Politics, Legal & Regulation

July 12, 2016 @ 9:56 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has announced three new members of the Investor Advisory Committee (IAC).  The new members are: John Coates, John F. Cogan Jr. Professor of Law and Economics at Harvard Law School, and Research Director of the Center on the Legal… Read More

July 12, 2016 @ 8:12 am By JD Alois  |  

The Financial Conduct Authority (FCA) has published a Competition Report, alongside their annual report this year. Incorporated in HM Treasury’s 2015 Productivity Statement, the FCA was asked to produce a standalone annual competition report to show how well they are delivering on their competition objective…. Read More

July 11, 2016 @ 8:30 am By JD Alois  |  

The House Financial Services Committee, Subcommittee on Financial Institutions and Consumer Credit, has scheduled a hearing on the marketplace lending sector of online lending.  Entitled, Examing the Opportunities and Challenges with Financial Technology (Fintech): The Development of Online Marketplace Lending,” the meeting will take place… Read More

July 10, 2016 @ 12:00 pm By Therese Torris  |  

As UK politicians, pro-Brexit and pro-Bremain alike, resign one after the other, the uncertainty about the consequences of the Brexit vote is rising instead of abating. Here is a summary the following main causes of uncertainty that impact financial services: The Legal Exiting Process: The… Read More

July 9, 2016 @ 2:54 pm By JD Alois  |  

In 2014 the Financial Conduct Authority (FCA) enacted new rules for the regulation of crowdfunding platforms operated by firms authorized by the FCA. At that time, the agency committed to carrying out a full post-implementation review of the crowdfunding market and regulatory framework in 2016…. Read More

July 9, 2016 @ 9:23 am By JD Alois  |  

The SEC Investor Advisory Committee (IAC) has scheduled a meeting for Thursday, July 14, 2016.  The agenda for the IAC meeting is scheduled to include remarks from the SEC Commissioners; a discussion of the state of sustainability reporting; a discussion regarding investment company reporting modernization;… Read More

July 8, 2016 @ 8:43 am By JD Alois  |  

The UK Peer to Peer Finance Association (P2PFA) has released a comment on the forthcoming review of crowdfunding rules by the Financial Conduct Authority (FCA). The P2PFA called the post-implementation review of crowdfunding rules an opportunity to ensure an appropriate balance of regulation protecting investors… Read More

July 8, 2016 @ 8:28 am By JD Alois  |  

The Financial Conduct Authority (FCA) has announced a “call for input” in preparation for an expected review of existing crowdfunding regulations in the UK. The FCA will be revisiting rules surrounding investment based crowdfunding including both debt and equity. In early 2015, the FCA conducted an… Read More

July 7, 2016 @ 11:08 pm By Therese Torris  |  

In the troubled post-Brexit context, many leaders in the UK traditional and alternative financial services are trying to reassure their market and even to present the Brexit vote as an opportunity for the UK. Their statements read like reactions of the French after a soccer… Read More

July 7, 2016 @ 3:35 pm By JD Alois  |  

The collateral damage of the Brexit decision will be reverberating for weeks to come but some countries are sensing an opportunity in light of the UK decision to abandon the EU.  France is now rolling out the red carpet hoping to lure UK based financial… Read More

July 7, 2016 @ 10:58 am By JD Alois  |  

The UK Chancellor of the Exchequer, George Osborne, has joined with UK financial industry leaders in a statement regarding the status of London as a global financial center following the EU Referendum results. London, depending on how you rank certain characteristics, is considered to be… Read More

July 6, 2016 @ 5:34 pm By JD Alois  |  

The State of Washington has adopted rules requiring companies raising capital under Reg CF to submit notice filings, along with a fee, if the company’s principle place of business is the state of Washington.  The rule also requires a notice filing if over 50% of… Read More

July 6, 2016 @ 11:01 am By JD Alois  |  

Mangrove Capital Partner and former COO of Skype, Michael Jackson, is of the opinion the Brexit is “far from being an economic disaster”. In a release on Finextra, Jackson states that great entrepreneurs feed off of disruption. In this case, the disruption is being driven… Read More

July 5, 2016 @ 9:11 pm By JD Alois  |  

The Fix Crowdfunding Act (HR 4855) easily cruised through the House by a vote of 394 – 4 as it attracted broad bipartisan support.  It was joined by the Supporting America’s Innovators Act (HR 4854) which passed on a vote of 389-9. HR 4854 raised… Read More

July 2, 2016 @ 2:03 pm By JD Alois  |  

Embedded below is the speech by Mark Carney, the Governor of the Bank of England. The remarkable situation engendered by the EU referendum results compelled Carney to deliver a calming speech effectively telling the UK it could weather the storm; “The UK can handle change…. Read More

July 1, 2016 @ 4:28 pm By JD Alois  |  

The Fix Crowdfunding Act (HR 4855), a bill that sailed through the House Financial Services with broad bi-partisan support, is expected to hit the House floor for a vote this coming Tuesday.  A source told Crowdfund Insider that originally it was on the back-burner for… Read More

July 1, 2016 @ 1:55 pm By Robin Sosnow  |  

Political campaigns may have a symbiotic relationship to crowdfunding. In a sense, politicians have been crowdfunding political donations for years, even before the term was generally known. Since then, many have used actual internet-based crowdfunding campaigns in their fundraising. President Barak Obama has high hopes… Read More

July 1, 2016 @ 10:50 am By JD Alois  |  

The state of North Carolina appears to be ready to get their own investment crowdfunding exemption. It has taken several attempts by advocates and certain legislators but it seems the stars finally aligned as the most recent initiative was approved by the North Carolina Senate…. Read More

June 30, 2016 @ 9:49 am By Samantha Hurst  |  

One week after the UK voted to leave the European Union (EU), equity crowdfunding platform AngelsDen revealed its thoughts about the departure and economy predictions. The website stated: “Obviously the UK vote to leave the European Union has raised many questions about investing in UK… Read More

June 29, 2016 @ 10:55 pm By JD Alois  |  

During a wide-ranging speech this week at the DBS Institutional Investor Symposium, Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore (MAS), made the statement; “As a progressive and innovative financial centre, Singapore has much to offer to global investors in opening the door… Read More