Tagged: legislation

Australia to Fix Gap in Crowdfunding Regulations as Private Companies May Gain Eligibility in New Legislation

This week the Australian Parliament introduced new legislation that will extend crowdfunding or “crowdsourced equity funding” (as the Aussies call it) to private companies. This is an important fix that will create a far more robust and equitable crowdfunding ecosystem in Australia. Earlier this year,… Read More

State of the States: An Updated Analysis of Current Intrastate Crowdfunding Options

While Regulation (Title III) Crowdfunding continues to get all of the attention, the overwhelming majority of states currently have some form of “intrastate” retail crowdfunding laws already in effect; many of which offer significantly more favorable terms to issuers and investors than the federal rules…. Read More

Bitcoin Foundation Looks to Block Congressional Action on Cryptocurrencies, Launches Online Petition

The Bitcoin Foundation is looking to stop Congress from including Bitcoin and other cryptocurrencies in legislation regarding nefarious acts by terrorists organizations and money laundering. Senators Grassley, Feinstein, Cornyn, and Whitehouse, have sponsored legislation entitled, “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017,” includes a portion that points… Read More

Look in the Mirror: Why the Number of Public Companies & IPOs are in Decline

  The decline in the number of public companies in the United States and the decline in the number of initial public offerings (IPOs) that occur each year are widely decried. It is irony that many who bemoan these changes are the very persons who… Read More

“Sarbanes-Oxley is Shutting Out Average Investors from the Early Growth Stages of the Next Cisco & Starbucks”

It is a fact that the number of public companies and the number of companies going public have dramatically decreased over the last 15 years. For private investors like High Net Worth Individuals or Venture Capitalists this has not been an issue. It is arguable… Read More

Delaware Law Legalizing Blockchain Stocks Quietly Moving Forward

Earlier this month, the Delaware House of Representatives passed amendments to state law that would make it explicitly legal for stocks to be traded on a blockchain, the technology behind cryptocurrencies like Bitcoin and Ether. According to an article on Coindesk, the amendments relating to… Read More

New & Improved: Reg A+ May Soon Be Available for Publicly Traded Firms

There is a bill circulating in Congress that may dramatically impact Reg A+ utilization – the crowdfunding rule that currently allows issuers to raise up to $50 million in a scaled disclosure environment. Sponsored by House Representatives Kyrsten Sinema and Trey Hollingsworth, the bill (HR… Read More

VentureCrowd: Crowdfunding Will Be Part of Every Startups Capital Raising Stack

VentureCrowd is a multi-asset crowdfunding platform providing early stage, property and “crowd credit” funding in Australia. Currently, VentureCrowd only caters to sophisticated or high net worth individuals.  Each early stage investment listed on its platform has already secured a professional lead investor thus allowing a smaller… Read More

House Approves Financial CHOICE Act, the Dodd-Frank Replacement

Dodd-Frank has proven to be a horrible act of legislation. A reactionary swipe directed towards the financial services industry following the calamity known as the Great Recession, many portions of the law have not yet been fully enacted. The new regulations are simply too convoluted… Read More

Here is the Senate Bill that May Regulate Digital Currencies Targeting “Terrorists, Tax Evaders, Cartels & Crooks”

Senator Chuck Grassley and Senator Diane Feinstein have joined together in drafting legislation that may impact the cryptocurrency world. The Senate Bill, as it stands now, is designed to “strengthens criminal laws against money laundering – a critical source of funding for terrorist organizations, drug… Read More

Online Lending Association Opposes California Legislation to Cap Interest Rates

The Online Lenders Alliance (OLA) has sent a letter to the California Assembly Apparitions Committee stating their “strong opposition” to AB 784.  This bill, if enacted into law, will set a rate cap for consumer loans between $300 and $5000.  OLA states this legislation has… Read More

Guzik Welcome’s Congressman McHenry’s Letter to SEC But Believes More Needs to Be Done

Sam Guzik, a securities attorney and Crowdfund Insider Senior Contributor, has shared his perspective on Congressman Patrick McHenry’s letter to SEC Chair Jay Clayton. Guzik welcomes, McHenry’s requests but believes more needs to be done; “I applaud the unrelenting and tireless efforts of Congressman McHenry… Read More

Congressman Patrick McHenry Asks SEC Chair Jay Clayton to Act & Fix Crowdfunding Rules

Once again, crowdfunding’s white knight rides into action. Congressman Patrick McHenry sent a letter to the newly sworn in Chairman of the U.S. Securities and Exchange Commission Jay Clayton outlining certain provisions of the regulations relating to Title III of the JOBS Act that need… Read More

Is the Fix Crowdfunding Act, as Included in the Financial Choice Act, a Bigger Fix than Intended?

Earlier this month, Crowdfund Insider wrote about the Financial CHOICE Act and the portions that address raising capital online. It is a pretty big piece of legislation at 589 pages and a multitude of subsections. Subtitle P or the “Fix Crowdfunding” appeared to fall short of… Read More

The JOBS Act Turns Five, Regulation A+ Turns Two, Regulation Crowdfunding Turns One: What Should Be Next on the SEC Chair Jay Clayton’s Agenda

With the Jumpstart Our Business Startups (JOBS) Act having just reached its five year milestone, Regulation Crowdfunding hitting its one year milestone, and the two year anniversary of Regulation A(+) fast approaching, I thought this would be a good time to (briefly) reflect on the… Read More

Have the Wheels Fallen Off of Reg CF Crowdfunding?

Crowdfunding, as allowed under Reg CF (created by Title III of the JOBS Act) was designed to improve access to capital for smaller firms in need of funding while providing new investment opportunities for smaller investors. For too many years the little guy has been… Read More

Financial CHOICE Act of 2017 Expected to Include Changes to Jobs Act Exemptions and More

The creation of Representative Jeb Hensarling, the Financial CHOICE Act of 2017 is geared to replace much of Dodd-Frank legislation. Dodd-Frank has become the poster-child for poorly written law that increased cost to financial service firms while increasing the potential of “too big to fail.”… Read More

Try, Try Again. California Crowdfunding Bill Returns to State Legislature

California is perhaps the most natural state to enact an instrastate law to facilitate investment crowdfunding. Yet multiple attempts at crafting bespoke legislation to allow crowdfunding have failed multiple times. Honestly, I have lost count of the number of bills hoisted up the lawmaking flagpole… Read More

Once Again, the SEC Publishes Small Business Forum Report but This Year May Be Different

Earlier this month the Securities and Exchange Commission (SEC) published their annual report pertaining to the yearly SEC Government -Business Forum on Small Business Capital Formation. The gathering is mandated by law and has taken place since 1982. Each and every year a group of… Read More

The JOBS Act Celebrates 5 Year Anniversary

The Jumpstart Our Business Startups or JOBS Act is celebrating its 5th year anniversary. This is the law enacted during the Obama administration that legalized three different iterations of investment crowdfunding. The JOBS Act under Title II enabled Reg D (506c) issuers to “generally solicit”… Read More