprises, part of the Financial Services Committee, will meet today (Wednesday, May13th) to discuss multiple proposals designed to improve access to capital for SMEs.  Smaller businesses generate the bulk of economic growth, and correspondingly job creation,… Read More

In Australia, New Tax Incentives For Startups, Specifically Around Crowdfunding

australia banknotes wallet

In Australia, startups recently received good news from Treasurer Joe Hockey: new tax incentives for startups, specifically around crowdfunding, also known as crowd-source equity funding (CSEF), notes Gizmodo Australia. The tax incentives are part of the new 2015-16 federal budget. Gizmodo notes, [AU] $7.8 million will be spent getting the… Read More

Taxing Crowdfunds: Canary Wharf Hack Moot In The Face of Brussels Butchery of EU VAT Laws

European Market Fruit

EU Poised to Tax Crowdfunding Campaigns Potentially Killing Off Source of SME Funding Will Crowdfunders from the US and across the world be caught in the crossfire as the EU quietly prepares to declare war on the Internet’s behemoths? The European Union is considering the… Read More

China Banking Regulatory Commission Said to Ban High Risk P2P Products

Flag_of_the_People's_Republic_of_China

With final regulations expected this coming June, details continue to trickle out regarding the approach the China Banking Regulatory Commission (CBRC) will take in cracking down in a rather chaotic peer to peer lending industry in China. China is presently the largest peer to peer… Read More

Congressional Committee on Small Business to Discuss Peer to Peer Lending

Majesty of Law Rayburn House Office Building Washington DC

The Committee on Small Business, in the US House of Representatives, will discuss peer to peer lending on Wednesday, May 13th, at the Rayburn House Office Building.  The hearing is entitled Bridging the Small Business Capital Gap: Peer to Peer Lending. According to a notice from… Read More

STATE OF THE STATES: An Update On Intrastate Crowdfunding

Intrastate Crowdfunding Map May 2015

Normally when I write about updates on intrastate crowdfunding legislation it’s simply to let readers know that one, two, maybe even as many as three states have either enacted or proposed new legislation. Not this time, however, as the first quarter of 2015 has brought… Read More

Florida Legislature Approves Crowdfunding Bill. Governor Scott Will Sign into Law this Week

Captiva Sunset

Both the Florida state Senate an House passed crowdfunding legislation and the bill has moved to the desk of Governor Rick Scott where it is expected to be signed into law this week. This is not the first time the Sunshine state attempted to legalize… Read More

How Do You Create a Robust Secondary Market for SMEs? Watch this Video to Find Out

David Weild Cromwell Coulson Thaya Knight

The subject of venture exchanges, or secondary markets for small cap companies, is a hot topic right now.  Sparked in part by the signing of the JOBS Act, and the new securities exemptions now coming into play, investing in SMEs is better for everyone if… Read More

Ron Suber: Where We Are Today & The Future of Marketplace Lending (Video)

Ron Suber Prosper

Ron Suber, President of Prosper – one of the leading peer to peer lenders in the US, delivered one of the keynote presentations at the LendIt conference held in Manhattan last month.  Suber really did not focus on his company but instead gave a high level… Read More