Politics, Legal & Regulation

April 5, 2015 @ 7:03 pm By JD Alois  |  

The Ireland Strategic Investment Fund (ISIF) is sizing up the opportunity of investing in peer to peer loans following the lead of other global institutions. ISIF is a sovereign fund that was established in December of 2014 with a statutory mandate to invest on a commercial… Read More

April 3, 2015 @ 3:00 am By JD Alois  |  

The Small Business, Enterprise and Employment Act (SBEEA) has received “Royal Assent” and will be implemented in 3 stages.  Those with the highest impact will be delivered in the final stage, according to the UK Government.  The implementation schedule may be changed following passage of… Read More

April 2, 2015 @ 3:15 pm By Erin Hobey  |  

Regulation has provided the injection the Peer-to-Peer (P2P) industry needed to take off, according to RateSetter CEO, Rhydian Lewis. As the P2P platform celebrates almost £122 million in loans during Q1 and a year as “number one,” RateSetter cites regulation as a crucial turning point for… Read More

April 1, 2015 @ 5:48 pm By JD Alois  |  

California, the most populous state in the country, is attempting to legalized equity crowdfunding once again. Last year the Assembly gave it a valiant effort but the bill died ignominiously in Appropriations committee.  The execution was said to be delivered by the AARP, a group… Read More

March 31, 2015 @ 3:11 am By Midori Yoshimura  |  

Colorado’s Senate today approved a bill that would make the state at least the 15th to create more straightforward regulations for residents who want to invest in Colorado companies through online intermediaries, noted the Associated Press. House Bill 1246, the Colorado Crowdfunding Act, would expand the pool of… Read More

March 30, 2015 @ 1:12 pm By Samuel Guzik  |  

Having just read SEC Commissioner Daniel M. Gallagher’s remarks at Vanderbilt Law School last Friday,  he may not be the only champion of smart regulation for small business capital formation.  But he is surely one of the most visible and important voices in this area. … Read More

March 30, 2015 @ 12:08 pm By JD Alois  |  

We reported on Saturday that Commissioner Daniel Gallagher had visited the land of the Commodores in Nashville and delivered a piercing speech where he labeled Title III, retail crowdfunding as similar to former East Bloc Germany. While I wondered who would play the role of… Read More

March 30, 2015 @ 10:02 am By Erin Hobey  |  

The Chinese government announced the establishment of the Steering Group on Financial Technologies to advise the Government on how to develop Hong Kong into and promote Hong Kong as a Fintech hub. The initiative to set up the Steering Committee was announced in the Financial… Read More

March 29, 2015 @ 12:02 pm By JD Alois  |  

The Securities and Exchange Commission has put together a nice fact sheet on Title IV of the JOBS Act, commonly referred to as Regulation A+.  The final rules, available here, encompass a 450 page document sharing the process behind the decision making process.  The fact… Read More

March 28, 2015 @ 6:47 am By JD Alois  |  

SEC Commissioner Daniel Gallagher gave a speech yesterday at the Vanderbilt Law School in Nashville. While the text of the speech is not yet available, Bloomberg has quoted  the Commissioner on Title III of the JOBS Act as being smothered by red-tape.  Effectively he is highlighting… Read More

March 27, 2015 @ 4:07 pm By JD Alois  |  

Fundrise, one of the first crowdfunding platforms in the United States, was an early innovator when it comes to real estate crowdfunding.  Founded by brothers Ben & Dan Miller, the pair started using old Regulation A to offer shares in small real estate deals. This… Read More

March 27, 2015 @ 9:14 am By Samantha Hurst  |  

The U.S. Securities and Exchange Commission (SEC) unanimously adopted final rules on Wednesday to expand Regulation A, an existing securities registration exemption, under Title IV of the JOBS Act, often referred to as “Regulation A+.” The expansion of Regulation A will expand capital markets for small public securities… Read More

March 26, 2015 @ 1:49 am By Midori Yoshimura  |  

If your small firm is rejected for a bank loan in Britain next year, consider hearing out the bank’s entire response: There are alternatives. A British government scheme that requires banks to refer small firms rejected for loans to alternative finance providers is expected to be underway by… Read More

March 25, 2015 @ 10:42 pm By JD Alois  |  

North Carolina has taken another step towards enacting an intrastate crowdfunding law.  As reported last year, a bill nearly passed but in the end did not have enough support to cross the line.  In February we shared the NC House had introduced a bill.  According… Read More

March 25, 2015 @ 2:00 pm By JD Alois  |  

Below is the “draft” of final rules of Title IV of the JOBS Act. Also known as Regulation A+ the below document will become final following a 60 day period after publication in the Federal Register. The 453 page document will be reviewed by the… Read More

March 25, 2015 @ 1:32 pm By JD Alois  |  

The Securities and Exchange Commission today proposed rule amendments to require that broker-dealers trading in off-exchange venues become members of a national securities association.  The amendments are designed to enhance regulatory oversight of active proprietary trading firms, such as high frequency traders (HFT). “This proposal… Read More

March 25, 2015 @ 1:20 pm By Kiran Lingam  |  

In a stunning development earlier today, the SEC released final Regulation A+ rules under Title IV of the JOBS Act that pre-empts state law for larger Regulation A offerings up to $50M and provides for state coordinated review for offerings up to $20M.  Growth companies… Read More

March 25, 2015 @ 12:45 pm By JD Alois  |  

The Securities and Exchange Commission met today to finalize rules for Title IV of the JOBS Act, commonly referred to as Regulation A+.  As expected the Commission quickly approved rules that included state Blue Sky pre-emption but for only Tier 2 of Title IV.  The… Read More

March 25, 2015 @ 9:51 am By JD Alois  |  

Later this morning the Securities and Exchange Commission will be releasing final rules for Title IV of the JOBS Act otherwise known as Regulation A+. While the details are not yet know, the expectations are for proposed rules to allow raised of up to $50… Read More

March 24, 2015 @ 11:02 am By Anthony Zeoli  |  

Earlier this month, Commissioner Luis A. Aguilar addressed the Advisory Committee on Small and Emerging Companies in Washing D.C. In his speech (embedded below), Commissioner Aguilar echoed the sentiments of the market in arguing the need for increased liquidity in the private placement market. His… Read More