Tagged: finra

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

May 28, 2013 @ 4:05 pm By Businessweek  |  

These days, you’re unlikely to encounter a story about equity-based crowdfunding that doesn’t come with some form of the following disclaimer: More than a year after President Obama signed the JOBS Act into law, the Securities and Exchange Commission has yet to formalize rules that… Read More

April 25, 2013 @ 6:27 pm By JD Alois  |  

BancBox, a leading payment services provider, announces today the public launch of BancBox Crowd, the first independent escrow service for equity, debt and revenue share crowdfunding portals. Additionally, the company is announcing partnerships with leading crowdfund investing services 99Funding, SoMoLend, and Localstake. “The services provided by… Read More

February 19, 2013 @ 11:25 am By Charles Luzar  |  

After today’s press conference at the National Press Club one thing is clear. Crowdfunding industry stakeholders want movement toward implementation of the JOBS Act and they want it soon. SoMoLend CEO Candace Klein spoke to a concern that tumult in the SEC’s leadership could delay… 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

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 11, 2013 @ 10:32 am By Howard Orloff, IPO Village  |  

After reflecting on the event at Crowdfund Texas, I have come to the firm belief that the upcoming IPO(s) from IPO Village will encourage movement on the rules that will ultimately  govern equity crowdfunding. Equity Crowdfunding will bring about a new asset class that will… Read More

January 11, 2013 @ 1:23 am By Charles Luzar  |  

This article is part one in a series on entrepreneurship and access to capital with a focus on the state of Texas. I recently talked to Richard Seline, Principal of Global NextGen Advisors, who just spoke at the Crowdfund Texas conference. He also offers support… 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

December 14, 2012 @ 11:02 pm By JD Alois  |  

  As posted on the FINRA web site on December 7th following the scheduled meeting of the FINRA Board of Governors, Richard Ketchum issued a summary of the rule proposals as approved by the board.  One of the proposals specifically addressed crowdfunding. Included amongst several other… Read More

December 14, 2012 @ 10:50 pm By St. Louis Business Journal  |  

Last week I pointed out that despite all of the hype around crowd funding for startups, it’s still illegal to crowdfund in exchange for equity. Well, it still is, but there has been a small development in the saga of the JOBS Act since then. In a… Read More

December 14, 2012 @ 9:07 pm By JD Alois  |  

Consumers Lose Millions to Scammers and Ponzi Schemes; New Effort Combines Education, Local Outreach WASHINGTON — Better Business Bureau and the FINRA Investor Education Foundation today launched a new consumer website, BBB Smart Investing, which is designed to help investors make smarter investing decisions while avoiding… Read More

December 5, 2012 @ 3:37 pm By Charles Luzar  |  

Washington, D.C., Dec. 5, 2012 — The Securities and Exchange Commission today announced that Robert W. Cook, Director of the SEC’s Division of Trading and Markets, plans to leave the agency. Since joining the SEC in January 2010, Mr. Cook has led the Division’s broad regulatory… Read More

December 4, 2012 @ 1:33 pm By Charles Luzar  |  

ConfidentCrowd Launches Accredited Investor Access for Broker-Dealer Members In Accordance with Title II of JOBS Act PHOENIX–(BUSINESS WIRE)– Dinan & Company today announced that its unique crowdfunding platform ConfidentCrowd will offer small and mid-sized businesses the opportunity to participate in much larger equity-based financings than available under… Read More

November 29, 2012 @ 3:57 pm By JD Alois  |  

This items was posted in an article on AdvisorOne which reviewed the amendments and proposals FINRA is scheduled to review during their upcoming December meeting; Other items on FINRA’s list includes a proposal to seek “essential information” from crowdfunding portals that want to apply for… Read More

November 20, 2012 @ 4:50 pm By Charles Luzar  |  

The 2012 Forum on Small Business Capital Formation is in the books. Industry leaders met with representatives from the SEC in an effort to build consensus on regulatory recommendations for crowdfunding’s implementation in the US. Although the movement has come a long way, there is… Read More

November 18, 2012 @ 9:03 pm By Washington Post  |  

Ever since President Obama signed the Jumpstart Our Business Startups Act in April, entrepreneurs and investors have been buzzing about the promise of new paths to start-up capital. But the clock is ticking for the regulators charged with implementing the law, and with little more… Read More