Tagged: regulations

SEC Submits Changes to Exchange Act Registration Requirements Moving Forward on Title V & Title VI of JOBS Act

SEC Securities and Exchange Commission Green

As part of the JOBS Act, the SEC has proposed amendments that addresses Title V and Title VI of the Act.  The revised rules relate to the thresholds for registration, termination of registration, and suspension of reporting under Section 12(g) of the Exchange Act. The SEC will seek public comment on the proposed rule amendments for 60… Read More

European Crowdfunding Network Reviews Global Crowdfunding Regulations

Oliver Gajda ECN Paris

The European Crowdfunding Network (ECN), an advocacy group based in Brussels, has published their annual report reviewing crowdfunding regulations in Europe, the United States, Israel and Canada. “Since we have started our work in 2012 and especially since our first edition of this paper in 2013, the discussion around crowdfunding has resulted in detailed regulatory… Read More

Commissioner Gallagher: “I still do not believe that we need to be spending our time ‘protecting’ millionaires”

Daniel Gallagher at SEC Small Business Advisory Committee

Earlier today at the offices of the SEC the Advisory Committee on Small & Emerging Companies held their first meeting in quite some time.  The appointed pro-bono group is convened at the invitation of SEC Chair Mary Jo White. This diverse gathering of professionals is tasked to advise the Commission on the very important issues… Read More

2015: The Ascendency of Small Business & the Middle Class in Washington, DC

Reason to Be Hopeful 2015 Washington DC

As 2014 comes to a close, this is the time of year when all good journalists look back at the year’s events, and then look forward – typically with a list of bold predictions for the year ahead.  For those of you focused on small business capital formation in our Nation’s Capital, the former task… Read More

Staying Compliant with 506c Private Placements (Infographic)

Police Safety Emergency Risk Enforcement

Title II of the JOBS Act allowed companies raising capital using private placements to advertise the investment opportunity.  Think about it.  If you were trying to sell your house but were not allowed to advertise it would be pretty hard.  Well “general solicitation” as it is known, has been legalized in the United States for… Read More

Financement Participatif France Submits Proposed Changes for Crowdfunding Rules

Arc de Triomphe by Benjamin Stäudinger Paris France

Regulations guiding crowdfunding have barely been in force in France but the representative group Financement Participatif France (FPF) has already submitted proposed changes to the French government in their push to improve the environment for crowdfunding for the country.  Final rules were released just this past October.  While broadly lauded for the speed of implementation… Read More

German Crowdfunding Network Thought Leader & IKOSOM Founder Karsten Wenzlaff: Interview Highlights German Crowdfunding Markets

Karsten Wenzlaff Germany Featured Quote

In recent weeks  The University of Cambridge has teamed up with EY, the global professional services organization, and launched the European Alternative Finance Benchmarking Survey with the support of major European industry associations. This is the largest study to date on crowdfunding, peer-to-peer lending and other forms of alternative finance in Europe.  This benchmarking survey, which opened on 25 November and closes… Read More

SEC Advisory Committee on Small & Emerging Companies to Tackle Accredited Investor Definition

SEC Headquarters in DC

The Securities and Exchange Commission (SEC) has released the agenda for the Advisory Committee on Small and Emerging Companies that is set to meet on December 17th.  This committee has been dormant for quite some time and recently SEC Chair Mary Jo White re-animated the group recognizing the benefit it may play in the ongoing… Read More

Crowdfunding Author Marianne IIZUKA Examines French Crowdfunding Industry: ANACOFI and AFIP Member Shares Expertise

Marianne Ilzuka France Featured

In November The University of Cambridge teamed up with EY, the global professional services organization, and launched the European Alternative Finance Benchmarking Survey with the support of major European industry associations. This is the largest study to date on crowdfunding, peer-to-peer lending and other forms of alternative finance in Europe.  This benchmarking survey, which opened on 25 November and closes on 20 December, aims… Read More

Consensus Forming in Washington, DC on Accredited Investor Definition

Approved Accredited Investor Stamp

  Momentum is building towards a consensus on the highly controversial updates to the accredited investor definition (currently a person who has over $200,000 in income (or $300,000 jointly with spouse) or over $1M in net worth, excluding personal residence). Initially, there was some suggestion that these thresholds should be increased to adjust for inflation… Read More

UK Financial Conduct Authority: “To Regulate Effectively We Must Evolve Too”

Martin Wheatley

FCA Announces New Strategic Approach & Sharper Focus on Regulatory Challenges. The FCA intends on confronting regulatory challenges by reviewing their process and approach. Following this internal review the financial regulators have revealed their new strategy in tackling the fast changing realm of securities and markets. Representatives of the FCA state that the number of… Read More

Australia Financial System Inquiry Issues Final Report

Australia Currency Crowdfunding Quote

The Financial System Inquiry issued their final report earlier today.  The extended document has set out to establish a direction for the future of Australia’s financial system.  Not a small task. Expectations are the below document is a “blueprint” for the financial system down under.  This approach is not new, in fact there have been… Read More

Rumors Swirl That JOBS Act Rules Hit Next Week

US Capitol Green Light Go

Chatter is starting to pick up regarding release of final rules for Title IV of the JOBS Act – a portion of the legislation that is regularly referred to as Regulation A+. Some industry followers are of the opinion that final rules are to be released next week.  There are some others that believe Title… Read More

Brief: Firm Issues Client Alert on Rule 506(c) Compliance

sec

Recently the first funding portal was cited by the SEC as not abiding by Rule 506(c) in regards to confirming investors were accredited.  Rule 506(c) is from Title II of the JOBS Act and refers to accredited crowdfunding and the ability to advertise or promote certain private placements.  The SEC determined the site had acted… Read More

SEC Disclosure Modernization & Simplification Act Passes House

Cost of Regulations

On December 3rd the House of Representatives passed the “Disclosure Modernization and Simplification Act of 2014″.  The bill is intended to make certain improvements in form 10K and Regulation S-K as required by the Securities and Exchange Commission.  The bill now moves to the upper house of Congress where it will probably sit until early… Read More

Asociación Española de Crowdfunding President Daniel Oliver: Spanish Thought Leader on New Forms of Finance

daniel Oliver Spain Espana Featured

As readers know,  The University of Cambridge has teamed up with EY, the global professional services organization, and launched the European Alternative Finance Benchmarking Survey with the support of major European industry associations. This is the largest study to date on crowdfunding, peer-to-peer lending and other forms of alternative finance in Europe.  This benchmarking survey, which opened on 25 November and closes on… Read More

George Osborne Voices Support for P2P Lenders, Small Business, in Autumn Statement

Budget 2014

Chancellor of the Exchequer George Osborne delivered his Autumn statement to parliament today and the winding speech had something for everyone. In a largely upbeat report, Osborne highlighted the many positives about the UK economy since the current leaders moved in to Number 10 Downing street.  The Exchequer staff has compiled a list of 16… Read More

On the Misplaced Priorities of Dodd-Frank & the SEC: A Call for a “New Deal” in Washington for America’s Small Business

Great Depression Dodd Frank Quote Sam Guzik

It could have been the kickoff of a grand political campaign – a slogan that would be proud to adorn a bumper sticker for the most ambitious of politicians – and a sound byte that would be sure to grab the next day’s headlines in the Washington, D.C. press – one that would make a… Read More

Concerns Rise as German Government Passes Law that Threatens Crowdfunding

Destroy Crowdfunding with Missle

As previously reported, a German investor protection law, has been weaving its way through the legislative process.  Unfortunately for the investment crowdfunding industry, this new form a finance may find itself impacted as collateral damage if the proposed rules becomes enforceable law. In mid – November, the federal government passed a draft law that is… Read More

Brief: Peer to Peer Platform, eMoneyUnion, Confirms Regulatory Status of Crowdfunded Consumer Secure Loans

10£ Queen Elizabeth British Pounds

Since launching its peer to peer platform for consumer secured loans, there has been press and in-depth regulatory dialogue, leading to re-confirmation, to all borrowers and lenders that eMoneyUnion do not carry out FCA regulated mortgage activities. The loans originated and transacted on the platform are done so under the Financial Services and Markets Act… Read More