Tagged: general solicitation

Preparing for (Regulation) D-Day

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

SEC Releases Agenda for Advisory Committee on Small and Emerging Companies

Agenda Includes Important Issues Regarding Jobs Act Implementation. The Securities and Exchange Commission has released the agenda for their meeting of the Advisory Committee on Small and Emerging Companies to be held on Tuesday, September 17, 2013. The discussion is expected to include the final… Read More

RockThePost Takes SEC to Task on Proposed Rules for General Solicitation

In a letter posted in the comments section of the Securities and Exchange Commission’s (SEC) web site, requesting feedback regarding forthcoming regulations addressing the change in rules impacting “General Solicitation” (Advertising), crowdfunding platform RockThePost takes the SEC to task for excessive regulatory zeal.  The missive… Read More

As SEC Comment Period Ends, Concerns Linger About Overregulation, General Solicitation

Earlier this year the SEC announced they had finally decided to relax the ban on “General Solicitation” or advertising for certain private placement offerings for accredited investors.  In recognition of a changing environment, albeit in a delayed fashion, the regulators have been forced to adjust… Read More

WATCH: General Assembly Hosts Panel On General Solicitation For Entrepreneurs

SeedInvest general counsel Kiran Lingam and Cooley, LLP partner Jim Fulton recently took part in a panel hosted by General Assembly. The goal was to wrap some perspective around the changes coming with Title II of the JOBS Act and general solicitation for offerings under… Read More

Front Page PR Launches Marketing Product Geared Toward General Solicitation

Front Page PR has announced the launch of a new “turnkey general solicitation marketing program” aimed at helping crowdfunding portals, broker-dealers and issuers market 506(c) offerings. Robert Hoskins, Front Page PR’s Director of Media Relations, is hopeful that general solicitation will help increase accredited investor… Read More

What Does General Solicitation Have To Do With A Jiffy Lube Employee Defrauding A Massachusetts Woman?

Massachusetts Secretary of State William Galvin has taken a public stance on general solicitation, citing it as a risk to potential investors. This is at least in part the reason behind his launching a task force aimed at policing crowdfunding platforms, offerings and their issuers…. Read More

Associates Of Candace Klein Speak Out On SoMoLend, Fraud Allegations In Ohio

Allegations by the Ohio Division of Securities reverberate through the entrepreneurial class & the crowdfunding industry Candace Klein has been an extremely visible figure in the world of crowdfunding. Beyond her role as CEO of lending-based platform SoMoLend, she is also the former chair and… Read More

SoMoLend In Hot Water: Allegations Of Securities Fraud From Ohio State Regulators [UPDATE]

UPDATE: The city of Cincinnati is suspending its relationship with SoMoLend pending resolution to the case described below. SoMoLend previously had a partnership with the City in order to facilitate loans for local businesses. Cincinnati.com is reporting that Ohio’s Division of Securities is investigating SoMoLend for… Read More

Advertising Private Placements Still An Evolving Process

SEC Formally Allows General Solicitation, or Advertising, for Certain Equity Offerings But Process to Accommodate is Still a Moving Target In the wake of Title II hitting the federal register, those active in the world of private placement securities are busy digesting the net effect… Read More

Daniel Gorfine: Crowdfunding Is Missing The Crowd

Daniel Gorfine is the Director of Financial Markets Policy at the Milken Institute. He has long been a balanced, pragmatic voice in the crowdfunding conversation, which is why his recent piece in Washington Monthly should be cause for concern. It’s important to note that the… Read More

Ban on General Solicitation for Private Placements to be Lifted on September 23rd.

Earlier this month the SEC formally adopted rules which removed the ban on advertising – or general solicitation – on private placements.  With the publishing of the final rules in the Federal Register the regulations take effect 60 days from the date of publishing, being… Read More

ClickStartMe CEO Says SEC Ruling on Crowdfunding a Mixed Bag

Kendall Almerico, CEO of crowdfunding site ClickStartMe, recently commented on the JOBS Act ruling issued by the SEC that allows general solicitation of accredited investors under certain circumstances. “While the SEC’s new JOBS Act regulations do not address the crowdfunding portion of the JOBS Act… Read More

Crowdfunding Platform I-Bankers Direct Comments on General Solicitation, Looks to the Future of Equity Crowdfunding

I-Bankers Direct is a new equity crowdfunding platform from a company that has been around for quite some time.  I-Bankers Securities started as a boutique investment banking firm in 1996 that has managed more than $6 Billion in transactions that went to small growth companies…. Read More

INFOGRAPHIC: Crowdentials On Certifying Accredited Status For Crowdfunding Portals

Crowdentials CEO Richard Rodman shared the following infographic with Crowdfund Insider today outlining how his company plans to provide accredited investor certification service to the crowdfunding industry. The burden for certifying accredited status has increased with the introduction of 506(c) offerings. Click the infographic for… Read More

Crowdfunding Professional Association Lauds SEC Approval of General Solicitation

The Crowdfunding Professional Assocation or CfPA has issued a release sharing their appreciation of the recent progress made regarding the Jobs Act.  Equity-based crowdfunding came one step closer to reality this past Wednesday as the SEC  voted to lift the ban on general solicitation of private placements… Read More

INFOGRAPHIC: An Explanation Of General Solicitation From Fundable

Fundable has released the following infographic explaining the high-level details of the removal of the ban on general solicitation for select private placement offerings. Fundable is a Columbus, Ohio based crowdfunding platform. NOTE: Brian Knight of CrowdCheck points out that the requirement to file Form… Read More

CrowdCheck Releases Memo Outlining General Solicitation, Rule 506(c)

CrowdCheck recently released this extremely comprehensive PDF outlining the changes brought on by the adoption of Title II of the JOBS Act. Title II created a new rule under Regulation D allowing general solicitation advertising for certain private placement offerings. For more, check out our… Read More

Second Market Founder Barry Silbert Comments on General Solicitation (Video)

In a Delivering Alpha segment on CNBC this morning, Second Market CEO Barry Silbert commented on the SEC’s revocation of the ban on General Solicitation, or advertising, for certain equity offerings.  Silbert notes that $1 Trillion a year is raised via private offerings and this… Read More

Breaking Down General Solicitation For Private Placements In The US

Mark your calendar. July 10th was a big day in the fight for increased access to capital in the United States, as well as the overarching timeline of the fledgeling crowdfunding industry. Title II of the JOBS Act mandated a lifting of the ban on… Read More

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