Tagged: finra

December 12, 2016 @ 8:12 am By JD Alois  |  

uFundingPortal (UFP LLC) went off-line last month after receiving regulatory approval to operate as a Reg CF funding portal earlier this year.  Crowdfund Insider reported the disappearance of the site in November as questionable companies were listed with bare bones information and outlandish valuations. Industry… Read More

November 30, 2016 @ 1:16 pm By Samantha Hurst  |  

Funding Wonder Crowd, LLC, a small business lending platform operator, announced on Wednesday it was approved by FINRA (the Financial Industry Regulatory Authority) as a licensed Regulation Crowdfunding Portal. Sharing details about the new crowdfunding platform, Michael Mildenberger, CEO of Funding Wonder, stated: “Funding Wonder is… Read More

November 21, 2016 @ 1:47 pm By JD Alois  |  

Last time we provided an update on the Reg CF crowdfunding sector and approved funding portals there were 17 in operation. Today that number has increased to 21 FINRA approved platforms with several notable updates. Reg CF was created under Title III of the JOBS… Read More

November 9, 2016 @ 2:34 pm By JD Alois  |  

uFundingPortal, a Regulation CF crowdfunding platform that was, until recently, a regulated and FINRA approved platform has been shut down. Today, the site is gone and has been removed from the list of FINRA approved platforms indicative of some sort of transgression regulators could not tolerate…. Read More

October 20, 2016 @ 11:14 am By JD Alois  |  

FINRA is a non-governmental entity that acts as a financial regulator over a wide swath of the financial industry.  Their mission is to detect and prevent wrongdoing in the US financial markets. FINRA also has enforcement powers. Last year alone they rendered over 1500 disciplinary… Read More

September 14, 2016 @ 10:50 am By JD Alois  |  

The SEC is constantly churning out releases and statements and, at times, advice for investors. Earlier this week they revisited an important topic: fees and expenses ladled on by funds and firms can harm your long-term investment returns. Most investors focus on top line numbers… Read More

September 1, 2016 @ 7:03 pm By JD Alois  |  

The list of approved and regulated Regulation CF platforms is growing. The roster now stands at 15 FINRA regulated crowdfunding platforms.  The most recently approved platform, ‘Mr. Crowd’ has an interesting progeny as it is being launched by Allen Au and his Ksdaq, Inc. corporation…. Read More

August 8, 2016 @ 8:47 am By JD Alois  |  

Title III of the JOBS Act created a new securities exemption that allowed equity crowdfunding for non-accredited investors. This new exemption, also called Reg CF, may be viewed as another step in the capital ladder to complement Title II of the JOBS Act (accredited crowdfunding)… Read More

August 5, 2016 @ 8:39 am By JD Alois  |  

FINRA is investigating the utilization of Business Development Companies, commonly referred to as BDCs.  While BDCs may trade on an exchange they may also be non-tradeded entities. BDCs have been around for quite some time having been created in 1980. BDCs typically invest in smaller… Read More

May 17, 2016 @ 3:28 pm By Samantha Hurst  |  

On Tuesday, equity crowdfunding platform TruCrowd announced that it has received approval from the FINRA to become a funding portal for Title III offerings. Under the Title III rules, which went into effect on Monday, the general public may now invest in capital raising by start-up… Read More

May 13, 2016 @ 1:05 pm By Samantha Hurst  |  

With Title III of the JOBS Act going into effect this upcoming Monday (May 16th), the Financial Industry Regulatory Authority (FINRA) has issued an alert to investors about the risks under the Reg CF law. Earlier this year, both the SEC and FINRA finalized the rules for funding portals… Read More

May 12, 2016 @ 1:08 pm By Samantha Hurst  |  

With Title III of the JOBS Act finally going into effect on May 16th, StartEngine has announced it has received approval from FINRA and the SEC to operate a Reg CF funding portal. Title III crowdfunding will join the other two variants of investment crowdfunding, Title… Read More

April 17, 2016 @ 10:43 am By JD Alois  |  

The International Organization of Securities Commissions (IOSCO) has included crowdfunding, bitcoin / cryptocurrencies in their March report as part of their long list of investor risks and concerns regarding financial stability. IOSCO is the international body that brings together securities regulators from around the world…. Read More

April 9, 2016 @ 11:35 am By JD Alois  |  

Title III crowdfunding will join the other two variants of investment crowdfunding, Title II and Title IV (Reg A+) this coming May to create a more vibrant capital ladder for companies seeking to raise capital using the internet. While no exemption is perfect, both accredited… Read More

March 25, 2016 @ 9:59 am By JD Alois  |  

Scottsdale Capital Advisors Corp is challenging the Financial Industry Regulatory Authority’s (FINRA) ability to act as a securities regulator in Maryland federal court by stating it does not truly have a Congressional mandate to wield such power. The lawsuit is in response to proceedings pertaining… Read More

February 18, 2016 @ 10:25 pm By Anthony Zeoli  |  

  There has been a lot of chatter and debate lately on how, or even if, the current definition of “accredited investor” should be substantively changed. To date, however, there has only been one affirmative action taken to actually change the definition which I am… Read More

February 1, 2016 @ 10:17 am By Georgia Quinn  |  

Last week both the SEC and FINRA finalized the rules for funding portals to offer securities under Title III of the JOBS Act of 2012.  The journey to get to this place has been long and at times challenging as regulators and industry participants debated… Read More

January 29, 2016 @ 10:54 am By JD Alois  |  

The Securities and Exchange Commission has approved the FINRA crowdfunding portal rules and related forms. These new rules apply to portals that seek to operate under Title III of the JOBS Act and are not affiliated with a Broker – Dealer.  They are effective as… Read More

January 28, 2016 @ 12:40 pm By JD Alois  |  

As expected, the funding portal rules operating under Title III of the JOBS Act have hit the pages of the Federal Register.  Platforms intent on leveraging the new exemption to issue securities of up to $1 million are able to start the process of registering… Read More

January 25, 2016 @ 4:14 pm By JD Alois  |  

The Securities and Exchange Commission submitted a filing last Friday regarding FINRA’s regulatory role pertaining to investment crowdfunding portals operating under Title III of the JOBS Act.  According to the SEC, FINRA just responded (January 21st) to several comment letters and the Commission is now… Read More