Politics, Legal & Regulation

January 24, 2013 @ 8:48 am By Charles Luzar  |  

Multiple news sources are reporting that President Obama will nominate former US Attorney Mary Jo White to chair the SEC later today. From USA Today… During the Bill Clinton administration, White served as U.S. attorney for the Southern District of New York. She specialized in… Read More

January 23, 2013 @ 4:13 am By JD Alois  |  

Coming from the pages of Mondaq: SEC Approves FINRA Rule Change to Adopt Interim Form for Funding Portals under the Crowdfunding Provisions of the JOBS Act FINRA filed with the SEC a proposed rule change to adopt the Interim Form for Funding Portals (“IFFP”). The… Read More

January 22, 2013 @ 1:25 am By The Telegraph  |  

Peer-to-peer lending has the potential to kickstart the economy by providing credit for small businesses Despite some encouraging signs, the UK economy remains in trouble. Growth remains weak and confidence fragile. Lending to small and medium businesses – the motor for job creation – has… Read More

January 21, 2013 @ 8:44 pm By JD Alois  |  

As part of Ontario’s ongoing deliberations on their path to facilitating crowdfunding the Ontario Securities Commission a series of meetings.  These have been scheduled to discuss the merits and challenges specifically associated with crowdfunding. Staff of the Ontario Securities Commission (OSC) invite you to attend… Read More

January 21, 2013 @ 4:09 pm By MyCentralJersey  |  

In April, President Barack Obama signed the bipartisan Jumpstart Our Business Startups Act into law. The entrepreneurial community cheered, saying the law would help small businesses raise money during their most vulnerable periods, when companies try to move from early to late stage. “The thing… Read More

January 21, 2013 @ 7:41 am By USAToday  |  

In April, President Barack Obama signed the bipartisan Jumpstart Our Business Startups Act into law. The entrepreneurial community cheered, saying the law would help small businesses raise money during their most vulnerable periods, when companies try to move from early to late stage. “The thing… Read More

January 19, 2013 @ 8:42 am By TechnicallyPhilly  |  

One Philadelphia Attorney’s perspective: New Year’s Eve of 2012 came and went this year as it does every year. Some partied. Some slept. But for those of us who are paying attention to the world of equity crowdfunding, Dec. 31, 2012 was supposed to be a day… Read More

January 18, 2013 @ 4:03 am By Real Business  |  

Start-ups and early stage businesses have usually been the territory of the three f’s: friends, family and fools. Typically, when the f’s have been exhausted, the projects that survived and still show promise would turn to institutional providers – banks, debt providers and venture capitalists…. Read More

January 17, 2013 @ 11:26 pm By JD Alois  |  

On December 20, 2012, the Canadian Securities Administrators, excluding Ontario and British Columbia, announced that they would be publishing harmonized interim local orders to provide exemptions from certain disclosure requirements relating to the use of the “OM exemption” under NI 45-106 and the use of Form 45-106F2 Offering memorandum for non-qualifying issuers. This… Read More

January 14, 2013 @ 4:00 am By VentureBeat  |  

Imagine if your favorite neighborhood bakery or a local start-up conducted an IPO. Could personal relationships drive local investments and investor profit? In economic times like these, investment in their neighbors will appeal to investors of every stripe. The purpose of this post is to… Read More

January 13, 2013 @ 12:24 pm By The Malta Independent  |  

The European Commission this week presented an action plan aimed at “unleashing Europe’s entrepreneurial potential to bring back growth”. The message is that in order to return to growth and higher levels of employment, Europe needs more entrepreneurs. With four million new jobs created every… Read More

January 12, 2013 @ 4:37 pm By JD Alois  |  

File this under recently discovered.  The North American Securities Administrators Association (NASAA) has published a document inquiring; Are You An Informed Investor?  Crowdfunding.  It would appear the NASAA is not a fan of the Jobs Act – at least certain segments of it. Certainly a benign… Read More

January 10, 2013 @ 2:56 pm By JD Alois  |  

WASHINGTON– The Financial Industry Regulatory Authority (FINRA) today issued a voluntary Interim Form for Funding Portals designed for prospective crowdfunding portals under the JOBS Act. Those intending to become a funding portal may voluntarily submit information regarding their business on the interim form. The information… Read More

January 10, 2013 @ 8:17 am By Mondaq  |  

The Ontario Securities Commission has released a broad consultation paper, OSC Staff Consultation Paper 45-710 Considerations for New Capital Raising Prospectus Exemptions, which explores four “concept ideas” relating to new prospectus exemptions in Canada. This includes the OSC’s preliminary thoughts about crowdfunding. The Canadian Securities Administrators (CSA) have been… Read More

January 10, 2013 @ 8:12 am By JD Alois  |  

The European Commission has released a statement indicating that a focus on Entrepreneurship, including crowdfunding, is an increasing priority in driving economic growth. During the economic crisis EU member countries have struggled to various degrees in their attempts to create job. Dramatic structural reform must… Read More

January 8, 2013 @ 9:33 pm By Inc.  |  

The president signed the JOBS Act into law in April, fueling a boom in crowdfunding companies. But the SEC is stalling. What’s the hold up? In an afternoon ceremony at the White House on April 5, 2012, President Obama signed off on the creation of… Read More

January 8, 2013 @ 2:28 pm By Charles Luzar  |  

This morning at #CrowdfundTX there was a panel discussion on the state of the crowdfunding industry.  I have to give credit where credit is due. Chris Camillo moderated the panel, and he led his questioning with perhaps the most important question of all. “What is… Read More

January 8, 2013 @ 7:02 am By NYTimes.com  |  

As we begin the New Year, I thought I would share some perspectives on where I think we stand in terms of access to capital and what I think will happen with small-business lending in 2013. In part, my perspective comes from reading various reports… Read More

January 7, 2013 @ 7:51 pm By JD Alois  |  

Coming from the pages of the Financial Times is an article today regarding the desire by some of the burgeoning group of Crowdfunding platforms.  Some of these new financial platforms have been requesting regulation by the Financial Services Authority (FSA). In lieu of uncertain or… Read More

January 4, 2013 @ 5:21 am By Blakes  |  

OSC consults on possible new prospectus exemptions to broaden access to the exempt market Four “concept ideas” considered: crowdfunding, an offering memorandum exemption for Ontario, and two exemptions based on investor sophistication or advice Dealer or adviser registration considered for funding portals The Ontario Securities Commission has… Read More