Tagged: sara hanks

12(g) Rule is on the SEC’s Agenda for a Change. This Could Impact Private Companies, Forcing them to Register, Become Public Firms

The Securities and Exchange Commission (SEC) has published a long list of rule changes it intends to pursue. The complete agenda established by the Commission, under the leadership of SEC Chair Gary Gensler, is available here. One of the rule changes near the top is… Read More

Sara Hanks Joins Advisory Board of Upstream

  Sara Hanks has joined the Advisory Board of Upstream – part of Horizon. Upstream is a MERJ Exchange market providing liquidity for digital securities. MERJ supports both global issuers of traditional and digital securities indlucing issuance, trading, clearing, settlement, and registry. Hanks is well… Read More

SEC Small Business Advisory Committee Votes to Support Improvements to Secondary Trading of Reg A+ Securities

  The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC) met today to discuss liquidity for certain exempt securities in the form of secondary trading. More specifically, the Committee addressed securities issued under Reg CF (Regulation Crowdfunding) and Regulation A (Reg… Read More

Reg A+ Expert and Securities Attorney Sara Hanks: There are much better quality companies using Reg A now

Reg A+ is one of three exemptions created under the JOBS Act of 2012 that legalized online capital formation or securities crowdfunding. Reg CF (Regulation Crowdfunding) initially allowed issuers to raise just $1.07 million (now $5 million), while Reg A+ allowed firms to raise up… Read More

Investment Crowdfunding: The Importance of Securities Compliance with Online Capital Formation

The Importance of Compliance. Under the JOBS Act 0f 2012, online capital formation – or investment crowdfunding, became legal in the US. Three exemptions were created that enabled firms to raise money online to fund a company by selling securities. The legislation created Regulation Crowdfunding… Read More

Assurely Partners with Crowdcheck on D&O Insurance

Assurely, an Insurtech that is serving the securities crowdfunding sector, has announced a new partnership with Crowdcheck – a leading legal services firm that specializes in online capital formation. According to a statement from Assurely, the partnership encourages all stakeholders utilizing CrowdCheck’s services to obtain… Read More

Here are the Recommendations by the SEC Small Business Capital Formation Advisory Committee on Fixing Reg CF

Last week, the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC) met to review, and vote on, recommendations for the Commission as part of the concept release on regulatory harmonization. During a public call, a discussion was held on addressing the… Read More

Sara Hanks Comments on SEC Concept Release, Defends Reg A+, Advocates on Behalf of Companies in Need of Growth Capital

Last week, a meeting of the Securities and Exchange Commission (SEC) Investor Advisory Committee (IAC) held a meeting. On the agenda was the topic of the SEC’s concept release on regulatory harmonization. The concept release was initiated in recognition of the current ecosystem of private… Read More

US Government Shutdown Slams the Breaks on Reg A+ Issuers. Is there an Alternative to Fix the Logjam?

There has been a good amount of discussion about the impact of the government shutdown and the effect on government employees who are not being paid.  The shutdown is also undermining sectors of the economy that depend on furloughed public employees. One sector of finance that has… Read More

Blockchain, Security Tokens and SEC Regulation A+: A Deeper Dive Into the Regulatory Jungle

As the expression goes:  “Look before you leap.”  But if you are an innovator, determined to blaze a trail never before navigated – there is not much to look at. Being a pioneer can be a lonely and dangerous adventure.  Nothing could be more true… Read More

KoreConX Announces New Partnership With CrowdCheck

KoreConX announced on Monday it has formed a partnership with CrowdCheck Law LLP, a law firm that is seeking to help companies navigate through the JOBS Act regulations. According to KoreConX, CrowdCheck Law, LLP is an affiliated law firm of CrowdCheck, Inc., a market leader in compliance… Read More

Legion M Reg A+ Crowdfunding Offer Tops 5000 Reservations

Legion M, the fan-owned media and entertainment company, is in the midst of its 4th securities crowdfunding round having raised approximately $5 million in total. According to a note from the company, Legion M has now topped 5,000 reservations for the securities offer which will begin… Read More

SEC Investor Advisory Committee Scheduled for March 8th

The Securities and Exchange Commission (SEC) has scheduled its first meeting for 2018 of the Investor Advisory Committee (IAC). The Committee helps to guide the SEC on initiatives that protect individual investor interests. In practice, this largely means investor protection issues. The upcoming meeting includes… Read More

First Regulated Initial Coin Offering Conference ICO 2.0 Summit Dives Deep into ICO Legal, Regulatory & Economic Implications

On Friday, November 10, 2017, StartEngine, a Regulation Crowdfunding platform based in Los Angeles, California organized ICO 2.0 Summit, the first regulated ICO conference – or at least the first that I’ve seen. While there seem to be an explosion of ICO and Blockchain-related conferences… Read More

Manhattan Street Capital Launches ManhattanStreet-ICO Program for Crowdfunded Offers

Manhattan Street Capital (MSC) has launched “ManhattanStreet-ICO”program for crowdfunding companies. The platform also said it will now accept cryptocurrency for issuers using Reg A+ and Reg D offerings. Several other investment crowdfunding platforms have recently announced their intent to facilitate ICOs. The shift by Manhattan… Read More

Failure to File Ongoing Reports Could Lead to ‘Permanent Put’ on Reg CF Issuers

Speaking on a panel at the 4th Annual CrowdfundingUSA Conference today, Sarah Hanks, CEO and Founder of CrowdCheck Inc., talked about some of the compliance issues facing Regulation CF issuers. Issuers Are Not Filing Annual Reports One of the biggest issues discussed was the ongoing reporting… Read More

We Need a Regulatory Framework for Cross-Border Crowdfunding Offerings

  Sara Hanks is well known in the alternative finance/crowdfunding space. Hanks is CEO and founder of CrowdCheck –  a due diligence, disclosure and compliance services for online capital formation. She is a Board member of CFIRA and is the current Chair of the SEC’s… Read More

The Securities & Exchange Commission and NYU Partner on Half Day Session on Investment Crowdfunding

The Division of Economic and Risk Analysis (DERA), the research arm of the Securities and Exchange Commission (SEC), has partnered with New York University’s Salomon Center on a half-day conference reviewing investment crowdfunding. The event, which is open to the public, will be held at… Read More

FINRA Action on uFundingportal: Potential for Fraud Found on Crowdfunding Platform

uFundingPortal (UFP, LLC), disappeared from the ranks of approved Reg CF crowdfunding platforms in early November. Before their removal, a multitude of crowdfunding industry insiders questioned the operation and the investment offers posted on the site. The posted investments lacked transparency while proposing valuations and… Read More

Crowdfunding Platform uFundingPortal Goes Dark. Site Pulled from FINRA Approved List

uFundingPortal, a Regulation CF crowdfunding platform that was, until recently, a regulated and FINRA approved platform has been shut down. Today, the site is gone and has been removed from the list of FINRA approved platforms indicative of some sort of transgression regulators could not tolerate…. Read More

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