For years the state of California has attempted to create an intrastate crowdfunding exemption and a bill that supports access to capital was finally signed into law last month. Assembly Bill 511 (AB 511) was signed into law by Governor Gavin Newsome in early October… Read More
There’s a Fintech revolution happening in Minnesota. Since passing its own version of intrastate crowdfunding legislation in 2015 and quietly opening its doors in 2016 the state has taken the regional lead in raising more money for more businesses under its “MNvest” exemption as well… Read More
The state of Ohio approved crowdfunding legislation last month but then it died in the Senate, according to several sources. During an end of the year legislative blitz, the state of Ohio passed a law entitled “OhioInvests offerings” (SB 268) but at the last minute… Read More
According to a note from Small Business California (SB Cal), the group that advocates on behalf of SMEs, SB Cal will be sponsoring legislation to improve access to capital via securities crowdfunding. This is not the first time that California has attempted to craft crowdfunding legislation… Read More
North Carolina is one of many US states that pushed forward with intrastate crowdfunding rules. In some states, the rules were more rational than the federal Reg CF exemption created by the JOBS Act of 2012. North Carolina is one of those states. According to… Read More
California is a state that has attempted to enact intrastate crowdfunding regulations multiple times. Honestly, I have lost count as to how many times bills have meandered their way through the Sacramento process. Three maybe four times? By now, I am uncertain. So is California… Read More
Minnesota is one of the best organized states when it comes to intrastate crowdfunding activity. There are a growing number of states that have state based securities crowdfunding rules but Minnesota has been fortunate to have MNvest, a non-profit group, as a guiding light for… Read More
Good news for North Carolina. LocalStake NC is a new full stack crowdfunding platform that has just launched in the Tar Heel state. The investment crowdfunding platform will offer securities under Reg D (both 506(b) & 506(c)), Rule 504, Reg CF, and the instrastate rule… Read More
Millions of Americans rely on domestic discretionary spending appropriated by the U.S. Federal Government, including everything from affordable housing and education to the arts. Agencies such as the Department of Housing and Urban Development provide programs and services that impact neighborhoods and communities across… Read More
While Regulation (Title III) Crowdfunding continues to get all of the attention, the overwhelming majority of states currently have some form of “intrastate” retail crowdfunding laws already in effect; many of which offer significantly more favorable terms to issuers and investors than the federal rules…. Read More
The regulatory environment continues to evolve for investment crowdfunding. While many people may have heard of the various federal exemptions that allow non-public companies to sell securities online (Reg D 506c, Reg A+ and Reg CF) most people are probably unaware of the fact that… Read More
MNVest has tweeted out an interesting graphic that tracks sector progress for investment crowdfunding in the state of Minnesota. For those not in the know, MNVest is the advocacy group, as well as the name of the law, that helped to make Minnesota’s state crowdfunding… Read More
Michigan enacted an intrastate investment crowdfunding exemption back in 2013 with broad bipartisan support. But legislators are looking to expand the reach of the current rule by updating the law. According to the Michigan House Republicans, State Representative Bronna Kahle’s new legislation (HB 4305) will broaden… Read More
NextSeed CEO Youngro Lee shares what is working & what is not under Reg CF. NextSeed was the very first, crowdfunding portal to receive FINRA approval. But the investment crowdfunding platform was honing its skills and processes under the Texas intrastate crowdfunding exemption before Reg… Read More
The California intrastate crowdfunding bill (AB 1517) took another step in the direction of becoming an actual law yesterday. On Tuesday, April 25th, the bill was green-lighted by the Assembly Banking and Finance Committee. Next up is the Assembly Appropriations Committee. A hearing on the AB… Read More
On April 20, 2017, amendments to Rule 147 and new Rule 147A, federal intrastate offering exemptions, finally went into effect. The amendments to Rule 147 and new Rule 147A are intended to modernize and update the exemption that allows companies to raise money from investors who… Read More
California is perhaps the most natural state to enact an instrastate law to facilitate investment crowdfunding. Yet multiple attempts at crafting bespoke legislation to allow crowdfunding have failed multiple times. Honestly, I have lost count of the number of bills hoisted up the lawmaking flagpole… Read More
The North Carolina Providing Access to Capital for Entrepreneurs and Small business Act (NC PACES Act) was signed into law in July 2016. Final rules were adopted on March 31, 2017 and were filed with the NC Codifier of Rules on the same day. Subsequently, the rules… Read More
Utah, like a majority of the other states, is attempting to enact an instrastate crowdfunding exemption. The bill has been meandering between the House and the Senate since the beginning of the year. Co-sponsored by Representative Brian M. Greene and Senator Wayne A. Harper, the bill… Read More
SEC Acting Chair Michael Piwowar released a statement at the signing of the agreement between the Securities and Exchange Commission and the North American Securities Administrators Association (NASAA) today. NASAA is the association that represents and lobbies on behalf of state and provincial securities regulators…. Read More
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