Politics, Legal & Regulation

October 30, 2015 @ 8:41 am By JD Alois  |  

Anticipating the forthcoming vote and final rules on Title III, retail crowdfunding, later today by the SEC, John Berlau from the Competitive  Enterprise Institute believes the Commission will provide much needed regulatory relief; Today’s equity crowdfunding rules from the Securities and Exchange Commission implementing Title… Read More

October 30, 2015 @ 1:00 am By Therese Torris  |  

Insights from the European Crowdfunding Convention 2015 The European Crowdfunding Network (ECN) has been holding its 4th Convention in Paris. The main topic of the first day was the Capital Markets Union and its implications for crowdfunding. The European equity funding gap The Capital Markets… Read More

October 29, 2015 @ 6:37 pm By JD Alois  |  

The SEC has updated their site to reflect a more defined meeting for tomorrow’s meeting of the Commission to reveal Title III, retail crowdfunding final rules.   The SEC will have  representatives of the Division of Corporate Finance in attendance to present information, similar to… Read More

October 29, 2015 @ 2:34 pm By JD Alois  |  

Antonio Weiss, Counselor to the Secretary of the Treasury Jack Lew, spoke earlier today at the Information Management Network Conference in New York City. The topic of his speech was the marketplace / P2P lending industry and the recent interest by Treasury officials and their… Read More

October 29, 2015 @ 1:09 pm By Erin Hobey  |  

The Securities Commission of Malaysia (SC) will introduce a framework for peer-to-peer (P2P) lending next year, reported The Star‘s Ng Bei Shan, a motion in line with the growing interest in fintech in Asia. “You need to have the right matrix to determine the credit quality of… Read More

October 29, 2015 @ 8:41 am By Kiran Lingam  |  

At long last (3 years, 6 months, 25 days since signing of the JOBS Act to be exact), we will get Title III equity crowdfunding rules tomorrow potentially opening up a new novel avenue for small businesses to raise capital. When the original rules were… Read More

October 28, 2015 @ 7:42 pm By JD Alois  |  

Chair White Mentions Possible Cases of Fraud Under Title II But Not Widespread SEC Chair Mary Jo White took to the bully pulpit to address the Securities Regulation Institute in New York City this week.  She leveraged the opportunity to talk about building a more… Read More

October 28, 2015 @ 11:02 am By Samantha Hurst  |  

NextGen Crowdfunding and Crowdfundingroadmap, Inc. announced they have formed a partnership to help crowdfunding investors, emerging businesses, and crowdfunding service providers connect with each other. The companies made the joint announcement at the 4th Annual Global Crowdfunding Convention founded by Ruth E. Hedges. Regulation A+ is… Read More

October 28, 2015 @ 9:00 am By Samuel Guzik  |  

I will not be discouraged by failure; I will not be elated by success.” Joseph B. Lightfoot The bigger than life headline yesterday? The long-awaited news that the SEC’s five Commissioners would be convening this coming Friday to vote on, and presumably approve final Title III… Read More

October 28, 2015 @ 8:12 am By JD Alois  |  

The Financial Conduct Authority has published their response to the Competition and Market Authority payday lending investigation.  The FCA said it had “worked closely with the CMA” regarding the market investigation.  The consultation paper is accepting feedback until January 28th, 2016.  The proposal by the… Read More

October 27, 2015 @ 11:00 am By Erin Hobey  |  

  “We think that the research will provide useful metrics on which sound policy can be built and measured.  Ideally, policy should encourage opportunity and entrepreneurship.” Working at the intersection of entrepreneurship and marketing communications, Professor Robert Rosenberg of the University of Chicago Booth School of… Read More

October 27, 2015 @ 9:03 am By JD Alois  |  

The Securities and Exchange Commission (SEC) will reveal the final rules regarding Title III of the JOBS Act this Friday, October 3oth.  The long-awaited regulations will mark the completion of the bi-partisan bill that was signed into law over three years ago. Presently Title II… Read More

October 27, 2015 @ 1:49 am By Midori Yoshimura  |  

Last week, Financial Conduct Authority Chair and acting CEO Tracey McDermott visited Parliament last week, and spoke before the Treasury Select Committee on topics including alternative financing sources. She addressed questions of risk for investors in crowdfunding and peer-to-peer lending, as well as the role of regulation…. Read More

October 24, 2015 @ 9:49 am By JD Alois  |  

Last week Tracey McDermott, Acting Chief Executive at the Financial Conduct Authority, delivered a speech addressing a pressing issue in the world of financial regulation.  It was driven upon the fact that most policy makers create new rules following periods of crisis. This is soon followed… Read More

October 23, 2015 @ 9:44 am By JD Alois  |  

The annual gathering at the Securities and Exchange Commission to discuss issues pertaining to SMEs is scheduled for November 19th, 2015.  The Government-Business Forum on Small Business Capital Formation has become a much-needed event for members of the business community to interact with SEC officials…. Read More

October 23, 2015 @ 8:37 am By JD Alois  |  

The Competition and Markets Authority (CMA) has published its anticipated report on the state of retail banking in the UK.  Unlike the US market, the UK banking industry is almost completely served by several very large banks (RBS, Barclays, HSBC, Lloyds & Santander).  These are… Read More

October 20, 2015 @ 6:19 pm By JD Alois  |  

The Alberta Securities Commission (ASC) and Nunavut Securities Office have published a new exemption for startups in the province.  The document is now open for a 60 day comment period. The ASC states; We have heard that in the case of some small, early-stage businesses… Read More

October 20, 2015 @ 5:16 pm By JD Alois  |  

President Barack Obama has revealed his picks to fill the two vacancies at the Securities and Exchange Commission.  Hester Peirce, currently a Professor at George Mason University and Lisa Fairfax, a Professor at George Washington University Law School, have been selected to fill two spots… Read More

October 20, 2015 @ 2:45 am By JD Alois  |  

The Australian government revealed its response to the financial systems inquiry today and buried within the document was provisioning for “crowd-sourced equity crowdfunding “.  The long anticipated move by the government is part of the innovation agenda in the financial sector. Final guidelines for equity… Read More

October 19, 2015 @ 8:30 am By Anthony Zeoli  |  

As many of you know, since the release of the final Title IV (i.e. “Regulation A+”) rules earlier this year, Massachusetts and Montana have been vehemently contesting the provisions allowing for pre-emption of State regulation with respect to “Tier II” offerings. They have even gown… Read More