Tagged: intrastate

February 18, 2016 @ 5:54 pm By JD Alois  |  

California, a state that has an economy larger than most sovereign nations, has attempted several times to pass an intrastate crowdfunding law.  Somehow the legislative gods have shown disfavor on providing online access to capital for SMEs in the Golden State. Perhaps the 3rd time… Read More

November 13, 2015 @ 4:40 pm By JD Alois  |  

New Jersey has become the latest state to sign into law legislation designed to provide access to capital for startups and entrepreneurs similar to the federal JOBS Act of 2012.  This comes less than 2 weeks after final rules were revealed for Title III of… Read More

November 6, 2015 @ 1:31 pm By Anthony Zeoli  |  

  With all the excitement last week surrounding the SEC’s release of the final Title III rules implementing “Regulation Crowdfunding,” the SEC’s vote in favor of proposing amendments to the current Rule 147 to help foster Intrastate Crowdfunding amounted to little more than a side-note…. Read More

November 1, 2015 @ 8:47 pm By JD Alois  |  

Embedded below are proposed amendments by the Securities and Exchange Commission regarding Rule 147 and Rule 504 of Regulation D.  These are federal securities rules that impact the 29 states and District of Columbia that have enacted forms of intrastate crowdfunding. The SEC is accepting… Read More

October 30, 2015 @ 1:43 pm By JD Alois  |  

SEC Commissioner Michael Piwowar cast the lone dissenting vote regarding final rules for Title III equity crowdfunding and proposed updates to Rule 147 which impact intrastate crowdfunding. Piwowar, the lone Republican appointee following the departure of Commissioner Gallagher, expressed his concern that Title III rules… Read More

October 30, 2015 @ 11:13 am By JD Alois  |  

Securities and Exchange Commission Chair Mary Jo White opened up the meeting on Title III crowdfunding and rules impacting intrastate crowdfunding today with an explanatory statement on the agencies rule making process.  The much-anticipated announcement incorporated several changes  which will be well received by the… Read More

October 30, 2015 @ 10:15 am By JD Alois  |  

Published below are the proposed amendments impacting Rule 147 and Rule 504 of Reg D which impacts intrastate crowdfunding. The SEC stated its intent to refine what it means to be an intrastate offering and ease some of the issuer eligibility requirements in the current… Read More

October 9, 2015 @ 9:40 am By JD Alois  |  

The North Carolina  JOBS/PACES Act, an investment crowdfunding bill, has died in committee as NC legislators ignored a bill that garnered the support of the Governor and advocates of the local economy. According to a report in WRAL TechWire; “this represents a huge missed opportunity… Read More

October 6, 2015 @ 4:19 pm By JD Alois  |  

Red Wagon Creamery has raised capital using Oregon’s intrastate investment crowdfunding exemption. The listing on HatchOregon  raised its max goal of $120,000 in equity in the first “Comunity Public Offering”.  Available only to residents of Oregon, local businesses may raise up to $250,000 in total… Read More

June 25, 2015 @ 5:43 pm By JD Alois  |  

Montana will become the next state that has legalized intrastate crowdfunding.  The bill becomes law on July 1st and is designed to ease capital access for entrepreneurs in need of capital in the Big Sky state.   Speaking with the ABC affiliate, Jesse Laslovich, Chief… Read More

June 3, 2015 @ 11:06 am By JD Alois  |  

NextSeed just closed its first funding offer (for a small business) under Texas’ recently enacted investment crowdfunding rules. The offer was small, for a local business, but NextSeed founders believe that smaller issuers are an important part of the future of internet finance. NextSeed states, “we… Read More

May 31, 2015 @ 6:08 pm By JD Alois  |  

According to SFGate over 650 bills hit the Senate Appropriations Committee this past Thursday: “On Thursday the Senate and Assembly weeded through more than 650 bills at an auctioneer-like pace in appropriations committees.” As part of this legislative finesse, the state of California has tossed… Read More

May 22, 2015 @ 6:53 pm By Anthony Zeoli  |  

I am absolutely thrilled to be able to say that, after over a year of lobbying, this week the Illinois Intrastate Crowdfunding Bill (HB 3429) was approved. In fact, in a rare display of true bipartisan action (especially for Illinois), the bill was approved unanimously… Read More

May 7, 2015 @ 12:00 pm By Anthony Zeoli  |  

Normally when I write about updates on intrastate crowdfunding legislation it’s simply to let readers know that one, two, maybe even as many as three states have either enacted or proposed new legislation. Not this time, however, as the first quarter of 2015 has brought… Read More

April 29, 2015 @ 1:34 pm By JD Alois  |  

According to a report from Small Business California, the crowdfunding bill (AB 722) took another step in a positive direction as the bill came up in the Assembly Judiciary Committee and was unanimously approved (7-0). Apparently some changes needed to be incorporated into the existing bill… Read More

April 23, 2015 @ 10:21 pm By JD Alois  |  

The Minnesota bill that will legalize equity crowdfunding in the state has made its way through both the House and Senate. It is now on track to be signed into law by Governor Dayton . The legislative push received the backing of MNVest, a coordinated… Read More

April 8, 2015 @ 1:41 pm By JD Alois  |  

As covered earlier this year, Arizona has moved forward with an intrastate crowdfunding bill that was signed into law last week.  After being voted on in both the house and senate, without a single negative vote or abstention, the bill was quickly signed by Governor Doug… Read More

April 6, 2015 @ 11:03 am By JD Alois  |  

National Public Radio in Minneapolis has just published a brief perspective on equity crowdfunding drawing a comparison to rewards based platforms such as Kickstarter and Indiegogo, with the changing environment where individuals will be able to actually purchase equity in small firms. NPR reporters enlisted… Read More

March 25, 2015 @ 10:42 pm By JD Alois  |  

North Carolina has taken another step towards enacting an intrastate crowdfunding law.  As reported last year, a bill nearly passed but in the end did not have enough support to cross the line.  In February we shared the NC House had introduced a bill.  According… Read More

March 19, 2015 @ 2:20 pm By JD Alois  |  

Florida, a state that hosts the worlds largest crowdfunding festival and wants to develop an innovation economy, failed in legalizing investment crowdfunding last year. While the details of the story as to why the initiative to boost funding for SMEs, improve the regional economy and grow… Read More