Tagged: crowdcheck

SEC Advisory Committee on Small & Emerging Companies Schedules Next Public Meeting

Sarah Hanks at SEC

SEC Chair Mary Jo White re-animated a previously moribund Advisory Committee on SMEs late last year.  These “small” companies are private companies, as well as those publicly traded, with market capitalizations of under $250 million. This initiative was undertaken in recognition of the importance of small business to the nations well-being.  The next meeting will… 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

Gust Files Patent on Crowdfunding

GUST Patent Exhibit

Gust, a global platform for the “sourcing and management of early stage investments – boasting 45,000 investors with relationships to over 200,000 startups, has filed a patent application on crowdfunding. To be specific Gust (previously known as Angelsoft) filed for: “System and Method for Crowdfunded Investment Clearance and Compliance”.  This filing appears to be related to… Read More

CFIRA To Host Webinar on Regulatory Requirements for Crowdfunding Portals


The Crowdfund Intermediary Regulatory Advocates (CFIRA) is set to host a free webinar this Wednesday, May 1, at 1PM EST regarding the legal and regulatory requirements for investment crowdfunding portals. The panel of speakers include representatives from: Wales Capital Crowdcheck Day Pittney LLP Agenda topics include: – What is a crowdfunding intermediary? – Key regulatory… Read More

CrowdCheck Releases Summary Of Intrastate Crowdfunding Exemptions


CrowdCheck has released the following comparative analysis of intrastate crowdfunding exemptions, providing a concise view of happenings in the various states that are currently considering crowdfunding exemptions. Michigan, North Carolina and Wisconsin are the only states to buck the $1 million annual cap on fundraising for companies making use of the exemptions. All three states… Read More

CrowdCheck Rolls Out Bad Actor Report For Crowdfunding Issuers


For crowdfunding issuers, a bad actor in the ranks could be the difference between a successful campaign and a nightmare scenario. Of course, it can be difficult to determine whether or not an individual is a “bad actor” by the SEC’s standards. This is where CrowdCheck wants to help. The due diligence service provider has… Read More

Canadian Law Firm BLG Cites Crowdfunding As Top Risk For 2014


Canadian law firm Borden Ladner Gervais LLP (BLG) released a risk assessment for 2014. Crowdfunding makes the list at #2 on their list of the top ten business issues with legal implications for the new year. Entrepreneurs, access to capital and the crowd: The Canadian economy lives on the back of small businesses but the ability… Read More

Miami-Based EarlyShares Goes Live With Equity & Rewards-Based Crowdfunding Deals


EarlyShares is a crowdfunding platform based in Miami, Florida. The operation is poised to be one of the leaders in the nascent equity crowdfunding space in the United States, and in light of the implementation of Rule 506(c) that took place in September the platform has now officially launched with a handful of live deals… Read More

SEC Small Business Forum: Takeaways From A Crowdfunding Perspective


The SEC Government-Business Forum on Small Business Capital Formation took place last week at the Securities and Exchange Commission Headquarters in Washington, DC. I will admit that I was very excited to attend this event. This was the first event we attended last year shortly after we founded Crowdfund Insider, and it was my first… Read More

#Crowdfunding News Roundup: November 16, 2013


CrowdCheck Blog | Due Diligence: It doesn’t just protect investors Brian Knight of due diligence service provider CrowdCheck built upon a recent Crowdfund Insider article that explored the circumstances surrounding the Luci project on Kickstarter. Here he explains how due diligence can protect issuers and investors in crowdfunded offerings. Francis, Moran & Associates | Angel investors can’t sit… Read More

CrowdCheck Publishes 25-Page Summary Of Crowdfunding Proposed Rules


Crowdfunding due diligence service provider Crowdcheck has published a 25 page document addressing the SEC proposed regulations regarding Title III of the JOBS Act – otherwise known as crowdfunding. Crowdcheck describes the SEC approach as “Merrill Minus” as opposed to “Kickstarter Plus” and states that few people who are familiar with the highly regulated financial… Read More

NASAA’s 2013 Top Investor Threats Include Warning About Crowdfunding Platforms


Under the direction of Ohio Division of Securities Commissioner Andrea Seidt, the NASAA has recently released an updated list of their top investor threats for 2013. Among them: “unregulated third party service providers,” a category that would include crowdfunding portals. Seidt explained the reason for caution in the wake of the JOBS Act. “With the… Read More

SEC Vote Coming: Proposed General Solicitation Rules May Bring Big Changes


Yesterday general solicitation became legal for issuers opting to make use of the newly-minted Rule 506(c) of Regulation D. The option was added to Form D yesterday, which is available on the SEC’s web site. Some news outlets reported that Form D had to be filed 15 days before general solicitation could occur. That isn’t exactly… Read More

Equity Crowdfunding Webinar for Medtech Scheduled


Scheduled for September 12th, Ronald Trahan Associates Inc. (RTA) announced today that it will broadcast a complementary webinar—“Equity-Based Crowdfunding for Early-Stage Medtech Companies”—on Thursday, Sept. 12, from 11:00 a.m. to 12:00 p.m. EDT. “Crowdfunding is very likely to become a precious funding resource for many could-be-great medical technologies that otherwise would go begging for scarce capital” The webinar… Read More

Small Businesses Need A Seat At The SEC’s Table

securities and exchange commission sec

With the recent confirmation of Mary Jo White as Chairman of the SEC and Kara Stein, and Michael Piwowar as SEC Commissioners, the leadership of the SEC is undergoing significant changes that will affect public policy for years to come. It has been argued that White’s nomination and confirmation by unanimous consent can been seen… Read More

Advertising Private Placements Still An Evolving Process

securities and exchange commission sec

SEC Formally Allows General Solicitation, or Advertising, for Certain Equity Offerings But Process to Accommodate is Still a Moving Target In the wake of Title II hitting the federal register, those active in the world of private placement securities are busy digesting the net effect of this liberating rule regarding general solicitation advertising. For the… Read More

CrowdCheck Releases Memo Outlining General Solicitation, Rule 506(c)


CrowdCheck recently released this extremely comprehensive PDF outlining the changes brought on by the adoption of Title II of the JOBS Act. Title II created a new rule under Regulation D allowing general solicitation advertising for certain private placement offerings. For more, check out our breakdown of Wednesday’s SEC events.

Crowdfunding Leaders form CF50, Global Think Tank


Announces Founding Leadership of Organization.  Return on Change CEO Sang Lee to be Executive Director. Fifty leaders in the global crowdfunding industry are uniting to create a think tank for the advancement of a global crowdfunding ecosystem. CF50 is a nonprofit invite-only membership organization consisting of industry professionals, portal CEOs, academics, and policy makers who… Read More

Breaking Down General Solicitation For Private Placements In The US


Mark your calendar. July 10th was a big day in the fight for increased access to capital in the United States, as well as the overarching timeline of the fledgeling crowdfunding industry. Title II of the JOBS Act mandated a lifting of the ban on general solicitation for private placement offerings, creating a new class… Read More

CrowdIt Partners with Emerging Crowdfunding Services


As the disruptive nature of crowdfunding drives the revolution in capital formation, new companies arise to leverage the new innovation and support industry leaders.  CrowdIt has partnered with several emergent crowdfunding services. CrowdIt  announced that it has teamed-up with several crowdfunding startups that will help provide a network of support and services for their crowdfunding… Read More