Politics, Legal & Regulation

September 4, 2013 @ 10:13 am By JD Alois  |  

Crowdcube Equity Crowdfunding Platform has Raised Over £12 Million to date for 64 Busineses. Crowdcube founders Luke Lang and Darren Westlake ventured off to Downing Street today to meet with British authorities to discuss the equity crowdfunding revolution and realities of today.  Representatives from HM… Read More

August 30, 2013 @ 10:32 am By JD Alois  |  

The Securities and Exchange Commission has issued a release indicating they will be holding a public meeting for the Advisory Committee on Small and Emerging Companies.   Past meetings of this committee have been relevant to the crowdfunding space and forthcoming regulations which will impact… Read More

August 29, 2013 @ 10:30 am By JD Alois  |  

The Ontario Securities Commission (OSC) today published OSC Notice 45-712 Progress Report on Review of Prospectus Exemptions to Facilitate Capital Raising, which sets out the next steps in the OSC’s exempt market review and consideration of four prospectus exemptions. The objective of this work is to facilitate… Read More

August 28, 2013 @ 11:06 am By Charles Luzar  |  

A recent blog post on TheCorporateCounsel.net corroborates our previous article that suggested crowdfunding rules would be proposed sometime this fall. However, the post also warns that the timeline for finalized Title III crowdfunding rules could stretch “well into 2014.” From the post… As this Washington… Read More

August 27, 2013 @ 8:59 am By JD Alois  |  

Earlier this year the SEC announced they had finally decided to relax the ban on “General Solicitation” or advertising for certain private placement offerings for accredited investors.  In recognition of a changing environment, albeit in a delayed fashion, the regulators have been forced to adjust… Read More

August 25, 2013 @ 8:27 am By JD Alois  |  

The SEC has announced that Eun Ah Choi has been named Managing Executive of the Division of Investment Management. The SEC’s Division of Investment Management works to protect investors, promote informed investment decisions, and facilitate appropriate innovation in investment products and services through regulation of… Read More

August 21, 2013 @ 12:00 pm By JD Alois  |  

In several recent headlines in the UK press there have been statements that “Crowdfunders Face Crackdown”  as latent fear for investor protection creeps into regulatory discussions while equity crowdfunding quickly grows.  In one particular article a Partner at Kuber Ventures commented that; “investors with little… Read More

August 16, 2013 @ 11:03 am By Charles Luzar  |  

Candace Klein has stepped down as CEO of SoMoLend. Klein was recently the subject of a notice from the Ohio Division of Securities in relation to fundraising efforts and business dealings on behalf of lending-based crowdfunding platform SoMoLend. Klein says that her decision was made because… Read More

August 16, 2013 @ 9:14 am By JD Alois  |  

Longtime advocate of the JOBS Act and crowdfunding in general, Congressman Patrick McHenry will be sharing his perspective a TechVoice Roundtable.  TechVoice is a partnership of the Computing Technology Industry Association (CompTIA), the Technology Councils of North America (TECNA). The event is being held to learn about the… Read More

August 14, 2013 @ 9:33 am By Charles Luzar  |  

Allegations by the Ohio Division of Securities reverberate through the entrepreneurial class & the crowdfunding industry Candace Klein has been an extremely visible figure in the world of crowdfunding. Beyond her role as CEO of lending-based platform SoMoLend, she is also the former chair and… Read More

August 13, 2013 @ 8:28 am By Charles Luzar  |  

Today Wisconsin GOP lawmakers are expected to introduce a bill that would legalize intrastate crowdfunding in the state. Wisconsin is set to join Kansas, Georgia, Washington and North Carolina in either considering or adopting rules legalizing in-state crowdfunding. The bill will be proposed by Representatives… Read More

August 12, 2013 @ 6:58 pm By JD Alois  |  

The SEC has announced that Kara M. Stein was sworn into office as an SEC Commissioner this afternoon by SEC Chair Mary Jo White.  Ms. Stein, nominated by President Barack Obama, replaces former Commissioner Elisse Walter. “It is an honor to join my fellow Commissioners… Read More

August 11, 2013 @ 10:05 am By Charles Luzar  |  

In a joint letter sent to SEC Chairman Mary Jo White on July 22nd, 2013, Rep. Patrick McHenry (R-NC) and Rep. Scott Garrett (R-NJ) raised serious concerns over the proposed implementation of Title II and the lifting of the ban on general solicitation for private… Read More

August 10, 2013 @ 8:08 am By JD Alois  |  

I-Canada Alliance, a non-profit group advocating Canadian global leadership through ultrafast communication along with economic growth, innovation and prosperity –  also advocates crowdfunding.  At a point last year the prominent organization posted a petition in support of Canadian investment crowdfunding and continue to request signatures… Read More

July 31, 2013 @ 8:53 am By Charles Luzar  |  

Yesterday SEC Chariman Mary Jo White addressed the timeline for implementation of the remainder of mandates enclosed in the JOBS Act, including rules regarding non-accredited crowdfund investing. The SEC has proposed or adopted rules for over 80 percent of the more than 90 Dodd-Frank Act… Read More

July 29, 2013 @ 10:05 pm By JD Alois  |  

Partnership between Kiva and city of Richmond lauded by Virginia Senator Mark Warner and Richmond Mayor  Dwight C. Jones.  Capital One to match Loans for Entrepreneurs from Kiva Platform. An impressive group of politicians and business leaders announced the launch of Kiva City Richmond.  Capital… Read More

July 29, 2013 @ 10:14 am By Charles Luzar  |  

A documentary about the interplay of private funds and politics is approaching $150,000 in funding, which would double the original goal of $75,000. We first reported on Citizen Koch earlier this month when the campaign had just surpassed the stated goal. Kickstarter has stepped in as a… Read More

July 27, 2013 @ 1:24 pm By Charles Luzar  |  

Back in May we brought you the story of Invested.in, a white-label crowdfunding platform solution with an interesting history. The Next Web just published a feature piece on the California-based company revealing that they have facilitated over $30 million in funding to date. Another revelation… Read More

July 25, 2013 @ 10:22 am By David Drake  |  

Fundrise is churning a lot of attention, by  pioneering investing in real estate through the crowdfunding platform. It has empowered large numbers of average folks to pool their money and invest in local projects. Believing that everyone should have the opportunity to invest in real… Read More

July 24, 2013 @ 2:59 pm By JD Alois  |  

Earlier this month the SEC formally adopted rules which removed the ban on advertising – or general solicitation – on private placements.  With the publishing of the final rules in the Federal Register the regulations take effect 60 days from the date of publishing, being… Read More