Tagged: jobs act

January 8, 2014 @ 11:10 am By Charles Luzar  |  

As they do every year, FINRA has released a letter outlining their priorities for the forthcoming year. Regulatory changes prompted by the passage and implementation of the JOBS Act are featured heavily in the letter as risks that mandate diligence on behalf of FINRA. Issues… Read More

January 8, 2014 @ 9:51 am By Charles Luzar  |  

Today the Wyoming Business Report has a story about The Local Crowd LLC and CEO Diane Wolverton. Wolverton has spent 16 years working in the University of Wyoming’s Small Business Development Center. She is now in the process of seeking federal grant money in order to test… Read More

January 8, 2014 @ 9:38 am By Kendall Almerico  |  

The SEC’s 90-day comment period for the proposed JOBS Act equity crowdfunding rules ends in late January 2014. There is a chance that we could see the first JOBS Act crowdfunding campaigns as early as April, although I am not holding my breath on that… Read More

January 6, 2014 @ 1:59 pm By JD Alois  |  

The Small Business Administration has scheduled a Small Business Roundtable on Crowdfunding. The event will be taking place on Wednesday, January 15, 2014 at the SBA offices in Washington, DC.  As previously reported the two hour meeting will feature prominent Securities Attorney and Crowdfund Insider columnist… Read More

January 3, 2014 @ 10:28 am By David Drake  |  

Under the proposed rules, Title III of the Jumpstart Our Business Startups Act (JOBS Act) will create a new investor class by allowing non-accredited investors to participate in crowdfunding. These rules will lead to a democratized investment landscape profitable to entrepreneurs, inventors, artists, writers, and… Read More

December 31, 2013 @ 5:59 pm By Charles Luzar  |  

Crowdfund Global Expo Features Leading Experts in Debt, Equity and Real Estate Crowdfinance for In-depth Education on the Opportunities and Risks of New Financial Regulations Coastal Shows, the organizer for the Crowdfund Global Expo, taking place at the San Diego Convention Center January 30-31, 2014, has… Read More

December 30, 2013 @ 4:32 pm By Georgia Quinn  |  

By December 18, 2014 the Securities and Exchange Commission (SEC) had proposed or adopted regulations mandated by Titles II, III and IV of the Jumpstart Our Business Startups Act of 2012 (JOBS Act). Those regulations impact crowdfunding in many ways. Issuers will now have a… Read More

December 28, 2013 @ 1:09 pm By Charles Luzar  |  

AARP The Magazine recently ran an article on crowdfunding dealing with the possibilities (and perils) of the evolving means of capital formation. Kickstarter, RocketHub and EarlyShares all get mention in the piece alongside Sherwood Neiss of Crowdfund Capital Advisors. Rockethub’s Alon Hillel-Tuch and EarlyShares’s Heather Schwarz-Lopes… Read More

December 26, 2013 @ 11:43 am By Charles Luzar  |  

Here on Crowdfund Insider Samuel Guzik, Kendall Almerico and Kim Wales all shared similar thoughts regarding the legal costs associated with crowdfunding in the United States under what is to be Section 4(a)(6) of the Securities Act. In the world of equity crowdfunding, the associated legal and… Read More

December 23, 2013 @ 5:00 am By Charles Luzar  |  

In applying a loose definition of the term “crowdfunding,” Rodrigo Nino stands as the undisputed king of the emerging fundraising methodology. He and his team at Prodigy Network crowdfunded a building in Colombia to the tune of over $175 million from investors both in Colombia… Read More

December 20, 2013 @ 12:55 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has issued a staff report to Congress on its disclosure rules for U.S. public companies, as part of agency’s ongoing efforts to modernize and simplify disclosure requirements and reduce compliance costs for emerging growth companies. The report, mandated by… Read More

December 18, 2013 @ 3:20 pm By JD Alois  |  

Below are the actual proposed rule from the SEC which addresses Title IV of the JOBS Act – specifically Regulation A. A Fact Sheet also exists on the proposed regulations. As with other proposed rule changes from the SEC, there will be a commenting period… Read More

December 18, 2013 @ 2:42 pm By JD Alois  |  

SEC Proposes Rules to Increase Access to Capital for Smaller Companies The Securities and Exchange Commission earlier today voted to propose rules intended to increase access to capital for smaller companies.  The proposed rules are part of a mandate from Title IV of the JOBS… Read More

December 18, 2013 @ 1:30 pm By Kim Wales  |  

Compilation vs. Review vs. Audit for offerings of more than $500,000? Efforts to influence the final proposed rule for Financial Disclosure (Section 4A(b)(1)(D)), requires “a description of the financial condition of the issuer,” in which regulators have requested comments from the public for the Final… Read More

December 18, 2013 @ 1:02 pm By JD Alois  |  

The below remarks are from a meeting which was held earlier today (December 18, 2013) at the SEC regarding proposed changes to Regulation A – which were approved today.  SEC Chair Mary Jo White who opened the meeting presented this prepared statement which is posted… Read More

December 18, 2013 @ 12:18 pm By Georgia Quinn  |  

Today the SEC proposed the new affectionately named Regulation A+ as mandated by Title IV of the JOBS Act. The proposal lays out the framework which includes two tiers of offerings exempt from the full blown registration requirements of the 1933 Securities Act. All Regulation… Read More

December 18, 2013 @ 11:56 am By Charles Luzar  |  

Equity crowdfunding platform EarlyShares provided the following infographic outlining some of the facts and estimates behind Title III of the JOBS Act. Title III aims to legalize equity crowdfunding for non-accredited investors. Rules for the new exemption (Seciton 4(a)(6) of the Securuties Act) were proposed… Read More

December 16, 2013 @ 11:51 am By Charles Luzar  |  

The University of Illinois and embedded incubator EnterpriseWorks are hosting a crowdfunding workshop detailing upcoming regulatory changes brought on by the JOBS Act. Entrepreneur in Residence Alan Singleton will be speaking at the event. Owned and operated by the University of Illinois to help launch… Read More

December 11, 2013 @ 12:40 pm By JD Alois  |  

Recorded video is posted below. As previously reported on Crowdfund Insider the Business Law Section and the International Section of  the New York State Bar Association (NYSBA) is hosting a live program and webcast in New York City on December 11, 2013, to review crowdfunding. The… Read More

December 9, 2013 @ 4:50 pm By JD Alois  |  

Gomez Played Key Role in Drafting JOBs Act Rules. The Securities and Exchange Commission (SEC) has announced that effective immediately Sebastian Gomez Abero has been appointed chief of the Office of Small Business Policy, Division of Corporation Finance.  T Mr. Gomez previously was a special… Read More