Tagged: jobs act

NASAA Proposes State Filing Requirement for Reg CF Issuers. Industry Advocate Says this “Screams of Greed & Fear”

Judith Shaw at SEC IAC

Last week on day one of Reg CF, the North American Securities Administrators Association (NASAA) posted a request for comments on a proposed rule.  NASAA desires the requirement of an additional filing for Reg CF issuing companies to be completed in those states where either… Read More

Food Community Nextdoorganics Launches Title III Offering on WeFunder

NEXTDOORGANICS_058

Just a couples days after Title III rules of the JOBS Act went into effect, New York-based food community, Nextdoorganic, has launched a crowdfunding campaign on WeFunder to raise funds for expansion. The company currently operates a 1,700-member food community in Brooklyn, New York. Members of the community notably… Read More

SeedInvest’s Ryan Feit on Title III of the JOBS Act: “Kickstarter With Equity Kicks in Today”

Ryan M. Feit SeedInvest Headshot

Ryan Feit, CEO of equity crowdfunding platform Seedinvest, has issued a letter about the new Title III of the JOBS Act rules, which just went into effect on Monday. Under the new rules, the general public may now invest in capital raising by start-up companies through crowdfunding…. Read More

OTC Markets to Host Retail, Consumer Technology & Crowdfunding Workshop in Los Angeles

Jason Paltrowitz

OTC Markets Group Inc. (OTCQX: OTCM), operator of open, transparent and connected financial markets for 10,000 U.S. and global securities, announced on Monday that it is hosting a retail, consumer technology and crowdfunding workshop,”Consumers as Investors – Redefining Financing Options for Entrepreneurs,” in Los Angeles… Read More

Raise Funds from the Public Without Going Public & May the 16th Be With You!

The Signing of the JOBS Act Framed

  “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” ― R. Buckminster They say, if Monday had a face, we all would like to punch it. But surely not today, Monday, May 16th, 2016, the day… Read More

What is Title III Crowdfunding and Why Should I Care?

REGULATION CF TITLE III

Overview of the regulatory framework Although the Jumpstart Our Business Startups or JOBS Act was passed in April of 2012, the rules implementing Title III of that Act relating to retail investment crowdfunding have been a long time coming. They were finally promulgated on October… Read More

Bipartisan SEC Small Business Advocate Bill May Soon Become Law

S. 2867 Small Business Advocate

The bipartisan SEC Small Business Advocate Act of 2016 (HR 3784) sponsored by Representatives Duffy  (R-WI) and Carney (D-DE), cruised through the House of Representatives earlier this year.  The bill seeks to create a firmer voice advocating on behalf of small business within the Securities and Exchange… Read More

OneVest Co-Founder Criticizes Title III Equity Crowdfunding in Open Letter

Alejandro Cremades

OneVest co-founder and Executive Chairman Alejandro Cremades has published an open letter criticizing the structure and requirements of Regulation CF under Title III of the JOBS Act.  Cremades notes that while the Act appeared promising back in 2012 when the final rules were announced his… Read More

Four Years Later, the SEC Completes All the Rulemaking Under the JOBS Act

Mary Jo White

The Securities and Exchange Commission (SEC) has adopted amendments to implement the JOBS Act and FAST Act Changes for Exchange Act Registration requirements. These amendments udpate rules regarding thresholds of registration and suspension of reporting under Section 12(g) of the 34 Act. These updates implement provisions… Read More

Perspective on Crowdfunding: This New Industry Will Flourish

Washington Monument DC

  Two years after Title II of the JOBS Act, known as 506(c), went into effect well over one billion dollars of financings have been closed through online funding portals under this provision and 506(b). The year over year growth has been substantial.  Entrepreneurs and… Read More

The Fix Crowdfunding Act is Mostly About Investor Protection

Protect and Serve Police

  Last week the House Subcommittee on Capital Markets, part of the powerful House Financial Services Committee, debated several important bills that may boost access to capital for SMEs.  One of the bills, the Fix Crowdfunding Act (HR 4855), has the profound potential to turn… Read More

Crowdfunding is Crowdfunding to a Crowd: But Any Other Name Would Work As Well

The Crowd Benjamin Money Stadium

Exploring the dynamics of equity crowdfunding and provoking thought about what crowdfunding means to you.  Crowdfunding has always existed, and will continue to exist, as long as there are people and scarcity of resources. People have pooled and transferred resources for the benefit of another,… Read More

Busted for Crowdfunding? It’s Rehab Time on Capitol Hill This Week!

Handcuffs Busted Arrested

  In my last article on Crowdfund Insider, entitled: “JOBS Act Crowdfunding Begins on May 16, 2016: Don’t Get Busted for Solicitation!,” I warned of one of the hidden dangers for companies embarking on a Title III equity crowdfunding campaign – which goes live on… Read More

Crowdfunding Portals or Broker Dealers: Department of Treasury Amends Definition of Broker Dealers to Accommodate Title III Platforms

US Department of Treasury

The US Department of Treasury, via the Financial Crimes Enforcement Network (FinCEN), has published a proposed rule change that impacts the definition of a funding portal under Title III of the JOBS Act. This new rule-making would amend some definitions to include funding portals. Specifically,… Read More

Reg A+: A Successful First Year Despite Regulatory Ambiguities 

Regulation A+ SEC

The “democratization of investment” in historically closed industries have been the buzzwords of choice since the JOBS Act was signed into to law in 2012. But only since March 25, 2015, when the SEC voted to adopt the proposed rules implementing Title IV, was access… Read More

Crowdfunding Platforms Must Be Conscientious In Disclosing Borrower Credit Information

Guard Safety

  In translating the JOBS Act into final regulations, the SEC sought to protect investors in myriads ways: limiting certain opportunities to accredited investors, implementing caps on the annual amount certain investors may invest, and requiring certain disclosures, among other things. Understandably, the bulk of… Read More

JOBS Act Crowdfunding Begins on May 16, 2016: Don’t Get Busted for Solicitation!

Solicitation from Wikipedia by Kay Chernush for the U.S. State Department

  It’s been five months or so since the SEC published its long awaited investment crowdfunding rules.  Though Congress dictated that this task be completed by the end of 2012, the SEC missed the mark by nearly three years.  Now, with rules in hand, and… Read More

OTC Markets CEO Cromwell Coulson: “Online Securities Offerings are Completely Disruptive”

Fortune Cookie Small Wins Big Successes

The odyssey of Elio Motors (OTCQX:ELIO) and the process of raising capital online is notable not because of the fact it raised $17 million on StartEngine  and then quickly followed with a listing on the OTCQX but because it is a “first”. As all forms… Read More