Tagged: jobs act

Equity Crowdfunding is in Need of Leadership

State of the Union Congress and Senate

Your Leadership, Freedom & Independence this 4th July. Dear Mr President, Your leadership is needed in a matter which affects America and us all. A matter of removing an ongoing source of inequality which continues to disfigure both democracy and capitalism in America and worldwide. I believe it is in your gift to right an… Read More

SEC Releases Small Business Capital Formation Report

Small Business Capital Formation

Last fall – way back in November 2013 – the SEC held their annual gathering of minds to discuss the challenges of small business capital formation.  The meeting was mandated by law under the “Small Business Incentive Act of 1980″.  This was their 32nd forum where the leading minds at the SEC convene to review… Read More

American Homeowner Preservation Raises Over Half Its $1.2M Campaign Goal

American Homeowner Preservation AHP

American Homeowner Preservation is closing National Homeownership Month with the announcement that it has reached the halfway mark in crowdfunding its third pool of distressed mortgages, opportunity 2014A. Thus far, American Homeowner Preservation has raised $690,000 of the $1.2 million needed to complete the purchase of opportunity 2014A. American Homeowner Preservation uses equity crowdfunding to purchase… Read More

Gloves Come Off: Two Prominent Crowdfunding Industry Leaders File Opposing Lawsuits

Boxing Gloves Fight Box

In a tale of a partnership gone bad, Crowdnetic, a New York City based crowdfunding data firm founded by Luan Cox, recently filed a lawsuit in the United States District Court for the Southern District of New York, alleging a breach of a prior agreement by former partner Dara Albright. Soon after the original filing… Read More

Ballast IP Capital Announces Launch of Protecting Intellectual Property and Raising Capital Services

Ballast IP Capital Group

Ballast IP Capital Group, LLC (BIPC) will announce its launch at the Power of Crowdfunding Conference at the House of Sweden. Attorney Scott Popma, who is leaving the partnership at Finnegan, Henderson to start BIPC, is an intellectual property and crowdfunding JOBS Act expert. He founded this venture to help businesses protect their intellectual property… Read More

Fundrise: Poised to Alter Real Estate Finance Forever.

Fundrise Real Estate Investing for Everyone

Recently I was attending a real estate finance conference on crowdfunding and I was fortunate to hear Brandon Jenkins, the Fundrise Director of Product, speak about the future of real estate from the perspective of Fundrise.  His comments were coming off the exciting announcement that Fundrise had just raised $31 million (no idea on the… Read More

SEC Division Director Talks Enforcement at Compliance Week

sec

Andrew Ceresney, Director of the Division of Enforcement at the Securities and Exchange Commission, gave a speech today at Compliance Week in Washington, DC.  While there isn’t too much special in talking about enforcement because that’s exactly what the SEC spends quite a bit of time doing.  It was interesting to note that Ceresney touched on… Read More

Some States Are Sidestepping the JOBS Act’s Burdensome Crowdfunding Rules

US Map Crowdfunding Exmemptions

The new crowdfunding provisions in the “Jumpstart Our Business Startups Act of 2012” (which is often referred to as the “JOBS Act of 2012”) have received a lot of attention: Title III of the Act exempts certain crowdfundings from the registration requirements of the federal securities laws (the “Federal CF Exemption”), and the U. S…. Read More

CFIRA Tackles Investor Advisory Committee Recommendations on Crowdfunding

Barbara Roper Investor Advisory Committee

The Crowdfund Intermediary Regulatory Advocates (CFIRA) recently posted a comment letter on the SEC web site regarding JOBS Act implementation.  The comment letter was in direct response to the recommendations provided by the Investor Advisory Committee (IAC) who recently met – reviewing their requests for JOBS Act implementation.  CFIRA is a group of industry advocates… Read More

An Inside View of the Washington State Equity Crowdfunding Law

The_Washington_State_Capitol

The state of Washington recently passed its own intrastate equity crowdfunding law.  Washington is following a growing number of states that have recognized the benefits to streamlining the capital formation process for small businesses and startups – something the JOBS Act was supposed to achieve over two years ago. So what does the Washington State… Read More

Watch: Congressman McHenry Deliver Opening Statement on Crowdfunding Regulations

Patrick McHenry Delivers Statement

“The Current Statute Has Failed.” Congressman Patrick McHenry delivers his opening statement at the subcommittee hearing held last week where he introduced his draft legislation to restructure the JOBS Act, and crowdfunding, to fix the challenges intrinsic in the expected rules.  We previously posted the video of the entire hearing but for those of you… Read More

Read Testimony by Seedrs CEO Jeff Lynn on Equity Crowdfunding

Jeff Lynn CEO Seedrs

Embedded below is the prepared testimony provided by Seedrs CEO Jeff Lynn delivered to the House Subcommittee on Capital Markets and Government Sponsored Enterprises. Lynn effectively calls retail crowdfunding, as legislated in Title III of the JOBS Act, dead on arrival: He stated: I have come before you today because I believe, based on the extensive… Read More

Watch: House Subcommittee Hearing on Crowdfunding

Fundrise Benjamin

On May 1, 2014 the Subcommittee on Capital Markets and Government Sponsored Entreprises held a hearing entitled “Legislative Proposals to Enhance Capital Formation for Small and Emerging Growth Companies, Part II”.  The witness list included several well known participants from the crowdfunding industry including: Mr. Benjamin Miller, Co-Founder, Fundrise Ms. Annemarie Tierney, Executive Vice President… Read More

Read Draft Legislation to Repeal & Fix Title III of the JOBS Act

Patrick McHenry

Embedded below is the draft legislation submitted by Congressman Patrick McHenry to repeal Title III of the JOBS Act and fix what has been deemed a flawed bill.  Title III is the portion of the JOBS Act that deals with retail equity crowdfunding. In brief the new draft bill will increase the funding amount to… Read More

Regulation A+: A Sleeping Giant For Small Business Capital Formation?

The Potential for Regulation A and Blue Sky Pre-emption

Since the 1930’s Regulation A has been unremarkable as a little known and little used “exemption” from the full SEC registration process – intended to allow smaller companies to access public markets through a streamlined SEC registration process – with “reviewed” financial statements and no ongoing reporting requirements. Until recently the amount that could be… Read More

SEC Economist Talks JOBS Act in Speech at MIT Sloan School of Management

Craig  Lewis

In a speech delivered today, entitled “The Future of Capital Formation“, Craig M. Lewis, Chief Economist and Director of Economic and Risk Analysis at the SEC, addresses the JOBS Act and specifically the various exemptions that allow investment crowdfunding.  Specifically Title II – with general solicitation, Title III – retail crowdfunding, and Title IV which… Read More

Investor Advisory Committee Reviews Crowdfunding Recommendations (Video)

Barbara Roper Investor Advisory Committee

The Investor Advisory Committee (IAC) meeting was held last week on April 10th at the SEC.  The agenda, previously published, indicated the IAC would address retail crowdfunding and review their recommendations as part of the rule making process. The meeting started with SEC Chair Mary Jo White opening up the committee gathering.  The other SEC… Read More

The Oculus-Facebook Buyout: The Best Ad For Equity Crowdfunding Ever

jobsact

I have written about the misconception by some members of the general public that equity crowdfunding and rewards-based crowdfunding are the same thing.  Many people are misinformed and do not understand that Title III of the JOBS Act has nothing to do with rewards-based crowdfunding. If you don’t believe me, read some of the comments… Read More

SEC Commissioner Stein Talks Blue Sky, JOBS Act in Speech to NASAA

Commissioner Kara M. Stein BW

In a double header day, SEC Commissioner Kara M. Stein also addressed the North American Securities Administrators Association (NASAA) at their 2014 Public Policy conference in Washington, DC. Introduced by NASAA President Andrea Seidt from Ohio, Commissioner Stein dove right in to addressing the pressing concerns of the NASAA. Blue Sky Review finds it origins… Read More