Tagged: jobs act

SEC Submits Changes to Exchange Act Registration Requirements Moving Forward on Title V & Title VI of JOBS Act

SEC Securities and Exchange Commission Green

As part of the JOBS Act, the SEC has proposed amendments that addresses Title V and Title VI of the Act.  The revised rules relate to the thresholds for registration, termination of registration, and suspension of reporting under Section 12(g) of the Exchange Act. The SEC will seek public comment on the proposed rule amendments for 60… Read More

2015: The Ascendency of Small Business & the Middle Class in Washington, DC

Reason to Be Hopeful 2015 Washington DC

As 2014 comes to a close, this is the time of year when all good journalists look back at the year’s events, and then look forward – typically with a list of bold predictions for the year ahead.  For those of you focused on small business capital formation in our Nation’s Capital, the former task… Read More

Engine: Dear SEC, Finalize JOBS Act Rules Now

JOBS Act US Capital Christmas

Today, Engine sent a letter signed by more than 200 entrepreneurs, investors, and members of the startup community to the Securities Commission to tell the agency it’s time it fulfills its statutory obligation and finalize rules to make the JOBS Act a reality. You can find the full text of the letter below and read… Read More

North Capital Investment Technology Closes $1 Million Seed Funding Round

320x240_north_capital

North Capital Investment Technology has closed its seed funding round of $1 million, attracting support from major institutional investors including JFO, Karlani Capital and Green Visor Capital.  The funding enables the San Francisco-based private placement technology company to continue technology innovation, roll out proprietary funding platforms and hire staff to support its growing broker-dealer, North Capital… Read More

Groundfloor Shocker as it Backs NASAA Process on State Blue Sky Review

The Battle of Blue Sky Review

  Groundfloor, a real estate investment crowdfunding platform based in Atlanta that offers “micro-loans”, posted a comment letter on the SEC site in mid November sharing their opinion on the hot topic of State Blue Sky Pre-emption:  something viewed by many as a compelling aspect of Title IV of the JOBS Act.  The industry has… Read More

SEC List Pushes Date Back for JOBS Act Rules on OMB Site

Washington Monument DC

The Securities and Exchange Commission agency rule list for the Fall of 2014 has recently been updated on the Office of Information and Regulatory Affairs web site.  The OIRA is part of the Office of Management and Budget. Remaining rules of the JOBS Act have seen their final rule making dates pushed back to October… Read More

Rumors Swirl That JOBS Act Rules Hit Next Week

US Capitol Green Light Go

Chatter is starting to pick up regarding release of final rules for Title IV of the JOBS Act – a portion of the legislation that is regularly referred to as Regulation A+. Some industry followers are of the opinion that final rules are to be released next week.  There are some others that believe Title… Read More

On the Misplaced Priorities of Dodd-Frank & the SEC: A Call for a “New Deal” in Washington for America’s Small Business

Great Depression Dodd Frank Quote Sam Guzik

It could have been the kickoff of a grand political campaign – a slogan that would be proud to adorn a bumper sticker for the most ambitious of politicians – and a sound byte that would be sure to grab the next day’s headlines in the Washington, D.C. press – one that would make a… Read More

Fundrise Shares Presentation on Commercial Real Estate Crowdfunding

Fundrise

Real estate crowdfunding platform, Fundrise, has teamed up with GlobeSt.com to release a document that highlights the ins and outs of commercial real estate crowdfunding. The presentation, which is titled, Why the Future of Real Estate Fundraising is Online: How Crowdfunding is Changing Capital Sourcing, gives readers a quick overview at the funding method and its benefits. The… Read More

OfferBoard CEO and CFIRA Chair Chris Tyrrell Presents at DC Growth Summit Update

Chris Tyrrell

OfferBoard CEO and CFIFA Chair Chris Tyrrell presented detailed research in his paper  “Equity Crowdfunding Under Title II of the JOBS ACT: The First Year” at the Washington, D.C. Growth Summit Update.  Tyrrell founded OfferBoard, an investment platform that uses technology, big data and dating-style matching algorithms to help CEOs of growing companies raise capital and… Read More

Prodigy Network Launches New Transactional Real Estate Crowdfunding Platform

BD Bacata Over $170 Million Crowdfunded Prodigy Network

Prodigy Network has announced the launch of its new real estate crowdfunding website, which will feature a secure transactional platform to permit accredited investors – certain investors who have regular income of over $200,000 or net worth, excluding their primary residence, of over $1 million – to invest in real estate opportunities. Prodigy Network and… Read More

Interview with EarlyShares Joanna Schwartz: Finance Maven Examines Entrepreneurship, Webinars & Media

joanna schwartz

Joanna L. Schwartz, the CEO and Co-Founder of EarlyShares, enables individuals and companies to leverage the JOBS Act to capitalize on new investing and capital raising opportunities. An award-winning executive, Schwartz has over 20 years of experience as a successful leader, advisor, and entrepreneur. Prior to confounding EarlyShares with CSO Heather Schwarz-Lopes and Board Chairman Stephen Temes,… Read More

House Financial Services Committee Chair Hensarling: SEC Must Take Action on Promoting Small Business

jeb hensarling

On the eve of the annual SEC Forum on Small Business Capital Formation, House Financial Services Committee Chair Jeb Hensarling is calling out the SEC to take action on promoting small business.  In recent years the annual event at the SEC has become a more popular venue to discuss methods to aid small business –… Read More

Perspective: Title III, Title IV and the Politics of Regulation

Democrats Republicans

  In my May 2014 article, “The Bell Tolls for Title III”, I laid out the reasons why it was highly unlikely that the SEC would issue Title III rules before the November elections and predicted that should the Senate flip to Republican control, we would see legislative changes to the JOBS Act. I have… Read More

SEC & SBA Host Reception Prior to Small Business Forum in DC Next Week

SBA:SEC Pre Small Business Forum Event

The SEC Government Business Forum on Small Business Capital Formation has gained in popularity in recent years.  In light of the JOBS Act and growing recognition of the profound importance of small business to economic growth – what was once a bit of a quiet affair has become a several day gathering. The Forum is scheduled… Read More

The Big Boys Say Crowdfunding is a Drop in the Ocean: And They’re Right

A Drop in the Ocean of Finance 2

Crowdfunding ­is ‘hot & happening’. So ‘hot & happening’ in fact, that a lot of valid criticism, however badly formulated at times, is discarded. One of the points made that is taken as an outright insult, is the mention that “Crowdfunding is just a drop in the ocean” in terms of funding. Often heard from… Read More

Minnesota Can’t Wait on Feds for Crowdfunding Regulations as Group Forms to Push Intrastate Rules

parking meter time

Minnesota has joined the growing list of states that may want legalized investment crowdfunding now -and not just for accredited investors.  Recognizing that Title III is encumbered with excessive costs and a too low cap on amounts an issuer may raise,  a group called “MNvest” has formed to champion the cause in the name of… Read More

A Funny Thing Happened on the Way to the (2014 SEC Government Small Business) Forum

Be The Change You Wish To See in the World Washington DC Capitol Building

As one who has represented small and emerging growth companies over the past 36 years in navigating access to the capital markets, I have closely followed the legislative and regulatory developments in Washington, D.C. since the enactment of the Jumpstart Our Business Startups Act of 2012 (the JOBS Act). Spurned by many factors, political, economic… Read More

Illinois Intrastate Crowdfunding Exemption: The Reasoning Behind The Bill

Crowdfunding regulatory environment philosophy

As noted in my prior post, “Draft Bill: Illinois Intrastate Crowdfunding Exemption,” an official draft of my proposed Illinois Intrastate Crowdfunding Exemption was recently finished. To my surprise, people actually read it and I have been getting a lot of questions as to why I choose to make my bill so different than those of… Read More

Small Business SEC Regulatory Reform in Washington, DC: “All in on Red” on Election Day 2014

Election Day 2104 US Capitol

The place was Washington, D.C. The occasion was the Annual Meeting of the Angel Capital Association at the Hilton Hotel in March 2014. Hundreds of attendees were gathered for lunch in the main Ballroom, the largest in the City. The lineup of luncheon speakers was impressive, including Keith Higgins, Director of the SEC Division of… Read More