Tagged: general solicitation

October 18, 2013 @ 4:09 pm By Charles Luzar  |  

SEC Chair Mary Jo White addressed a crowd at today’s Managed Funds Association Outlook 2013 Conference in New York City. She spoke at length about the JOBS Act and specifically about Rule 506(c) and general solicitation. It may come as a bit of lip service for… Read More

October 16, 2013 @ 7:25 pm By Charles Luzar  |  

Offer Ongoing As Minimum is Reached. Georgia-based SparkMarket has announced the success of the first crowdfunding campaign on their equity platform. Bohemian Guitars has hit their goal of crowdfunding $100,000, raising money to grow their budding guitar-making business. SparkMarket is calling it a first in… Read More

October 15, 2013 @ 12:28 pm By JD Alois  |  

Recently on CNBC, Venture Capitalist John Frankel commented on how the Jobs  Act allowed General Solicitation, or advertising, for accredited investors.  Frankel did not go into detail as to how his firm would determine if applicants were accredited but acknowledged they would incorporate a process… Read More

October 9, 2013 @ 9:50 pm By Charles Luzar  |  

In the wake of legalized general solicitation under Rule 506(c), some media outlets, individuals and pundits have shared information that is not accurate. See this infographic as an example, which appeared on Forbes. That isn’t to pick on Forbes or the creators of that infographic…. Read More

September 30, 2013 @ 9:21 am By JD Alois  |  

White label crowdfunding platform InvestedIn has announced a new platform targeting investment crowdfunding industry.  InvestedIn Alpha will launch an investment platform for introducing alternative investment firms to more than 70,000 accredited investors. A conduit for proven hedge funds and fund-of-funds managers and firms, InvestedIn Alpha connects investors,… Read More

September 30, 2013 @ 6:30 am By Samuel Guzik  |  

September 23, 2013 kicked off an historic period in federal securities laws.  For the first time in 80 years companies would be allowed to publicly solicit investors in unregistered private placements so long as all of the investors were accredited.  The SEC did so under… Read More

September 27, 2013 @ 7:00 am By Samuel Guzik  |  

Still Time to Comment on SEC’s Proposed Regulation D General Solicitation Rules? On July 10, 2013, the SEC issued its final rules allowing general solicitation and advertising in unregistered private placements, provided all of the investors were accredited, effective September 23, 2013.  However, on the… Read More

September 25, 2013 @ 9:12 am By Charles Luzar  |  

Poliwogg is a crowdfunding platform for accredited investors specializing in emerging growth healthcare and life sciences companies. The platform has been on hold pending the lifting of the ban on general solicitation. As of September 23rd, the platform has announced that it has launched its online… Read More

September 25, 2013 @ 9:00 am By Charles Luzar  |  

The SEC wants to examine how issuers are making use of general solicitation, and in order to do so they’re going to need some help. The SEC’s web site now includes a form that allows digital submission of written materials used for the purpose of… Read More

September 24, 2013 @ 9:33 am By Charles Luzar  |  

Yesterday general solicitation became legal for issuers opting to make use of the newly-minted Rule 506(c) of Regulation D. The option was added to Form D yesterday, which is available on the SEC’s web site. Some news outlets reported that Form D had to be filed… Read More

September 24, 2013 @ 5:08 am By JD Alois  |  

The study measuring the impact of Title II of the JOBS Act, conducted for Marketing 506c, indicated that 24,000 new jobs may be created annually in Arizona. The JOBS Act makes it easier for businesses to raise capital for startups or business expansion. Furthermore the… Read More

September 23, 2013 @ 9:57 pm By JD Alois  |  

Earlier today we shared with you an excellent description of the changes in General Solicitation coming from Kiran Lingam at SeedInvest.  The document focused on demo days and was a good read.  Kiran has returned to produce a document for those of us with limited… Read More

September 23, 2013 @ 11:26 am By Charles Luzar  |  

With the lifting of the ban on general solicitation, today marks the beginning of a grand experiment in capital formation in the United States. It is also a boon to a crowdfunding industry that has largely been on autopilot while the implementation timeline of the… Read More

September 23, 2013 @ 10:53 am By JD Alois  |  

Coinciding with the relaxation in general solicitation, or advertising  for certain private placements, equity crowdfunding platform SeedInvest has released a White Paper on the regulator change addressing the new playing field.  The document is titled “Living with the New Reg D and its impact on Demo… Read More

September 23, 2013 @ 8:07 am By JD Alois  |  

PeoplesVC has launched a general solicitation offering to raise capital for itself under new regulations that went into effect at 12:00 am this morning.  The PeoplesVC offering seeks to raise up to $4,750,000 through the sale of PeoplesVC’s Series A Preferred Stock.  The offering is only open to accredited… Read More

September 22, 2013 @ 11:37 am By JD Alois  |  

RockThePost believes that openly fundraising can significantly help startups gain access to capital in an economic environment in which investors are looking for higher return investments.  They also believe it is their responsibility, as an equity crowdfunding platform to educate their startups on the requirements… Read More

September 21, 2013 @ 1:24 pm By JD Alois  |  

In a message to AngelList members, the accredited investor platform announced that “Public Fundraising” starts on Monday, September 23, 2013.  This date coincides with the SEC designated date when the ban on “General Solicitation” or advertising has been lifted on certain private placement offerings. Companies… Read More

September 19, 2013 @ 2:45 pm By Charles Luzar  |  

Ahead of the official lifting of the ban on general solicitation slated for September 23rd, angel investors are becoming more vocal in their opposition to choice parameters of the new rule. A recent petition launched on ipetition.com targets three specific aspects of the rule that… Read More

September 19, 2013 @ 10:18 am By Charles Luzar  |  

Yesterday the SEC held a meeting of top advisors and staff to discuss the latest rulemakings and initiatives from within the Commission. The Angel Capital Association was invited to speak on a new rule to go into effect on September 23rd that lifts the ban… Read More

September 17, 2013 @ 8:04 am By Samuel Guzik  |  

September 23, 2013, represents an historic milestone for the U.S. securities industry. For the first time since the enactment of federal legislation in 1933, companies will be allowed to publicly solicit investors and advertise the sale of securities without registering the offering with either the… Read More