Tagged: cfira

April 30, 2014 @ 3:53 pm By JD Alois  |  

Our May CFIRA Educational Series will cover Crowdfunding Intermediaries. The webinar will be held on May 01, 2014, at 1:00 PM EDT. Agenda topics include: – What is a crowdfunding intermediary? – Key regulatory challenges – Intellectual property considerations – Cybersecurity risks – Due diligence best… Read More

April 30, 2014 @ 3:51 pm By JD Alois  |  

The Crowdfund Intermediary Regulatory Advocates (CFIRA) is set to host a free webinar this Wednesday, May 1, at 1PM EST regarding the legal and regulatory requirements for investment crowdfunding portals. The panel of speakers include representatives from: Wales Capital Crowdcheck Day Pittney LLP Agenda topics… Read More

March 24, 2014 @ 10:36 am By JD Alois  |  

The Crowdfund Intermediary Regulatory Advocates (CFIRA) hosted an educational session on crowdfunding last week (March 20) where they addressed the topic of General Solicitation (Advertising) for 506(c) private placements.  The panel discussion included a slide show plus several crowdfunding luminaries including: Sarah Hanks – CrowdCheck… Read More

February 25, 2014 @ 9:20 am By Charles Luzar  |  

The first day of Candace Klein’s highly-anticipated hearing is in the books. In what could be a watershed moment for crowdfunding in the State of Ohio, the Ohio Division of Securities is squaring off against Klein. The backdrop: a notice of intent to issue cease… Read More

February 4, 2014 @ 6:26 pm By JD Alois  |  

Congressman Patrick McHenry (R-NC), viewed as one of the leading legislative voices advocating the benefits of crowdfunding, was interviewed last week as part of the Crowdfund Global Expo held in San Diego January 30-31, 2014.  DJ Paul, Crowdfund Intermediary Regulatory Advocates (CFIRA) Chair and Andrea… Read More

December 18, 2013 @ 11:56 am By Charles Luzar  |  

Equity crowdfunding platform EarlyShares provided the following infographic outlining some of the facts and estimates behind Title III of the JOBS Act. Title III aims to legalize equity crowdfunding for non-accredited investors. Rules for the new exemption (Seciton 4(a)(6) of the Securuties Act) were proposed… Read More

December 11, 2013 @ 8:06 am By JD Alois  |  

James A. Jones has been hired as Kingdom Trust Company’s new Vice President of Business Development as part of their strategy in targeting the crowdfunding industry with self-directed IRAs.  The Kingdom Trust Company is an alternative asset custody provider.  Jones, a board member of the… Read More

August 19, 2013 @ 12:24 am By Charles Sidman  |  

Charles Sidman has composed the following letter addressing the State of Ohio’s recent actions against SoMoLend and Candace Klein and has shared it for dissemination. Sidman’s bona fides are listed at the bottom of the letter, including his status as an investor in SoMoLend and his… 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

June 28, 2013 @ 10:50 am By Charles Luzar  |  

A. Brian Dengler of CfIRA posted a comprehensive breakdown of a paper released by two professors of economics and management at Kaunas University of Technology, Lithuania. Crowdfunding, as an innovative capital formation strategy and investment possibility, has both supporters and skeptics. In order to investigate and… Read More

June 27, 2013 @ 9:28 am By Charles Luzar  |  

Mark Perlmutter is organizing the 2013 Crowdfunding World Summit, a two week online event that will bring crowdfunding experts from all over the world together for a comprehensive series of interviews discussing the history, current context and future path of crowdfunding. Crowdfunding enthusiasts and interested… Read More

June 18, 2013 @ 10:00 am By Charles Luzar  |  

Dr. Richard Swart has been appointed as Director of Research overseeing the policies, best practices and innovation in entrepreneurial finance at the University of California, Berkeley. The Program for Innovation in Entrepreneurial and Social Finance, directed under the College of Engineering’s Fung Institute, seeks to examine… Read More

April 16, 2013 @ 7:33 am By Charles Luzar  |  

Yesterday the Crowdfund Intermediary Regulatory Advocates (CfIRA), an industry group representing crowdfunding intermediaries, submitted a letter to the House Subcommittee on Oversight and Investigations urging those frustrated with inaction to apply pressure to those who have the power to enact change. This letter precedes tomorrow’s… Read More

February 21, 2013 @ 8:29 am By Charles Luzar  |  

February 20, 2013 @ 3:59 pm By Charles Luzar  |  

According to sources in the crowdfunding industry who were present for yesterday’s meetings in Washington, there is reason for cautious optimism in regards to Title III implementation. The message from the industry was clear; We’ve examined the problem domain and we’re ready to go, but… Read More

February 5, 2013 @ 5:20 pm By A. Brian Dengler, CFIRA  |  

With the advent of equity crowdfunding, a Tennessee University Law Professor Joan MacLeod Hemingway suggests it may be time to rethink the structure of financial and financially regulation in the United States and to look at the bigger picture of how crowdfunding and other hybrid investment properly fits into… Read More

February 3, 2013 @ 11:27 am By JD Alois  |  

“CFIRA welcomes the SEC’s approval of FINRA’s Form for Funding Portals. We see this as a very positive and proactive sign that both agencies intend to prioritize rule making on the JOBS Act. This information request is the first public and meaningful step toward developing… Read More

January 31, 2013 @ 2:13 pm By Charles Luzar  |  

Earlier this week FINRA invited prospective Crowdfunding portals to voluntarily file an interim funding portal form. The Crowdfund Intermediary Regulatory Advocates (CFIRA) and sister organization the Crowdfunding Professional Association(CfPA) have conducted a thorough review of the FINRA Registration Process Inquiry form for Crowdfunding Portals, and are optimistic about the progress that is being… Read More

December 13, 2012 @ 11:32 am By CFIRA  |  

Washington, D.C. – December 11, 2012 – Senators Jeff Merkley (D-OR) and Michael Bennet (D-CO) urged Chairman Mary Schapiro of the Securities Exchange Commission to request that rules governing crowdfunding activities be issued quickly. Merkley and Bennet were lead sponsors on the CROWDFUND Act, which was… Read More

November 28, 2012 @ 7:53 pm By A. Brian Dengler, CFIRA  |  

Despite news that the chair of the SEC will step down next month, CFIRA members remain optimistic that the SEC will formulate rules to govern equity crowdfunding under the JOBS Act by the end of 2013. Board members of the Crowdfund Intermediary Regulatory Advocates (CFIRA) made the… Read More