Politics, Legal & Regulation

January 29, 2014 @ 8:23 am By JD Alois  |  

SeedInvest, an equity crowdfunding platform that is currently operating as an accredited investor site, recently submitted two comment letters to the Securities and Exchange Commission (SEC).  The documents were posted to the section regarding proposed rules regarding the JOBS Act, Title III commonly referred to… Read More

January 28, 2014 @ 10:49 am By JD Alois  |  

The European Commission Internal Market DG launched a public consultation on crowdfunding in 2013.  Interested individuals and organizations were asked to comment on the growing form of finance.  Recognizing the potential economic benefits of crowdfunding, the stated objective of the project was to gather data… Read More

January 27, 2014 @ 4:19 pm By Samuel Guzik  |  

In a speech delivered today by SEC Chair Mary Jo White at the 41st Annual Securities Regulation Institute in Coronado, California, entitled: “The SEC in 2014,” it appears that Chair White has “gotten the memo” from her predecessors, and is well on her way to… Read More

January 27, 2014 @ 4:06 pm By JD Alois  |  

Securities and Exchange Commission (SEC) Chair Mary Jo White addressed the 41st Annual Securities Regulation Institute which has holding their annual gathering in San Diego, California. In a keynote address White states the objective of the SEC is to; “…to protect investors, make it possible… Read More

January 24, 2014 @ 11:43 am By Charles Luzar  |  

According to Washington’s House Democratic Caucus Communications Specialist Gregory Roberts, a substitute for Washington House Bill 2023 was approved by the Business and Financial Services Committee on Wednesday, bringing it one step closer to a vote. The substitute bill is embedded below. Washington House Bill… Read More

January 24, 2014 @ 9:49 am By Charles Luzar  |  

Yesterday the Alabama State Senate approved a bill that would set into motion an intrastate crowdfunding exemption. The vote was unanimous, 31-0. Crowdfunding legislation continues to garner bipartisan support. The bill now heads to the House where it is already receiving some praise. The Associated Press… Read More

January 23, 2014 @ 11:03 pm By JD Alois  |  

European tech leaders, corporations, universities and financial institutions have joined the European Commission in two initiatives to nurture Europe’s tech and digital startups into global internet companies. Under the guidance of Vice President Neelie Kroes,  a new accelerator has been launched – the Startup Europe… Read More

January 23, 2014 @ 11:07 am By JD Alois  |  

Representative Patrick McHenry, a Republican from North Carolina, is set to deliver the Crowdfund Global Expo Keynote at next week’s event in San Diego. The legislator who has been a persistent champion of crowdfunding will be addressing the proposed rules regarding aspects of the JOBS… Read More

January 23, 2014 @ 8:50 am By JD Alois  |  

The Securities and Exchange Commission filed the new Regulation A rules associated with Title IV of the JOBS Act. The “Proposed Rule Amendments for Small and Additional Issues Exemptions Under Section 3(b) of the Securities Act” were published today thus starting the countdown for the comment… Read More

January 22, 2014 @ 12:23 pm By Kiran Lingam  |  

Since the proposed crowdfunding rules were released on October 23, 2013, the top concern for many in the industry has been that the costs of compliance would make crowdfunding too expensive to be useful. Our Crowdfunding Cost Model further backed up this concern, indicating that… Read More

January 22, 2014 @ 1:08 am By Samuel S. Guzik, The Crowdfunding Counselor  |  

December 18, 2013 may well mark an historic turning point in the ability of small business to effectively access capital in the private and public markets under the federal securities regulatory framework.

January 21, 2014 @ 12:02 pm By Charles Luzar  |  

In an op-ed published to The Digital Journal today, Maryland State Senate candidate Don Quinn presents his case for an intrastate crowdfunding exemption in his home state. It goes without saying that each small business is more than just a single unit employer. Every small… Read More

January 21, 2014 @ 10:10 am By Charles Luzar  |  

We caught wind of a proposed crowdfunding exemption in the State of Alabama in the fall of 2013. As any regular reader of Crowdfund Insider knows, intrastate crowdfunding exemptions are popping up left and right as of late. Just this week we reported on proposed legislation… Read More

January 20, 2014 @ 5:11 pm By JD Alois  |  

Filed on the exact same day that the request for comments were open on the Securities and Exchange Commission platform, the state of Massachusetts posted a comment letter regarding proposed regulations for the new Regulation A under Title IV of the JOBS Act of 2012…. Read More

January 19, 2014 @ 2:21 pm By Charles Luzar  |  

I’ve started businesses in Washington. I’ve raised money here and hired folks here. My testimony focused on my entrepreneurial story. I talked about the various businesses I have started, ran, and sold. I talked about my experience raising angel and institutional capital in Seattle very… Read More

January 18, 2014 @ 6:11 pm By Paul Spinrad  |  

  Dear Governor Brown, Long time listener, first time caller. You’re a busy man, but I want to bring your attention to something that I suspect is right up your alley: investment crowdfunding. California should be leading the way on this promising new economic mechanism,… Read More

January 17, 2014 @ 10:06 am By Georgia Quinn  |  

Office of Advocacy Invokes Act That Requires SEC to Consider Impact on Small Business. If first you don’t succeed… In a brief but much needed comment letter, dated January 16, 2014, the Office of Advocacy (Advocacy) of the Small Business Administration (SBA) asked the Securities… Read More

January 17, 2014 @ 8:57 am By Charles Luzar  |  

As reported on Crowdfund Insider, there was a pretty incredible hearing yesterday in front of the House Committee on Small Business Subcommittee on Investigations, Oversight and Regulations. Attendees included Jason Best, DJ Paul, Prof. Mercer Bullard and Daniel Gorfine. In short, all four attendees expressed… Read More

January 16, 2014 @ 10:08 am By Charles Luzar  |  

A House committee hearing on crowdfunding and the JOBS Act took place today featuring testimony from… Jason Best, Crowdfund Capital Advisors partner DJ Paul, Chief Strategy Officer of Gate Global Impact and CFIRA co-chair Daniel Gorfine, Director of Financial Markets Policy at the Milken Institute Mercer Bullard, President… Read More

January 15, 2014 @ 4:00 pm By JD Alois  |  

Entrepreneur and crowdfunding industry thought leader Kim Wales has outlined her views on Title III  of the Jumpstart Our Business Startups Act of 2102 which covers “popular” crowdfunding (sometimes called Reg CF).  The comment period for the SEC on the proposed regulations are scheduled to end next month on… Read More