Tagged: jobs act

April 17, 2013 @ 5:19 pm By Forbes  |  

The SEC has not yet released crowdfunding rules for public comment, but many folks aren’t waiting for that. At last count there were nearly 200 public comment letters and staff meetings about the subject on record with the Securities and Exchange Commission. That’s the highest… Read More

April 17, 2013 @ 9:35 am By Charles Luzar  |  

In a few hours, Elisse Walter will sit in front of members of the House of Representatives Oversight Committee to answer questions on why key elements of the JOBS Act are still in limbo more than a year after the Act was signed into law…. Read More

April 16, 2013 @ 7:33 am By Charles Luzar  |  

Yesterday the Crowdfund Intermediary Regulatory Advocates (CfIRA), an industry group representing crowdfunding intermediaries, submitted a letter to the House Subcommittee on Oversight and Investigations urging those frustrated with inaction to apply pressure to those who have the power to enact change. This letter precedes tomorrow’s… Read More

April 15, 2013 @ 5:30 pm By Laywers Weekly  |  

Ontario looked upon as key to setting pace When the U.S. Jumpstart Our Business Startups Act was passed last year, it included a “crowdfunding exemption” that opened the door to using social media and other Internet tools to raise capital. And while other jurisdictions, such… Read More

April 15, 2013 @ 7:35 am By Charles Luzar  |  

The Senator spoke about the potential of securities crowdfunding, which would allow startup companies to make equity offerings to investors through websites and raise up to $1 million per year from investors online. The JOBS Act, which was passed in April 2012, established a legal… Read More

April 15, 2013 @ 6:59 am By PointofLaw  |  

After celebrating the first anniversary of the passage of the JOBS Act, the SEC still has not adopted regulations to implement the law as required. (Background post). Congress is taking notice, as the House Small Business Subcommittee on Investigations, Oversight and Regulations last week held… Read More

April 11, 2013 @ 3:53 pm By MarketWatch  |  

Republican lawmakers on Thursday blasted top officials at the nation’s securities watchdog over delays in the agency’s implementation of key aspects of a law approved a year ago to help small businesses accumulate capital. “I’m getting a lot of verbal moon-walking but I’m not getting… Read More

April 10, 2013 @ 8:38 am By Xconomy  |  

… While skeptics point out there might be natural limits on how successful equity crowdfunding could be, the immediate reason for the holdup is the SEC. The JOBS Act required the commission to create the rules governing equity crowdfunding within nine months of its passage. The… Read More

April 10, 2013 @ 7:00 am By Charles Luzar  |  

Monday’s conference on crowdfunding fraud and regulation in Washington, DC was an event I had been looking forward to for some time. It didn’t disappoint. Organized by Virginia-based CrowdCheck, the speaking roster of this conference was distinctly and obviously set up to put all sides… Read More

April 9, 2013 @ 12:44 pm By The Business Journal  |  

This was the scene a year ago, when President Barack Obama signed the JOBS Act, which legalized the use of crowdfunding for equity investments. The SEC, however, still has not issued regulations to make this new way of raising capital a reality. If you’re hoping… Read More

April 8, 2013 @ 6:42 pm By Washington Post  |  

Already months behind schedule, federal regulators charged with establishing the rules to implement new online crowdfunding portals still cannot say when they will issue those guidelines. On Monday, the resulting frustration from entrepreneurs, investors and those trying to build those online financing portals was on… Read More

April 8, 2013 @ 6:39 pm By JD Alois  |  

Crowdfunding is accelerating at an unprecedented rate and impacting government policy, informing enterprise innovation, and changing the role of financial institutions around the world. Massolution, a research firm specializing in the crowdsourcing and crowdfunding industries, released its annual 2013CF – Crowdfunding Industry Report. After collecting… Read More

April 8, 2013 @ 10:08 am By Reuters  |  

* More than half of funds raised through U.S. websites * Predicts total volume will reach $5.1 billion in 2013 Crowdfunding websites helped companies and individuals worldwide raise $2.7 billion from members of the public in 2012, an 81 percent increase on the previous year,… Read More

April 8, 2013 @ 7:30 am By Terra  |  

The crowdfunding industry is frustrated that the Securities and Exchange Commission has not yet finalized rules that will potentially turbocharge the industry. But it is also cautiously optimistic that there will be movement this year. The SEC is expected to finalize and implement rules on… Read More

April 8, 2013 @ 5:00 am By Charles Luzar  |  

Last week saw the first iteration of the Silicon Valley Crowdfund Conference. Entrepreneurs, industry advocates and private equity experts descended on Palo Alto to discuss crowdfunding’s current state of affairs. Both the investment and non-investment sides of crowdfunding were represented. Four panels tackled a host… Read More

April 7, 2013 @ 6:02 pm By JD Alois  |  

Congressman Patrick McHenry releases video for the one year anniversary of the Jobs Act being signed into law. Congressman McHenry specifically comments on crowdfunding urging the Securities and Exchange Commission to move forward with the delayed crowdfunding regulations.  The Congressman points out that President Obama… Read More

April 7, 2013 @ 4:47 pm By Upstart Business Journal  |  

… “Believe it or not, we haven’t over thought it,” said Indiegogo founder Slava Rubin, in an interview with Upstart Business Journal. There are people who don’t have a core business who have looked at the Act as a business opportunity and tried to anticipate the changes, he… Read More

April 7, 2013 @ 12:24 pm By Businessweek  |  

When President Obama signed the Jumpstart Our Business Startups Act in April 2012, supporters expected the change to unlock new capital for small businesses through crowdfunding. Regulators and consumer watchdogs predicted a bonanza for fraudsters. A year on, neither one’s materialized. As envisioned by the law, crowdfunding means… Read More

April 7, 2013 @ 12:21 pm By Charles Luzar  |  

On the anniversary of the JOBS Act, Woodie Neiss of Crowdfund Capital Advisors and University of Mississippi Law Professor Mercer Bullard discuss investment crowdfunding, investor protection and fraud. It is an interesting microcosm of the arguments being made from both sides of the crowdfunding debate…. Read More

April 7, 2013 @ 9:30 am By JD Alois  |  

Leading crowdfunding site Indiegogo held a celebration this past week in recognition of the anniversary of President Obama signing the Jobs Act into law in April of last year.  While the legislation legalized equity crowdfunding, the regulatory evaluation process has pushed back the actualization of… Read More