Tagged: regulations

Securities Commission Malaysia Opens Up Applications for Equity Crowdfunding Platforms

Malaysia Coin Ringit

The Securities Commission Malaysia has opened the application process for prospective investment crowdfunding platforms according to a statement from the regulatory entity. Malaysia has been one of the more proactive countries in the Asian region to push forward with researching the crowdfunding space and moving forward with a regulatory approach.  Last August SC Malaysia organized a… Read More

Arizona Crowdfunding Law Fact Sheet

Arizona State Seal

As covered earlier this year, Arizona has moved forward with an intrastate crowdfunding bill that was signed into law last week.  After being voted on in both the house and senate, without a single negative vote or abstention, the bill was quickly signed by Governor Doug Ducey. The House has put together a decent fact sheet… Read More

Perspective: Ignore the Hype – Regulation A+ is NOT Crowdfunding

Praying Hands by Albrecht Düre Payer Hope

After the Securities and Exchange Commission (SEC) issued its final rules for the new Regulation A (Reg A+), many in the media heralded the changes as the dawn of a new financial paradigm: investment crowdfunding.  Companies we work with wondered if Reg A+ was the answer to their prayers. If only it were so. Reg… Read More

Q-&-A: Estate Baron Co-founder Moresh Kokane Discusses Real Estate Crowdfunding in Australia

Real Estate Crowdfunding Australia Estate Baron

Australia’s real estate crowdfunding scene has been a hot topic in recent news, including the launch of real estate crowdfunding platform, CrowdfundUp, offering both debt and equity investment opportunities to investors of all types. But the Outback is also home to another online real estate platform: Estate Baron, which offers wholesale investors the chance to buy… Read More

California Legislation for Equity Crowdfunding Climbs Sacramento Once Again

State of California Seal

California, the most populous state in the country, is attempting to legalized equity crowdfunding once again. Last year the Assembly gave it a valiant effort but the bill died ignominiously in Appropriations committee.  The execution was said to be delivered by the AARP, a group that sees crowdfunding as a potential way to defraud senior… Read More

Regulation A+ : A Practical Perspective

Regulation A+ Panning for Gold

By now, the startup world has heard the news. Finance blogs are ablaze, and twitter feeds are lighting up with word that capital just became a whole lot easier to access. Entrepreneurs from coast to coast are leaning back in their chairs, greedily steepling their fingers together like Mr. Burns…or are they? Let’s quickly review… Read More

SEC Commissioner Daniel M. Gallagher Speaks to the Crowdfunding Ecosystem – It’s Time to Listen and Act

Daniel Gallagher SEC Speech

Having just read SEC Commissioner Daniel M. Gallagher’s remarks at Vanderbilt Law School last Friday,  he may not be the only champion of smart regulation for small business capital formation.  But he is surely one of the most visible and important voices in this area.  Apart from being extremely well qualified in this area, never… Read More

Commissioner Gallagher Delivers Incomplete Report Card to SEC; Derides Nanny State Protection

Incomplete

We reported on Saturday that Commissioner Daniel Gallagher had visited the land of the Commodores in Nashville and delivered a piercing speech where he labeled Title III, retail crowdfunding as similar to former East Bloc Germany. While I wondered who would play the role of Markus Wolf, the Stasi Spymaster, he was driving home a… Read More

The Opportunity of Regulation A+ (Infographic)

A +

Final rules on Title IV of the JOBS Act, Regulation A+, were announced last week by the SEC. The rules will be available for companies interested in raising capital in a bit over 60 days.  There has been much speculation and discussion regarding the impact of what has been described as a mini-IPO like exemption… Read More

FACT SHEET: Regulation A+, Title IV of the JOBS Act

SEC Headquarters in DC

The Securities and Exchange Commission has put together a nice fact sheet on Title IV of the JOBS Act, commonly referred to as Regulation A+.  The final rules, available here, encompass a 450 page document sharing the process behind the decision making process.  The fact sheet is akin to Cliff Notes and provides a solid… Read More

SEC to Require Broker/Dealers Active in Off-Exchange Market to Become Members of National Securities Association

SEC Commissioners Mary Jo White

The Securities and Exchange Commission today proposed rule amendments to require that broker-dealers trading in off-exchange venues become members of a national securities association.  The amendments are designed to enhance regulatory oversight of active proprietary trading firms, such as high frequency traders (HFT). “This proposal embodies a simple but powerful principle of the federal securities… Read More

Final Rules for Title IV of the JOBS Act to Include State Pre-emption But for Tier 2 Only

Mary Jo White Title IV Hearing

The Securities and Exchange Commission met today to finalize rules for Title IV of the JOBS Act, commonly referred to as Regulation A+.  As expected the Commission quickly approved rules that included state Blue Sky pre-emption but for only Tier 2 of Title IV.  The vote for final rules was unanimous but included some reservations… Read More

LOOKING FOR THE EXIT – Commissioner Aguilar Presses On The Need For Greater Secondary Market Liquidity 

Where is the Exit 2

Earlier this month, Commissioner Luis A. Aguilar addressed the Advisory Committee on Small and Emerging Companies in Washing D.C. In his speech (embedded below), Commissioner Aguilar echoed the sentiments of the market in arguing the need for increased liquidity in the private placement market. His speech goes well beyond that point however, as he highlights… Read More

FCA Publishes Business Plan for Coming Year

British Pounds Money £10

The UK Financial Conduct Authority is a relatively new entity having only been formed in 2013, reconstituted from its predecessor the FSA.  The transformation, which saw the responsibilities of the FSA migrated over to three different regulatory bodies, was engendered in part by the financial crisis and the associated political realities. The FCA’s plan for… Read More

Deadline Today for Comments on Massachusetts Crowdfunding Rules

Boston Massachusetts

The Massachusetts Securities Division will be holding a public hearing today at 10AM to review the incorporated “emergency regulation” for intrastate investment crowdfunding. While the meeting will occur this morning, written comments will be accepted until 5PM today. This is part of the process prior to permanently adopting the rules that were announced this past… Read More

SEC Investor Advisory Committee Scheduled to Meet in April. Will Review Recommendations of SME Committee

Barbara Roper Investor Advisory Committee

The SEC Investor Advisory Committee (IAC) has scheduled their next gathering at F Street in DC to be held on April 9th.  The group is ostensibly an advocate on behalf of all investors but has a tendency to be more on the side of protection as opposed to facilitating access to investment opportunity and choice. According to… Read More

Florida Takes Another Go at Legalizing Crowdfunding

David Santiago

Florida, a state that hosts the worlds largest crowdfunding festival and wants to develop an innovation economy, failed in legalizing investment crowdfunding last year. While the details of the story as to why the initiative to boost funding for SMEs, improve the regional economy and grow jobs, may be a bit byzantine, in the end the… Read More

China Banking Regulatory Commission is Circulating Peer to Peer Lending Rules

China the largest Peer to Peer Lending Market P2P

The China Banking Regulatory Commission (CBRC) is preparing to tighten the regulatory environment for the fast growing peer to peer lending industry. According to multiple reports, rules have been drafted and are being distributed for review by various industry experts and platform operators. An internal meeting was held last week at the CBRC where proposed rules… Read More

European Banking Authority Opinion on Debt Based Crowdfunding

500 Euros Money Cash

The European Banking Authority (EBA) has been engaged with internet finance for some time recognizing the importance of crowdfunding to their industry. The EBA is an independent EU authority that strives to ensure effective regulation across Europe – a bit of a tall task.  Across Europe regulations regarding crowdfunding – both debt and equity based… Read More

Reg A Plus & Developing Venture Exchanges (Webinar)

TItle IV JOBS Act slide

Crowdfund Insider Senior Contributor, Sam Guzik, joined David Weild, former Vice Chair of Nasdaq, in a presentation last week on current issues regarding capital formation for SME’s. The discussion reviewed Title IV of the JOBS  Act (Regulation A+), the need for venture exchanges for secondary transactions of new types of securities, and what certain regulatory changes… Read More