Tagged: jobs act

August 11, 2013 @ 10:05 am By Charles Luzar  |  

In a joint letter sent to SEC Chairman Mary Jo White on July 22nd, 2013, Rep. Patrick McHenry (R-NC) and Rep. Scott Garrett (R-NJ) raised serious concerns over the proposed implementation of Title II and the lifting of the ban on general solicitation for private… Read More

August 7, 2013 @ 10:07 am By Charles Luzar  |  

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… Read More

August 7, 2013 @ 6:27 am By JD Alois  |  

Stemming from the JOBS Act and the recent regulations released by the SEC to support it, crowdfunding is intended to make it easier for entrepreneurs to raise capital for their new businesses and create jobs in the process. There are approximately 8.6 million accredited investors… Read More

July 31, 2013 @ 8:53 am By Charles Luzar  |  

Yesterday SEC Chariman Mary Jo White addressed the timeline for implementation of the remainder of mandates enclosed in the JOBS Act, including rules regarding non-accredited crowdfund investing. The SEC has proposed or adopted rules for over 80 percent of the more than 90 Dodd-Frank Act… Read More

July 28, 2013 @ 3:11 pm By JD Alois  |  

EarlyIQ, a San Diego based company, has launched a suite of services to improve transparency and mitigate the risk of fraud in private capital markets. EarlyIQ’s services may be used by private investment crowdfunding portals for regulatory compliance specified in the final SEC rules for Title… Read More

July 28, 2013 @ 11:11 am By Charles Luzar  |  

Daniel Gorfine is the Director of Financial Markets Policy at the Milken Institute. He has long been a balanced, pragmatic voice in the crowdfunding conversation, which is why his recent piece in Washington Monthly should be cause for concern. It’s important to note that the… Read More

July 27, 2013 @ 1:24 pm By Charles Luzar  |  

Back in May we brought you the story of Invested.in, a white-label crowdfunding platform solution with an interesting history. The Next Web just published a feature piece on the California-based company revealing that they have facilitated over $30 million in funding to date. Another revelation… Read More

July 24, 2013 @ 2:59 pm By JD Alois  |  

Earlier this month the SEC formally adopted rules which removed the ban on advertising – or general solicitation – on private placements.  With the publishing of the final rules in the Federal Register the regulations take effect 60 days from the date of publishing, being… Read More

July 24, 2013 @ 9:15 am By Charles Luzar  |  

EarlyShares Chairman and co-founder Stephen Temes was on Bloomberg TV in a segment entitled “The Future of Crowdfunding.” In the clip below, Temes examines the economic impact of Titles II and III of the JOBS Act. He also discusses the success that EarlyShares has had… Read More

July 22, 2013 @ 5:08 pm By JD Alois  |  

Kendall Almerico, CEO of crowdfunding site ClickStartMe, recently commented on the JOBS Act ruling issued by the SEC that allows general solicitation of accredited investors under certain circumstances. “While the SEC’s new JOBS Act regulations do not address the crowdfunding portion of the JOBS Act… Read More

July 16, 2013 @ 12:34 pm By Charles Luzar  |  

There was a question recently posted to Quora seeking perspective on the interplay of regulation and the crowdfunding industry. Gust CEO David S. Rose offered an answer and it actually serves as a great primer on the crowdfunding industry as a whole. Read below… Read… Read More

July 14, 2013 @ 10:12 am By JD Alois  |  

Steve Case the former CEO of AOL, crowdfunding advocate and current Chairman and CEO of Revolution – a venture capitalist group, released a formal statement regarding the recent movement by the SEC on a portion of the JOBs Act. “I was pleased to see the… Read More

July 14, 2013 @ 8:12 am By JD Alois  |  

But Majority Are Not Noncerned That Crowdfunding Will Negatively Impact IPOs. BDO – a global accounting and consulting firm has released a report that which show skepticism on the part of executives regarding the intentions of the Jobs Act.   According to their research: Only… Read More

July 12, 2013 @ 2:59 pm By JD Alois  |  

The Crowdfunding Professional Assocation or CfPA has issued a release sharing their appreciation of the recent progress made regarding the Jobs Act.  Equity-based crowdfunding came one step closer to reality this past Wednesday as the SEC  voted to lift the ban on general solicitation of private placements… Read More

July 11, 2013 @ 10:36 pm By JD Alois  |  

As previously reported, FINRA held a board of Governors meeting today and addressed several important issues.  One of their agenda items was Title III of the Jobs Act which covers crowdfunding. In posting on the FINRA site signed by CEO and Chairman Richard Ketchum, FINRA… Read More

July 10, 2013 @ 5:25 pm By JD Alois  |  

The SEC has posted the text of the opening statement by SEC Chairman Mary Jo White from the meeting today which addressed General Solicitation and other elements of the Jobs Act.  Recognizing the congressionally mandated rules of the Jobs Act, the Chairman recommended the Commission… Read More

July 10, 2013 @ 4:31 pm By JD Alois  |  

The SEC has released a set of three different Fact Sheets regarding their meeting today which addressed General Solicitation for certain offerings as well as Disqualification of Felons or “Bad Actors” from Rule 506 Private Placements along with rules which impact the number and types… Read More

July 10, 2013 @ 4:17 pm By JD Alois  |  

The SEC has issued a formal release regarding the approval of the removal of the ban on general solicitation, or advertisting, for private securities offerings.  Simulataneously the SEC commented on the rules regarding “Bad Actors”.  Rules become effective 60 days following publication in the Federal… Read More

July 10, 2013 @ 12:38 pm By JD Alois  |  

On July 10, 2013, the Securities and Exchange Commission approved rules regarding General Solicitation (IE advertising) for private placements under Regulation D. While old Reg D still exists under 506b, new 506c allows general solicitation directed towards accredited investors. The SEC published a Fact Sheet… Read More

July 5, 2013 @ 11:43 am By Charles Luzar  |  

Crowdfund Insider is hearing from multiple sources that the SEC is nearing proposed rules for Title III of the JOBS Act. Title III mandates equity crowdfunding for non-accredited investors. A proposal of rules by the SEC would open the process to a period of public… Read More