Start-ups and small businesses represent the heart of the American economy and fostering this sector is integral to continued innovation and job growth in the U.S. Access to capital however, is always a critical issue for these types of businesses and angel investors often represent… Read More
Ohio is next on the list to consider intrastate crowdfunding legislation. If the current bill passes (HB 10), Ohio will join 30+ states that have already signed legislation into law that allows for raising capital online for businesses based in their states. Today, issuers have… Read More
While it took longer than expected to get here, Crowdfunding for Illinois businesses is now officially up and running and its full steam ahead. To mark the occasion, a joint press conference was held yesterday at local incubator 1871 which I was privileged to be… Read More
Indiegogo, the trend-setting international crowdfunding platform for entrepreneurs to bring their ideas to fruition, has launched a new equity crowdfunding portal with MicroVentures allowing anyone to invest in startups and growing companies. By utilizing new equity crowdfunding regulations that took effect in May, the new service provides… Read More
VestLo is an intrastate crowdfunding platform operating in Illinois. It was set up in 2015 by Howard Orloff and Hector Robles. Anthony Zeoli, a Crowdfund Insider Senior Contributor and Chicago based attorney, has advised the firm on its operation. Zeoli is also the main author… Read More
Almost a year ago, the SEC proposed certain amendments to the current Rule 147 which were intended to help foster, and increase the viability of, Intrastate crowdfunding. While little has been heard about these amendments since their release (except from Intrastate proponents like me of… Read More
Reg CF investment crowdfunding (Title III of the JOBS Act) has only been actionable since May of this year. At the end of May, there were 10 FINRA/SEC approved Regulation CF platforms with only a handful listing live investment opportunities. The approved platforms at the… Read More
While I have kept both my statutory summary pages and comparative summaries relatively up to date, it has been quite a while since I have done an editorial update on Intrastate Crowdfunding. With the increased number of active Intrastate regulations, as well as the growing… Read More
Now I don’t usually use this forum to discuss particular crowdfunding offerings. However, after seeing a recent MSNBC piece on DSTLD, and their current Regulation A+ equity offering, I simply had to highlight their truly model story. I believe many wannabe Reg A+ issuers could… Read More
In connection with a private offering of securities the issuer will provide potential investors with some form of disclosure document. Regardless of what type of offering it is (e.g. Rule 506, Title III, Intrastate, or other private offering), the intent of this disclosure document is… Read More
In early June, the U.S. House of Representatives, Financial Services Committee, approved the “Fix Crowdfunding Act” bill (HR 4855). Maybe it’s the title of the bill that is misleading, but since then I have seen multiple articles which incorrectly describe what this legislation, if fully… Read More
The state of North Carolina appears to be ready to get their own investment crowdfunding exemption. It has taken several attempts by advocates and certain legislators but it seems the stars finally aligned as the most recent initiative was approved by the North Carolina Senate…. Read More
With the Federal Title III rules effective, there is certainly a lot of excitement surrounding national level “retail” crowdfunding to non-accredited investors. That’s obviously great news for the industry, but it’s important to remember that the majority of the states currently have some form of “intrastate”… Read More
The Crowdfund Intermediary Regulatory Association (CFIRA) has updated its Board of Directors adding several new members. The recently appointed individuals will begin a two year term on June 2nd. The new members include: Anthony Zeoli – Partner at Freeborn and Crowdfund Insider Senior Contributor Ron… Read More
The crowdfunding regulations of the Securities and Exchange Commission (SEC) became effective on May 16, 2016, and the agency has issued Compliance and Disclosure Interpretations (C&DIs) providing interpretive guidance on Regulation Crowdfunding. “It is encouraging to see the SEC being so proactive in issuing… Read More
Crowdfund Insider Senior Contributor Anthony Zeoli has received a nice recognition from his hometown. Zeoli, a partner at Freeborn & Peters law firm, was recently acknowledged as the Innovator of the Year Award from the Small Business Advocacy Council (SBAC) of Chicago. Zeoli, as many people… Read More
This week, Chicago-based fintech company VestLo announced that it has become the first to submit an application to the Illinois Secretary of State, Securities Division, so that it may register as a “qualified” crowdfunding platform under the new Illinois Intrastate Crowdfunding Exemption. The adopted Illinois Intrastate Crowdfunding Bill creates… Read More
As many of you know there is a heated ongoing debate as to whether the current definition of “accredited investor” should be revised and, if so, how it should be revised. The overwhelming majority of recent articles, and even proposed legislation, surrounding this topic focus… Read More
A new Bill (H.R. 4831) was recently introduced by Representative J. French Hill which looks to amend the rules of the Internal Revenue Code of 1986 (the “Code”) concerning “subchapter S” qualified corporations (“S Corps”), and the limited number of permitted S Corp shareholders, to… Read More
The US Department of Treasury, via the Financial Crimes Enforcement Network (FinCEN), has published a proposed rule change that impacts the definition of a funding portal under Title III of the JOBS Act. This new rule-making would amend some definitions to include funding portals. Specifically,… Read More
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it and agree to our terms of service.Ok
