Tagged: fix crowdfunding act

The JOBS Act Turns Five, Regulation A+ Turns Two, Regulation Crowdfunding Turns One: What Should Be Next on the SEC Chair Jay Clayton’s Agenda

With the Jumpstart Our Business Startups (JOBS) Act having just reached its five year milestone, Regulation Crowdfunding hitting its one year milestone, and the two year anniversary of Regulation A(+) fast approaching, I thought this would be a good time to (briefly) reflect on the… Read More

The Fix Crowdfunding Portion of the Financial Choice Act is Not Much of a Fix

The Financial Choice Act is a valiant effort to address the profound shortcomings of the Dodd-Frank law. Dodd-Frank has been lambasted as regulatory overreach driven by politicians that really don’t quite understand what they are doing. At worst, Dodd-Frank has institutionalized too big to fail…. Read More

SeedInvest CEO Ryan Feit: Issuers Using Reg CF will Raise Over $100 Million in 2017

  SeedInvest is one of the most prominent investment crowdfunding platforms in the US. A full stack funding platform, SeedInvest lists opportunities from issuers under Reg D (both 506c & 506b), Reg A+, and Reg CF.  The platform boasts a solid community of over 140,000… Read More

2017 Holds Promise for Tax & Financing Policy for Startups

2016 brought with it many positive developments for startups in terms of capital access and tax policy. Investment crowdfunding finally went live, a number of bills to facilitate capital formation passed the House, and the startup community galvanized around a tax bill that would make… Read More

My 2017 Crowdfunding Wish List

2016 brought with it many developments in the crowdfunding industry, most notably the introduction of the long-awaited Title III crowdfunding. While admittedly not all crowdfunding legislation passed  was as influential, there have been significant strides made to improve existing securities regulations and to continue prying… Read More

Congressman McHenry Applauds Passage of Bill That Includes Crowdfunding Fix, Small Business Advocate & Accredited Investor Update

Chief Deputy Whip, Patrick McHenry, who is also Vice Chairman of the House Financial Services Committee, welcomed the passage of HR 6427 today or the Creating Financial Prosperity for Businesses & Investors Act.  The last minute legislative push by the House saw a bundling of six… Read More

Creating Financial Prosperity for Business & Investment Act Quickly Passes House and Moves to Senate

Entrepreneurs and small business may have something for them under the Christmas tree this year courtesy of Congress.  The House of Representatives passed HR 6427 today as legislators scrambled to get a few things done before they disperse for the coming Holiday.  While there is… Read More

Unstacking the Deck Against SME’s in Washington: A Call for an SEC Small Business Advocate

With a new administration set to take the reins of power in the White House in January 2017, not to mention a new, Republican appointed Chair of the SEC in the offing, when it comes to the interests of small business’s access to capital, many… Read More

Paul Atkins on Trump’s Transition Team for Financial Appointments is a Very Good Sign for Fintech

It has been widely reported that Paul Atkins, a former SEC Commissioner and current CEO of Patomak Partners, is the point person in Donald Trump’s transition team for financial regulatory appointments. This is an encouraging sign. Atkins, a Vanderbilt Law School Grad, was an SEC… Read More

One Way Donald Trump Can Actually Double GDP Growth

How Donald Trump Can Leverage Crowdfunding Under Reg CF to Double GDP Growth President-elect Trump made it a hallmark of his campaign to double GDP growth. According to Karen Kerrigan, President of the Small Business and Entrepreneurship Council; “His agenda of lowering taxes, simplifying the… Read More

On Investment Crowdfunding, Diversification & the Wisdom of the Crowd

Still Time to Fix the Fix Crowdfunding Act One of the cardinal rules of investing is  diversification – a critical ingredient for long-term portfolio growth.  This rule applies with equal, if not greater, force when investing in “Title III Regulation CF Crowdfunding” securities – open… Read More

How to Fix the Fix Crowdfunding Act

Let me begin by saying god bless Congressman Patrick McHenry. He is out there on the front lines actually trying to make a difference and help entrepreneurs and small businesses get off the ground and succeed. Of course, no good deed goes unpunished, and a… Read More

When You Use a Bomb to Swat a Fly: A Response to the Proposal of Banning SAFEs in Crowdfunding

This article is a response to the draft paper referenced in the article entitled “Crowdfunding and the Not-So-Safe SAFE” authored by Joseph M. Green and John F. Coyle. There are many so words to describe my thoughts about the paper: patronizing, impractical, misguided—but mostly, unfortunate. One… Read More

Why “Special Purpose Entities” Are So Special 

As securities attorneys, we’ve been getting a fair amount of questions lately on special purposes entities (SPEs), also known as special purpose vehicles (SPVs). What are they? What do they do? Should I choose an SPE over an LLC? (That last one is my favorite)…. Read More

SeedInvest Publishes Open Letter Requesting Feedback on “Crowd Note” in Push to Manage Reg CF Hurdles

Title III or Reg CF crowdfunding holds great potential to provide access to capital for smaller companies but also includes multiple shortcomings. The woefully small funding cap and the hobbled rules stapled on by regulators have created a securities exemption that is ok but could… Read More

Syndication is the What, Crowdfunding is the How

Syndication and crowdfunding are terms that have been used interchangeably within the last decade, and their concepts and meaning have become increasingly blurred. However, whereas syndication focuses on funding relationships and structure between the funder and funded, crowdfunding is a method of finding investors (or… Read More

The Fix Crowdfunding Act. What it Fixes & What it Does Not

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 Fix Crowdfunding Act Passes House & Heads to the Senate

The Fix Crowdfunding Act (HR 4855) easily cruised through the House by a vote of 394 – 4 as it attracted broad bipartisan support.  It was joined by the Supporting America’s Innovators Act (HR 4854) which passed on a vote of 389-9. HR 4854 raised… Read More

The Fix Crowdfunding Act Expected to Move to House Floor Vote on Tuesday

The Fix Crowdfunding Act (HR 4855), a bill that sailed through the House Financial Services with broad bi-partisan support, is expected to hit the House floor for a vote this coming Tuesday.  A source told Crowdfund Insider that originally it was on the back-burner for… Read More

CFIRA Voices Support for the Fix Crowdfunding Act

The Fix Crowdfunding Act (HR 4855) passed the House Financial Services Committee earlier this month with solid bipartisan support. The bill was laser focused on addressing intrinsic shortcomings in Title III of the JOBS Act. While the bill was approved the final text saw several… Read More