Tagged: regulation

Brief: Lending Club Loans Now Available In Mississippi

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Lending Club has been forced to seek the ability to originate loans on a state-by-state basis, and that map of states just filled in a bit. Lending Club has announced that the peer lending platform has received the green light to operate in the State of Mississippi. “We’re excited to be able to offer access to personal and… Read More

FCA Publishes Final Rules For Crowdfunding In UK

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They’re here. The Financial Conduct Authority (FCA) has published rules governing equity and lending-based crowdfunding in the UK. They are set to take effect on April 1 with a review scheduled for 2016. chris-woolard-bioChristopher Woolard, director of policy, risk and research at the FCA, said, ”We want to ensure that consumers are appropriately protected – but… Read More

WATCH: Inside Crowdfunding Ep. 4 – Nick Meehan On Crowdfunding Lobbyists, An Exit For FundersClub, A New Michigan Bill, More

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Hey, this week we got through a whole episode of Inside Crowdfunding without any major glitches! Success! Alon and I had a great conversation with Nick Meehan of The Lobby. Nick’s project piqued our interest after he was profiled in a piece for Vice. It’s clear that the idea struck a chord. We sat down… Read More

Brief: New Zealand VC Expresses Optimism About Equity Crowdfunding

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In an interview with BusinessDay, New Zealand Venture Investment Fund CEO Franceska Banga expressed optimism when asked about the impact equity crowdfunding’s implementation could have on New Zealand startups and the investment community as a whole. The early-stage investment community, and particularly angel networks and investors, need to consider how crowd-funding can be integrated with… Read More

UK Equity Crowdfunding Platform Volpit To Issue Report On Economic Impact Of FCA Regs

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Volpit, an equity crowdfunding platform based in the UK, plans on releasing a report detailing how the Financial Conduct Authority’s new regulatory regime will impact the UK economy and startup investing. The report is set to publish on March 31 and will be called “Enterprise Investment – It’s Your Business.” “We know from speaking to… Read More

Crowdfunding & What You Should Know About Online Payments Before Launch

Photo courtesy Sean MacEntee on Flickr - http://www.flickr.com/photos/smemon

Throughout 2013, PayPal and crowdfunding project creators repeatedly found themselves at odds. First it was Lab Zero Games, the company behind the hugely popular campaign for Skullgirls. Paypal froze Lab Zero’s account only to later release all but $35,000 of Lab Zero’s Indiegogo cash. It actually led Lab Zero to file a complaint against PayPal… Read More

Spain Weighing Crowdfunding Regulations Amidst Criticism

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The Spanish Government and Minister of Economy and Competitiveness Luis de Guindos are weighing regulations that would limit both overall project size and individual contribution size for crowdfunding-related campaigns in Spain. A draft bill would limit deal size to €1 million. Contributions for individuals would be capped at €3,000 per project, €6,000 per year. Platforms would be… Read More

Barry James: Breaking The Missing Link Could Kill 20,000 New Jobs in 2014

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Tens of thousands of new UK jobs and many millions in new investment are riding on UK regulators’ ability to come to grips with a changing economy. With regulators in the US and around the world increasingly coordinating their activities, deadlines and announcements, the implications run far wider. It’s emerging from the very latest research… Read More

Brief: Crowdfunding Bill Approved In Alabama Senate, Heads To House

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Yesterday the Alabama State Senate approved a bill that would set into motion an intrastate crowdfunding exemption. The vote was unanimous, 31-0. Crowdfunding legislation continues to garner bipartisan support. The bill now heads to the House where it is already receiving some praise. The Associated Press reported that House Speaker Mike Hubbard (R-Auburn) has already voiced… Read More

Alabama Takes Pragmatic Approach To Intrastate Crowdfunding

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We caught wind of a proposed crowdfunding exemption in the State of Alabama in the fall of 2013. As any regular reader of Crowdfund Insider knows, intrastate crowdfunding exemptions are popping up left and right as of late. Just this week we reported on proposed legislation in Washington State. Earlier this month we covered an underwhelming… Read More

Crowdentials Offers Low-Friction Solution To Investor Accreditation For Private Issuers

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The implementation of an exemption under Rule 506(c) of Regulation D in September of 2013 creates a new set of opportunities for private issuers looking to raise capital. It also creates a new set of challenges, specifically a need for issuers (and, by proxy, the intermediaries facilitating these raises) to certify that all participants are… Read More

FINRA Makes Crowdfunding A Priority For 2014

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As they do every year, FINRA has released a letter outlining their priorities for the forthcoming year. Regulatory changes prompted by the passage and implementation of the JOBS Act are featured heavily in the letter as risks that mandate diligence on behalf of FINRA. Issues raised include… General Solicitation General solicitation, which before the amendments… Read More

Crowd Valley Now Servicing UK Crowdfunding Platforms, Teams With Sapphire Capital Partners

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Crowd Valley is a white label crowdfunding service provider providing end-to-end solutions for those looking to launch crowdfunding platforms. The company has now announced a partnership with Sapphire Capital Partners LLP, an FCA-authorized firm specializing in alternative invesments, and specifically EIS and SEIS compliance. This makes Crowd Valley’s slate of services available to UK entrepreneurs…. Read More

Miami-Based EarlyShares Goes Live With Equity & Rewards-Based Crowdfunding Deals

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EarlyShares is a crowdfunding platform based in Miami, Florida. The operation is poised to be one of the leaders in the nascent equity crowdfunding space in the United States, and in light of the implementation of Rule 506(c) that took place in September the platform has now officially launched with a handful of live deals… Read More

What Makes Crowdfunding An Emerging Opportunity For Entrepreneurs

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Crowdfunding is one of the hottest business topics of 2013. In 2012 all forms of crowdfunding raised $2.7b – an 80% increase from the $1.5b raised in 2011. Massolutions, a consultancy, estimates the global market will increase another 81% in 2013 to $5.1b. A big component of this growth will come from the crowdfunding activities… Read More

Has The SEC Made Equity Crowdfunding Economically Unfeasible?

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When the proposed SEC equity crowdfunding rules were released on October 23, those of us who had been anxiously waiting for months were finally given what we had been begging for. The long-awaited SEC rules had finally arrived. Equity crowdfunding under the JOBS Act was about to become a reality. Then, we read the 585 pages of rules and… Read More

Andreessen Horowitz’s Chris Dixon On Crowdfunding

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Like a lot of people, I’m excited about crowdfunding, and specifically the crowdfunding of startups now that’s it’s legal in the US.Chris Dixon Chris Dixon is a prolific investor and has been a co-founder of multiple companies including Hunch and SiteAdvisor. He is currently an investor with Andreessen Horowitz. He also has personal investments in… Read More

Senate Hearing On JOBS Act: Neiss, Fleming Spar Over Cost Of Capital

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Yesterday the United States Senate Committee on Banking, Housing & Urban Affairs held a hearing entitled “The JOBS Act At A Year And A Half: Assessing Progress And Unmet Opportunities.” It was set to be a particularly interesting hearing because of the panel, which included two people who would certainly have opposing viewpoints on issues… Read More

Crowdfunding News Roundup: October 29, 2013

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The Lane Report | OP-ED: Kent Oyler – Let the 2014 crowdfunding rule games begin Kent Oyler says that initially the cynics are outnumbering the fans when it comes to the SEC’s proposed rules for equity crowdfunding. He postulates that equity crowdfunding will provide a great opportunity for investors if the SEC and FINRA don’t… Read More

Crowdfunding News Roundup: October 22, 2013

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PolicyMic | Crowdfunding For Private Security in Oakland Ignores a Few Key Facts PolicyMic takes a deeper dive into the recent Crowdtilt campaigns funding private security forces in Oakland. What did they find? That some of the neighborhoods don’t have as much crime as one may think, and that the entire situation sets a concerning… Read More