Tagged: kim wales

February 3, 2021 @ 9:20 am By JD Alois  |  

Investors Bancorp, Inc. (NASDAQ: ISBC) has announced that Kim Wales and John E. Harmon, Sr. have been elected to its Board of Directors. Wales is well known in the Fintech and crowdfunding sector having been an early advocate for online capital formation and engaged with… Read More

September 6, 2019 @ 8:50 am By Samantha Hurst  |  

CrowdBureau, an information technology platform that offers asset and risk management tools for market players seeking more transparency in marketplace peer-to-peer lending and securities crowdfunding, announced this week it raised $1.1 million through its Series A funding round, which was led by Clydagh Limited, Estuary Holdings… Read More

June 9, 2019 @ 12:14 pm By JD Alois  |  

CrowdBureau has partnered with Amplify to create a new Exchange Traded Fund (ETF) that targets the Fintech sectors of peer to peer lending (marketplace) and crowdfunding. The LEND ETF corresponds to the CrowdBureau Peer-to-Peer (P2P) Lending & Equity Crowdfunding Index (the Index). The Index is comprised… Read More

June 29, 2016 @ 9:46 pm By JD Alois  |  

The Fix Crowdfunding Act (HR 4855) passed the House Financial Services Committee earlier this month with solid bipartisan support. The bill was laser focused on addressing intrinsic shortcomings in Title III of the JOBS Act. While the bill was approved the final text saw several… Read More

April 15, 2016 @ 10:50 am By JD Alois  |  

This is important.  In the United States, the wealth disparity is growing – not closing. While there are multiple reasons why this wealth gap has occurred, the growing dominance of big money over smaller investors has clearly exacerbated this societal challenge.  Unfortunately, policy officials have… Read More

January 15, 2016 @ 1:03 pm By JD Alois  |  

There is a mandate under Dodd-Frank to review the definition of an “Accredited Investor” on a rolling basis.  As it stands today, Accredited Investors are individuals with incomes over $200,000 per year or $1 million in assets beyond a person’s primary residence. If you are… Read More

September 18, 2015 @ 1:47 pm By JD Alois  |  

In a somewhat controversial regulatory approach, the state of Washington, Department of Financial Institutions, has indicated its interest in requiring issuers to file with the state when utilizing Tier 2 of Regulation A+.  The new exemption which preempts State Blue-Sky law and raises the investor… Read More

July 17, 2015 @ 9:45 am By JD Alois  |  

The two leading equity crowdfunding associations, CFIRA and CFPA, came together to present a primer on the two active exemptions under the JOBS Act: Title II and Title IV. Title II, or accredited crowdfunding, has been actionable since the fall of 2013.  Title IV or… Read More

July 10, 2015 @ 6:30 pm By JD Alois  |  

Anthony Puls, the Founding Director & Chairman of ASSOB – one of the trailblazers of the investment crowdfunding space, has launched a new web site touting SME Bonds. The financial vehicle is said to be already available in Australia and New Zealand and targets startups and early… Read More

March 27, 2015 @ 9:14 am By Samantha Hurst  |  

The U.S. Securities and Exchange Commission (SEC) unanimously adopted final rules on Wednesday to expand Regulation A, an existing securities registration exemption, under Title IV of the JOBS Act, often referred to as “Regulation A+.” The expansion of Regulation A will expand capital markets for small public securities… Read More

March 25, 2015 @ 12:45 pm By JD Alois  |  

The Securities and Exchange Commission met today to finalize rules for Title IV of the JOBS Act, commonly referred to as Regulation A+.  As expected the Commission quickly approved rules that included state Blue Sky pre-emption but for only Tier 2 of Title IV.  The… Read More

November 28, 2014 @ 7:32 am By Kim Wales  |  

The 2014 Securities and Exchange Commission Government-Business Forum on Small Business Capital Formation ensued on November 20, 2014 at the SEC headquarters in Washington, D.C. In usual form, since the signing of the Jumpstart Our Business Startups Act (JOBS Act), the crowd (attorney’s, issuers, intermediaries, regulators, investors,… Read More

November 10, 2014 @ 7:27 am By Samuel Guzik  |  

As one who has represented small and emerging growth companies over the past 36 years in navigating access to the capital markets, I have closely followed the legislative and regulatory developments in Washington, D.C. since the enactment of the Jumpstart Our Business Startups Act of… Read More

October 13, 2014 @ 3:12 pm By JD Alois  |  

Last week the Investor Advisory Committee met at the Securities and Exchange Commission to review and make recommendations on several issues regarding investors.  At the top of the list was the hot polemic on how an accredited investor should be defined. As it stands today… Read More

September 3, 2014 @ 7:30 am By Kim Wales  |  

Some Issues in Title III Crowdfunding Regulations Require Modification. Recently, there has been a renewed call for action on Title III (Regulation Crowdfunding) to go-live. And there are some proponents in the industry that just want the rules to go live ‘as-is’. However, the Crowdfunding… Read More

August 27, 2014 @ 12:05 pm By JD Alois  |  

The Crowdfund Intermediary Regulatory Advocates (CFIRA) has taken a firm and concise stand on the debate enveloping the definition of an “Accredited Investor”.  CFIRA has been at the forefront in advocating for financial innovation and investment crowdfunding.  The group promotes the interests of issuers AND… Read More

May 10, 2014 @ 9:23 am By JD Alois  |  

The Crowdfund Intermediary Regulatory Advocates (CFIRA) recently posted a comment letter on the SEC web site regarding JOBS Act implementation.  The comment letter was in direct response to the recommendations provided by the Investor Advisory Committee (IAC) who recently met – reviewing their requests for… 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

January 15, 2014 @ 4:00 pm By JD Alois  |  

Entrepreneur and crowdfunding industry thought leader Kim Wales has outlined her views on Title III  of the Jumpstart Our Business Startups Act of 2102 which covers “popular” crowdfunding (sometimes called Reg CF).  The comment period for the SEC on the proposed regulations are scheduled to end next month on… Read More

January 9, 2014 @ 4:00 pm By Samuel Guzik  |  

HOW TO MAKE THE SEC REPENT BEFORE IT IS TOO LATE. In a previous article in Crowdfund Insider on November 4, 2013, I identified a number of serious problems with the SEC’s proposed crowdfunding regulations. I also promised readers to share my opinions on what… Read More