CfPA Schedules 3rd Annual Summit to Take Place in DC

CfPA Board of Directors 2015The Crowdfunding Professional Association (CfPA) will be holding its 3rd annual “Crowdfinance Summit” in Washington, DC this December.  The annual gathering comes at an opportune time as final rules under Title III of the JOBS Act are expected to be announced soon.  According to the CfPA, this year’s theme is “Outlook and Opportunities” for 2016.

Earlier in 2015, final rules for Title IV of the JOBS Act, referred to as Regulation A+, were announced.  Multiple investment crowdfunding platforms are now using this updated exemption.  Described as a “mini-IPO” type exemption, issuers may raise up to $50 million from both accredited and non-accredited individuals.

Title II of the JOBS Act legalized accredited crowdfunding and this exemption has been widely utilized since 2013.

The CfPA Summit will discuss each exemption and provide participants with “key insight” as to where the industry is headed in the coming comes.

Investment crowdfunding at the state level has also witnessed dramatic growth, with many states having adopted their own crowdfunding statutes or actively considering legislation. In this regard, the CfPA will host the Secretary of State of Georgia, Brian Kemp, to discuss his efforts toward expanding their Invest Georgia Exemption to allow up to $5 million in equity crowdfunding, a move that is expected by some industry insiders to serve as a catalyst for similar new federal legislation in 2016.

Washington DC MonumentCreated soon after the signing of the JOBS Act of 2012, the CfPA is a leadership and advocacy organization bringing together all those who support and benefit from the nascent industry of crowdfinance. Working in alliance with legislative and regulatory bodies, established financial services firms, rising FinTech businesses and academic leaders, the CfPA seeks to cultivate a healthy ecosystem that aims to accelerate capital formation for startups and emerging growth enterprises while ensuring investor protection.

The CfPA Summit is open to any interested members of the public.  The CfPA notes that anyone registering for this year’s Summit will automatically receive a one year membership in the organization.

 

 

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