Tagged: finra

October 16, 2015 @ 6:00 am By JD Alois  |  

The Financial Industry Regulatory Authority (FINRA) published its proposed portal rules for crowdfunding platforms under Title III of the JOBS Act of 2012.  The guidelines from FINRA have been expected for some time and with the SEC ready to announce final rules for retail crowdfunding… Read More

June 10, 2015 @ 9:36 pm By JD Alois  |  

In a little over a week Title IV of the JOBS Act, commonly called Reg A+, will become actionable.  We are already hearing chatter about companies planning on using the new exemption. Whenever a new chapter is written in the Securities Law Book there is… Read More

June 9, 2015 @ 3:01 am By Anthony Zeoli  |  

Early last week the Financial Industry Regulatory Authority (FINRA) rolled out a multi-million dollar ad campaign promoting its online research tool called “BrokerCheck.” BrokerCheck is free online database intended to provide the investing public with an east way to research brokers and investment advisers before… Read More

February 23, 2015 @ 10:09 pm By Anthony Zeoli  |  

Early in 2014, the U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) announced its intention to conduct an examination of certain registered broker-dealers and investment advisers in order to assess the general vulnerability of the securities industry, as a whole, to cyber-attacks…. Read More

November 19, 2014 @ 9:15 am By Richard Swart  |  

  In my May 2014 article, “The Bell Tolls for Title III”, I laid out the reasons why it was highly unlikely that the SEC would issue Title III rules before the November elections and predicted that should the Senate flip to Republican control, we… Read More

October 16, 2014 @ 10:55 am By Erin Hobey  |  

FlashFunders is the first no-cost equity funding platform open for small businesses and tech entrepreneurs.  “This is not the Silicon Vally model leveraging technology for business as usual,” avers FlashFunders. FlashFunders Co-Founder Vincent Bradley aims to take advantage of the recent changes in private equity funding by offering… Read More

September 28, 2014 @ 5:34 pm By JD Alois  |  

The Securities and Exchange Commission has published a report on markets for small capitalization equities as part of the requirement of the JOBS Act to study decimalization and trading of small cap companies.  Questions of liquidity and market efficacy have been ruminating at the SEC… Read More

September 3, 2014 @ 7:30 am By Kim Wales  |  

Some Issues in Title III Crowdfunding Regulations Require Modification. Recently, there has been a renewed call for action on Title III (Regulation Crowdfunding) to go-live. And there are some proponents in the industry that just want the rules to go live ‘as-is’. However, the Crowdfunding… Read More

September 2, 2014 @ 6:51 pm By JD Alois  |  

Kickercon, a crowdfunding conference took place this past week in Texas.  At one of the sessions Ron Miller,  CEO of StartEngine and hopeful  crowdfuning portal operator, took to the podium to pound the table on Title III retail crowdfunding. In a presentation titled:  Investment Crowdfunding… Read More

May 27, 2014 @ 8:15 am By Richard Swart  |  

After more than two years of waiting, the news from Capitol Hill is not good.  The JOBS Act was a political compromise passed by Congress in 2012 due to several layered political agendas. Unfortunately, the provisions of the JOBS act, as enacted in Title III,… Read More

May 5, 2014 @ 7:30 am By Samuel Guzik  |  

For those of you who were too busy to notice, U.S. Congressman Patrick McHenry introduced three draft bills into the House Financial Services Committee last week.  One of them, if it were to become law, would open up the U.S. equity crowdfunding world in ways… Read More

January 8, 2014 @ 11:10 am By Charles Luzar  |  

As they do every year, FINRA has released a letter outlining their priorities for the forthcoming year. Regulatory changes prompted by the passage and implementation of the JOBS Act are featured heavily in the letter as risks that mandate diligence on behalf of FINRA. Issues… Read More

January 8, 2014 @ 9:38 am By Kendall Almerico  |  

The SEC’s 90-day comment period for the proposed JOBS Act equity crowdfunding rules ends in late January 2014. There is a chance that we could see the first JOBS Act crowdfunding campaigns as early as April, although I am not holding my breath on that… Read More

January 3, 2014 @ 10:28 am By David Drake  |  

Under the proposed rules, Title III of the Jumpstart Our Business Startups Act (JOBS Act) will create a new investor class by allowing non-accredited investors to participate in crowdfunding. These rules will lead to a democratized investment landscape profitable to entrepreneurs, inventors, artists, writers, and… Read More

December 23, 2013 @ 5:00 am By Charles Luzar  |  

In applying a loose definition of the term “crowdfunding,” Rodrigo Nino stands as the undisputed king of the emerging fundraising methodology. He and his team at Prodigy Network crowdfunded a building in Colombia to the tune of over $175 million from investors both in Colombia… Read More

November 4, 2013 @ 8:00 am By Samuel Guzik  |  

(Editors Note: The content below was corrected to reflect text included in the original article that was not clearly attributed to Dara Albright.) There was an air of euphoria in the crowdfunding community on October 23 when the U.S. Securities and Exchange Commission finally issued… Read More

October 31, 2013 @ 2:09 pm By Charles Luzar  |  

Yesterday the United States Senate Committee on Banking, Housing & Urban Affairs held a hearing entitled “The JOBS Act At A Year And A Half: Assessing Progress And Unmet Opportunities.” It was set to be a particularly interesting hearing because of the panel, which included… Read More

October 23, 2013 @ 4:09 pm By Charles Luzar  |  

In what is becoming the busiest day in crowdfunding news since the JOBS Act has passed, FINRA has released proposed rules governing funding portal registration. Public comments will be accepted until February 3, 2014. More on this to come… FINRA Release on Proposed Rules Finra… Read More

July 11, 2013 @ 10:36 pm By JD Alois  |  

As previously reported, FINRA held a board of Governors meeting today and addressed several important issues.  One of their agenda items was Title III of the Jobs Act which covers crowdfunding. In posting on the FINRA site signed by CEO and Chairman Richard Ketchum, FINRA… Read More

July 5, 2013 @ 9:20 am By JD Alois  |  

The FINRA Board of Governors has scheduled a meeting on July 11th – one day after the SEC meeting to review portions of the jobs act, specifically regulation pertaining to Regulation D or private placements. The FINRA board will review a proposal to solicit comment… Read More