Tagged: jobs act

Steve Wallman, Former SEC Commissioner & Founder of Folio Investing, Reflects Upon Title III Equity Crowdfunding Rules

Steve Wallman Quote

Steve Wallman spent a good portion of the 90’s at the Securities and Exchange Commission.  Appointed by President Bill Clinton in 1994, Wallman’s official bio at the SEC notes that his tenure was marked by the creation of the first Advisory Committee on Capital Formation… Read More

Congress Must Fix Title III Investment Crowdfunding, No Startup Will Touch it Unless Congress Acts

State of the Union Congress and Senate

I spent a lovely weekend reading (and re-reading) all 685 pages of the final SEC rules of Title III the Jobs Act. Ah, the joy of memorizing regulations! We helped Congress pass the JOBS Act back in 2012, to help everyone — no matter how wealthy — invest as… Read More

WeFunder to SEC: Title III Critical Flaw Harms Investors

Dear SEC

Investment crowdfunding platform WeFunder, a site that has raised over $10 million using Accredited Crowdfunding, sees a serious flaw in final rules of Title III of the JOBS Act.  In a recent open letter to the SEC, WeFunder CEO and co-founder Nicholas Tommarello said while… Read More

SeedInvest to State of Washington: Please Do Not Create an Unwarranted Bottleneck for Reg A+ Issuers

A +

Investment crowdfunding platform SeedInvest has responded to proposed rules the state of Washington has hoisted up the securities regulation flag pole regarding Regulation A+.  In brief, SeedInvest wants to to “Save Regulation A”, according to a post on their blog. As enacted under Title IV… Read More

Slava Rubin Pens New Article About Equity Crowdfunding: “How Indiegogo and Title III Are Eliminating Gatekeepers”


Offering up an insight on Indiegogo’s equity crowdfunding future, CEO Slava Rubin published a post on Linkedin titled How Indiegogo and Title III Are eliminating Gatekeepers. Rubin shared: “Before we started Indiegogo in early 2008, a select group of elite gatekeepers were responsible for determining which… Read More

Final Title III Crowdfunding Rules: Five Major Developments

Four SEC Commissioners Voting on TItle III White Aguilar Klein Piwowar

For most people, digesting the 686 pages of the final Title III rules over the weekend would be some sort of Tartarus-like punishment.  Yet for me, after 3 ½ years of waiting, it was the equivalent of unwrapping a present, with each sentence laying out… Read More

Erin Glenn, CEO of Quire: We are Ready to Democratize Access to Private Company Investing

Quire Prepares for Crowdfunding under Title III

Equity Crowdfunding Platform Quire Prepares to Leverage New Title III Crowdfunding Rules Quire, originally operating under the name Alphaworks, is part of the Betaworks ecosystem.  Betaworks is a startup factory and seed stage VC company that is associated with some big VC names. Betaworks, founded… Read More

DERA: Analysis of Unregistered Securities Offerings (Document)

$50 Grant

Title II, 506(c), Equity Crowdfunding has Raised $33 Billion to Date. The unregistered securities market in the US is huge. In fact in 2014, over $2 trillion of capital was raised using unregistered securities largely using Regulation D. This is revealed in a white paper… Read More

Final Crowdfunding Rules Under Title III of the JOBS Act of 2012 (Document)

US Capitol Green Light Go

The Securities and Exchange Commission has published the final rules regarding Title III of the JOBS Act that legalizes retail crowdfunding.  While the Form Funding Portal and updated Form ID will be effective January 29, 2015, these regulations will not become actionable until 180 days… Read More

What the Crowdfunding Opportunity Under Title III Will Mean for Small Businesses

Karen Kerrigan President and CEO of SBE Council

When we showed up in Washington, D.C., Karen Kerrigan, of the Small Business and Entrepreneurship Council, became a champion for our cause to legalize debt and equity crowdfunding. Karen, and the SBE Council, is the closest thing small businesses and entrepreneurs have to a lobby… Read More

US Senator Bennet Welcomes Final Rules on Title III, Equity Crowdfunding

Michael Bennet

The senior Senator from Colorado, Michael Bennet, welcomed the announcement by the SEC today that revealed the regulatory framework for Title III, equity crowdfunding.  According to Senator Bennet, equity  crowdfunding will provide a new avenue for small businesses and startups in Colorado to acquire capital… Read More

StartEngine Welcomes the Finalization of Title III Equity Crowdfunding Rules

Ron Miller

On Friday, StartEngine announced its support for the finalized rules of JOBS Act’s Title III that allows non-accredited equity crowdfunding.  Startups and SMEs will soon be able to raise up to $1 million in equity funding. The SEC’s four commissioners voted 3-1 on Friday morning… Read More

Title III Crowdfunding: Talking About a Revolution

SEC Commissioners Announce Final Rules on Title III Crowdfunding

What took place this morning is nothing short of revolutionary. For the first time in the history of the Securities and Exchange Commission (82 years), retail investors (ordinary people without income, wealth or sophistication qualifications) will be able to invest in private businesses en mass…. Read More

SEC Chair Mary Jo White Opens Commission Meeting on Crowdfunding

Mary Jo White October 30 2015

Securities and Exchange Commission Chair Mary Jo White opened up the meeting on Title III crowdfunding and rules impacting intrastate crowdfunding today with an explanatory statement on the agencies rule making process.  The much-anticipated announcement incorporated several changes  which will be well received by the… Read More

CEI’s John Berlau on Forthcoming Title III Rules: SEC will Eliminate Burdensome Requirements

John Berlau

Anticipating the forthcoming vote and final rules on Title III, retail crowdfunding, later today by the SEC, John Berlau from the Competitive  Enterprise Institute believes the Commission will provide much needed regulatory relief; Today’s equity crowdfunding rules from the Securities and Exchange Commission implementing Title… Read More

Brief: Agenda Published for SEC Commission Meeting on Title III Crowdfunding

SEC Securities and Exchange Commission Green

The SEC has updated their site to reflect a more defined meeting for tomorrow’s meeting of the Commission to reveal Title III, retail crowdfunding final rules.   The SEC will have  representatives of the Division of Corporate Finance in attendance to present information, similar to… Read More

11 Big Questions Heading Into Tomorrow’s SEC Crowdfunding Vote

SEC Questions

At long last (3 years, 6 months, 25 days since signing of the JOBS Act to be exact), we will get Title III equity crowdfunding rules tomorrow potentially opening up a new novel avenue for small businesses to raise capital. When the original rules were… Read More

Final Rules for Title III, Retail Crowdfunding, to be Announced by SEC this Friday

SEC Securities and Exchange Commission

The Securities and Exchange Commission (SEC) will reveal the final rules regarding Title III of the JOBS Act this Friday, October 3oth.  The long-awaited regulations will mark the completion of the bi-partisan bill that was signed into law over three years ago. Presently Title II… Read More

Who Will Be ‘The’ Venture Exchange? Nasdaq Acquires SecondMarket, Leader In Secondary Trading Market

Nasdaq Venture Markets

Before Facebook’s IPO, there was SecondMarket: a leader in the secondary trading market, which enables repurchases of shares in private companies. SecondMarket’s platform saw over $1.4 billion worth of transactions in 2014–quadruple the volume of its transactions in 2013.  And today (Oct. 22), Nasdaq announced it had acquired… Read More