Tagged: jobs act

May 1, 2013 @ 5:24 pm By JD Alois  |  

The SEC held another scheduled meeting, which was open to the public, regarding small and emerging companies including the Jobs Act and elements of crowdfunding. The presenters included Robert Greifeld, Chief Executive Officer of NASDAQ OMX Group, William R. Hambrecht, Chairman and Chief Executive Officer of… Read More

April 30, 2013 @ 10:08 pm By JD Alois  |  

Steve Case, Jobs Act / Crowdfunding supporter, is participating in the Milken Institute Global conference, talks about the importance of entrepreneurship. He also mentions immigration reform which is a current topic in congress.

April 30, 2013 @ 6:10 pm By JD Alois  |  

Congressman David Schweikert (R-AZ), Chairman of the Small Business Subcommittee on Investigations, Oversight, and Regulations, spoke at last week’s Angel Capital Association (ACA) Summit in San Francisco on key issues for the early stage investing community. The 2013 ACA Summit was the largest ever worldwide… Read More

April 29, 2013 @ 5:09 pm By VentureBeat  |  

Crowdfunding has once again become a hot topic in the financial world, given the recent one-year anniversary of the JOBS Act on April 5. The JOBS Act legalized equity- and debt-based crowdfunding in the U.S. However the SEC has missed congressionally mandated deadlines to complete… Read More

April 27, 2013 @ 10:07 am By JD Alois  |  

According to a post on Invest Georgia, equity crowdfunding is already legal in the state of Georgia via the Invest Georgia Exemption which was enacted in December 2011. As stated on the post; Georgia-based, private companies can sell equity (shares of stock or debt) to Georgia based… Read More

April 26, 2013 @ 8:54 pm By BusinessWeeek  |  

The SEC announced a lawsuit on Thursday against a business in Spokane Valley, Wash., accused of defrauding 21 investors of about $400,000. The agency’s news release leads with charges that the company fooled investors “with claims to raise billions of investment capital under the Jumpstart… Read More

April 26, 2013 @ 7:28 am By ThinkProgress  |  

After the success of Rob Thomas’ efforts to crowdfund a Veronica Mars movie through Kickstarter, it was inevitable that some other auteur with a significant fanbase would follow his lead. That person is now Zach Braff, who as of this writing has raised about $954,000… Read More

April 26, 2013 @ 7:23 am By Business2Community  |  

In its purest form, crowdfunding creates options for companies and organizations looking for ways to raise capital — a significant variable in an economy with close to 8 percent unemployment and slow GDP growth. According to the Mass Solution Crowdfunding Industry Report, these campaigns raised $2.7… Read More

April 25, 2013 @ 3:44 pm By Charles Luzar  |  

Alleged promises of huge returns plus access to boats, private jets and more…

April 24, 2013 @ 5:55 pm By Washington Post  |  

Small businesses looking for a windfall of investor money from crowdfunding may find that it’s more of a bust. President Barack Obama and members of Congress have touted a law that makes crowdfunding, a method of soliciting money over the Internet, as a way for… Read More

April 24, 2013 @ 5:30 pm By CFO.com  |  

The one-year anniversary of the Jumpstart Our Business Startups (JOBS) Act just passed, but the Securities and Exchange Commission has yet to write rules governing equity-based crowdfunding. In the meantime, some venture capital (VC) firms worry that crowdfunding, a means of collective financing by selling equity in a company,… Read More

April 24, 2013 @ 5:18 pm By CrowdCheck  |  

The New Year has come and gone and we are done with the first quarter of 2013, and yet we are still without SEC rules to implement crowdfunding as authorized by the JOBS Act.  While some commenters on the SEC JOBS Act comment section have… Read More

April 24, 2013 @ 5:10 pm By Huffington Post  |  

Crowdfunding thought leader Rose Spinelli and Richard Branson Award Winner Shayan Nahrvar, CEO of Raise5.com, were ready to talk about funding in the new capitalism at the Conscious Business Network last week, formal presentations in hand. Powerpoints were quickly abandoned as they chose instead to offer basic introductions and then quickly… Read More

April 23, 2013 @ 2:30 pm By Mondaq  |  

It’s about one year since President Obama signed the Jumpstart Our Business Startups Act (the JOBS Act), designed to help new companies raise capital and go public. For individual investors the most troublesome provisions of the law relate to crowdfunding–a term not defined in the… Read More

April 20, 2013 @ 3:00 pm By Mondaq  |  

On March 26, 2013, the SEC’s Division of Trading and Markets issued a no-action letter indicating that it would not recommend enforcement action under Section 15(a)(1) of the Exchange Act if a venture capital fund adviser and its management company (collectively, the “fund”) operated a… Read More

April 18, 2013 @ 7:54 am By Charles Luzar  |  

I look forward to talking tomorrow. I have 2 worries – one is that if these guys (CFA, et al) feel this strongly, it seems like we should give them a comment period. Its not really asking for much… The other is that I don’t want… Read More

April 17, 2013 @ 5:19 pm By Forbes  |  

The SEC has not yet released crowdfunding rules for public comment, but many folks aren’t waiting for that. At last count there were nearly 200 public comment letters and staff meetings about the subject on record with the Securities and Exchange Commission. That’s the highest… Read More

April 17, 2013 @ 9:35 am By Charles Luzar  |  

In a few hours, Elisse Walter will sit in front of members of the House of Representatives Oversight Committee to answer questions on why key elements of the JOBS Act are still in limbo more than a year after the Act was signed into law…. Read More

April 16, 2013 @ 7:33 am By Charles Luzar  |  

Yesterday the Crowdfund Intermediary Regulatory Advocates (CfIRA), an industry group representing crowdfunding intermediaries, submitted a letter to the House Subcommittee on Oversight and Investigations urging those frustrated with inaction to apply pressure to those who have the power to enact change. This letter precedes tomorrow’s… Read More

April 15, 2013 @ 5:30 pm By Laywers Weekly  |  

Ontario looked upon as key to setting pace When the U.S. Jumpstart Our Business Startups Act was passed last year, it included a “crowdfunding exemption” that opened the door to using social media and other Internet tools to raise capital. And while other jurisdictions, such… Read More