Tagged: jobs act

March 11, 2014 @ 10:59 am By JD Alois  |  

SeyfarthLean Consulting, a sister company associated with Chicago based global law firm Seyfarth Shaw, is entering a new business.  Recognizing the dynamic changes the future holds with the advent of the JOBS Act and crowdfunding, the firm saw opportunity in a new emerging type of securities… Read More

March 10, 2014 @ 11:27 am By Samuel S. Guzik, The Crowdfunding Counselor  |  

Title III of the JOBS Act created an exemption from registration for the offer and sale of so-called “crowdfunded” securities under the Securities Act of 1933, allowing the offer and sale of securities to an unlimited number of unaccredited investors without registration with the SEC,… Read More

March 7, 2014 @ 3:49 pm By JD Alois  |  

Interview with iCrowd Co-Founder and CEO Brad McGee. iCrowd, an equity crowdfunding platform, wants to create a platform that provides “capitalism for the rest of us”.  The portal is preparing for the advent of Title III of the JOBS Act to kick in – otherwise known as… Read More

March 5, 2014 @ 1:34 pm By JD Alois  |  

Join us for this timely and informative webinar as key sponsor of the JOBS Act, Congressman Patrick McHenry as well as industry influencers, David Feldman and Sam Guzik, illustrate how Reg A can play a critical role in facilitating capital formation. Key discussion points will… Read More

March 5, 2014 @ 10:38 am By Kendall Almerico  |  

A recently Marist-McClatchy poll found that eight out of 10 Americans no longer believe they can achieve the American Dream. Almost the same percentage of those polled said that things will not get better for future generations. The level of pessimism regarding the present economy… Read More

March 4, 2014 @ 9:48 pm By JD Alois  |  

In a comment letter posted to the Securities and Exchange Commission (SEC) web site addressing proposed rule amendments for Regulation A under Title IV of the JOBS Act, Andreessen Horowitz and Cowen and Company clarified their position and support for the proposed changes. Andreessen Horowitz,… Read More

March 3, 2014 @ 7:20 am By Samuel S. Guzik, The Crowdfunding Counselor  |  

On February 19, 2014, in a missive to the SEC, signed by 18 state securities administrators,  under the letterhead of the North American Securities Administrators Association (“NASAA”), the message was clear: “[we] write to voice our objection to the Commission’s attempt to preempt state authority… Read More

February 28, 2014 @ 9:27 am By Charles Luzar  |  

Crowdnetic has announced the official launch of CrowdWatch, a deal aggregator for offerings made possible by the JOBS Act. Pricing for the service is set at $129 per month with a 14-day free trial available. Crowdnetic has also announced partnerships with EarlyShares and EquityNet. Deals… Read More

February 27, 2014 @ 4:55 pm By Kiran Lingam  |  

There has been a lot of uproar about new rules requiring additional steps to verify accredited investor status (i.e. checking tax returns) as a condition to using the new 506(c) rules permitting general solicitation. The real problem here is that the definition of accredited investor is out of… Read More

February 27, 2014 @ 7:01 am By Kim Wales  |  

Now that we have seen what real turbulence is with the financial crisis of 2008, fear and panic are drivers of economic behavior. Strengthening the financial markets for America’s small businesses and closing the wealth gap amongst the crowd is a must. Now is not… Read More

February 24, 2014 @ 7:00 am By Samuel S. Guzik, The Crowdfunding Counselor  |  

Crowdfunding May Require JOBS Act 2.0. It started out as a noble idea. If only crowdfunding could go to the next level – from a paradigm where a multitude of individuals could join together – courtesy of the Internet – and fund a worthwhile social… Read More

February 23, 2014 @ 8:30 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA) has posted a comment letter regarding proposed rule amendments regarding Regulation A+ on the Securities and Exchange Commission’s web site.  The NASAA is self described as an investor protection association with their members consisting of securities administrators from… Read More

February 18, 2014 @ 11:46 am By Charles Luzar  |  

angelMD shared this video with us featuring Counselor@Law blogger Bill Carleton. In the clip, Carleton explains Rule 506(c) and general solicitation. It’s a good overview of changes brought on by Title II of the JOBS Act. In particular, Carleton does a great job of laying… Read More

February 17, 2014 @ 11:18 am By Charles Luzar  |  

If we were tallying states up today, Kansas, Georgia, Michigan and Wisconsin have made equity crowdfunding legal and are in some stage of implementation. Alabama, Washington, Maine and North Carolina are all considering exemptions. Of course, that may change tomorrow. Amidst all the hoopla about a… Read More

February 14, 2014 @ 10:44 am By Charles Luzar  |  

Washington State has been on the march toward an intrastate crowdfunding exemption, and yesterday the effort took one more step toward becoming reality. House Bill 2023 was approved with an 89-9 vote. The nine nay votes all came via House Republicans. The bill itself was… Read More

February 12, 2014 @ 10:05 am By Charles Luzar  |  

It’s one of the top 1,000 web sites in the world. It’s been used to fund small, personal pet projects and it’s been used to spur enormous companies. It creates jobs. It’s a platform, an idea, and now even a verb. Do you start a… Read More

February 11, 2014 @ 9:17 am By Georgia Quinn  |  

While the commenting period officially ended this past week, letters with recommendations on Title III crowdfunding or Regulation CF continue to be posted on the SEC web site.  The letter from global law firm Seyfarth Shaw was posted yesterday   The approach is simple, limit it… Read More

February 9, 2014 @ 6:47 am By JD Alois  |  

Securities and Exchange Commission (SEC) Chair Mary Jo White testified before the Senate Banking, Housing & Urban Affairs Committee this past week.  In her prepared comments, entitled “Oversight of Financial Stability and Data Security“, she addressed a litany of challenges and initiatives presently being addressed… Read More

February 8, 2014 @ 12:29 pm By Charles Luzar  |  

There are a lot of people with high hopes for the equity crowdfunding industry in the United States, including the legislators that saw the JOBS Act through. However, it seems there is also increasing concern that the entire exemption could fall flat without some serious… Read More

February 7, 2014 @ 10:24 am By David R. Burton  |  

The Securities and Exchange Commission (SEC) is considering substantial increases in the Regulation D thresholds for “accredited investor” income and net worth, which would reduce the pool of potential investors in small businesses and start-up companies by 60 percent to 70 percent. This will impede… Read More