Tagged: regulations

Part Two: Is Culture Killing Equity Crowdfunding in Canada?  

Canada Money

Causes and Lessons to be learned from more Developed Markets In this three-part series, we examine whether “conservative” Canadian business culture is having a negative effect on equity crowdfunding taking hold in Canada.  In Part I of this series we took a snapshot of equity… Read More

Regulators Need to Forget Yesterday Says Niederer. Look to Tomorrow & Embrace Equity Crowdfunding

Paul Niederer of  ASSOB

Paul Niederer, CEO of ASSOB  – a trailblazing investment crowdfunding platform in Australia, makes a very valid point. Regulators are too rooted in the past and they are at risk of botching the future as the finance industry inevitably moves online. Australia is in the… Read More

Is the State of Washington Trying to Blow-Up Regulation A+?

Regulation A Destroyed 1

The finalization of rules regarding Title IV of the JOBS Act was a watershed moment in the history of securities law and a leap forward for investment crowdfunding.  Title IV, now commonly referred to as Regulation A+, not only allows issuers to raise capital in… Read More

Deputy Governor of Reserve Bank of India Calls for More Regulation with Internet Finance

S S Mundra

Speaking at the annual FBIC Conference that is taking place this week in Mumbai, SS Mundra, Deputy Governor of the Reserve Bank of India, called for more regulation in the burgeoning online finance space – including crowdfunding and peer to peer lending. “Crowdsourcing and peer… Read More

Thailand Expects to Authorize 1st Investment Crowdfunding Platforms Before Year End

Thailand Thai Baht Money

As regional economies slow, policy makers search for new catalysts for growth.  Thailand is one of several countries in southeast Asia eyeing investment crowdfunding to help spur innovation and economic growth.  While several rewards based platforms operate in Thailand now, the country has charted a… Read More

SEC Issues New Guidance: Use Of The Internet Not Always Considered General Solicitation

SEC Guidance

Last week the Securities and Exchange Commission (SEC) responded to a “no-action” letter (RE: Citizen VC, Inc.) concerning the establishment of “substantive relationships” with previously unknown potential investors and what constitutes “general solicitation” in the context of a private securities offering. The SEC also issued… Read More

In China, ‘Finding The Right Balance Between Financial Reform And Risk Prevention Will Be One Of The Most Important Issues Of Our Time’

tightrope walker

  “Finding the right balance between financial reform and risk prevention will be one of the most important issues of our time,” writes Ruizhe Zhang of Dagong Global Credit Rating Co Ltd, in a recent China Daily op-ed on ECNS. Following the release of Internet finance guidelines… Read More

Perspective: What Does SEC No Action Letter Mean for P2P Lending?

Kiran Lingam 3

Kiran Lingam, Managing Director at LendTech Angels, has published his thoughts on the Citizen.VC No-Action letter released earlier this week.  Lingam, a securities attorney by education, sees the clarification pushing marketplace lenders to use 506(b), as opposed to utilizing 506(c) – an exemption that allows… Read More

RealtyShares Gives Feedback on SEC No Action Letter Responding to Citizen.VC

No Action

Real estate platform RealtyShares has shared their perspective on the recent no-action letter issued by the SEC in response to an inquiry by Citizen VC, Inc. as to that company’s method of onboarding new investors. The letter forwarded to the SEC by Citizen.VC counsel Mintz Levin outlined several policies and… Read More

Citizen.VC Receives No Action Letter from SEC Regarding General Solicitation

Walking to the SEC Securities and Exchange Commission

Citizen.VC, a online investment platform that leverages 506(b) Reg D private placements but NOT 506(c) placements, has received a “No Action” letter from the SEC regarding questions and clarifications as to what qualifies as general solicitation and the establishment of relations with investors.  The guidance… Read More

Orchard Shares Thoughts on US Treasury’s Interest in Marketplace Lending

Orchard at US Treasury

On August 5th the US Department of Treasury hosted over 80 individuals as part of a series of roundtables and information seeking events to discuss the fast growing sector of Marketplace Lending.  This past July, Treasury published a “Request for Information” regarding Peer to Peer… Read More

Niederer: Proposed Australian Regulatory Framework for Crowdfunding is Wrong

Australian Crocodile

Paul Niederer, CEO of ASSOB – one of the very first investment crowdfunding platforms ever, has shared his opinion of the recently published a regulatory framework for crowdfunding in Australia and, in brief, he thinks it is wrong. Forest for the Trees Niedierer believes the… Read More

Rebound Ready: Analysts Note ‘Buy’ Rating For Mogo Finance Technology Inc.

shopping bag

  While shares of Mogo Finance Technology Inc. have slid from $10 to $6 since the IPO–the company was the first Canadian online lender to go public–all is far from lost. After the $50-million IPO on June 25, Cormark research analysts Jeff Fenwick and Richard Tse believe the stock will… Read More

China Supreme Court Weighs in on P2P Lending Liability

YingDaiNet

The China Supreme Court released a judicial interpretation regarding liability for loans gone bad originated on peer to peer lending platforms. The court has stated that while borrowers receive funds via the platforms these intermediaries are not required to guarantee the loans and should not be held… Read More

Marketplace Lending: A Need for Some Definition, Data & More Discourse. A Response to the US Treasury RFI

Marketplace LendingJPG

  As traditional lending tightened for consumers and small businesses, following the 2008 recession and the Dodd Frank regulatory environment that followed, alternative lending has now become quite the burgeoning new industry. And with alternative lenders ranging the gamut from near-bank products and terms to… Read More

A P2P ‘Land Grab’ Attracts Over 100 Startups In UK–And The Sector Is ‘Still In The Foothills’ In Terms Of Volume

oklahoma land rush

  In the UK, more than 100 peer-to-peer lenders have applied for full authorization from the Financial Conduct Authority (FCA), which took over regulation of P2P last year, notes the Financial Times. Nearly 180 companies have interim permission to operate, according to figures obtained from the FCA… Read More

Australia’s Proposed Regulations for Equity Crowdfunding (Document)

Australia Flag

Below is the consultation paper released by the Australian government that explains the proposed framework to facilitate equity crowdfunding. The Aussie government is accepting feedback on the proposals presently with the deadline for submission being on August 31st. Australia has recognized that reducing regulatory burdens… Read More

SEC Commissioner Gallagher: Dodd-Frank has Failed. It is Strangling the Economy.

Russia USSR Soviets Financial Regulation

In what may be his last speech as an SEC Commissioner, Daniel Gallagher addressed the US Chamber of Commerce and criticized parts of the SEC, and much of the new world order of regulatory over-sight.   Gallagher scorched Dodd-Frank as a grandiose plan that has increased the fragility of… Read More

Establishing a Financial Services Firm in the UK: Britain Welcomes the Business

The UK Telephone Call Great Britain

The United Kingdom has been very vocal, and aggressive, in courting financial firms and FinTech startups. Chancellor of the Exchequer George Osborne wants the UK to be the world leader in developing innovative FinTech firms.  Osborne enjoys a partnership with his objective in Prime Minister… Read More