Last week I pointed out that despite all of the hype around crowd funding for startups, it’s still illegal to crowdfund in exchange for equity. Well, it still is, but there has been a small development in the saga of the JOBS Act since then.
In a conversation with Candace Klein, founder of debt-based crowdfunding company SoMoLend and one of the people who worked on the JOBS Act, she mentioned that the Financial Industry Regulatory Authority (FINRA), the largest independent regulator for all securities firms doing business in the United States, last week decided to “issue an interim form to seek essential information from prospective funding portals intending to apply for membership with FINRA pursuant to the JOBS Act.”
Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.
YTD: Jan 1, 2026 - Oct 22, 2026 vs Jan 1, 2025 - Oct 22, 2025
Share this graph
Number of Filings130Prior 125 +4.0%
Target Raise, Total$3.37BPrior $3.54B -4.7%
This YTD
Year prior
Change
Filings
130
125
+4.0%
Target raise
$3.37B
$3.54B
-4.7%
Sponsored by
the Crowded Media Group
the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us@CrowdfundInside
This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it and agree to our terms of service.
