Tagged: massachusetts

Massachusetts Issues Cease and Desist Order Against Florida Woman, 62, Participating in Multi-State Crypto Fraud Scheme

The Massachusetts Securities Division of the Office of the Secretary of the Commonwealth Enforcement Section is seeking orders to force a 62-year-old woman in Florida to cease perpetuating a fraudulent cryptocurrency scheme operating in at least 6 American states. The agency is also asking that… Read More

Medford Brewing Company Taps Wefunder for Crowdfunding Campaign: Ready for Expansion

Last week, when Crowdfund Insider covered Crate Brewery’s Crowdcube campaign,  several successful beer crowdfunding campaigns were highlighted, including BrewDog, Garage Beer, Sly Fox, BeerBods, The Bottle Shop. On Crowdcube alone, Chadlington Brewery, Crowns and Hops Brewing Co, Redwell Brewery and Crate Brewery are currently raising funds. Lots of… Read More

State of Massachusetts Creates Fintech Working Group

Massachusetts Secretary of State William Galvin has created a “Fintech Working Group. Galvin’s office oversees the states’ securities regulation. According to a report in the Boston Business Journal, Galvin had this to say about creating the Fintech group: “This working group includes key players from… Read More

What Lessons Can Token Issuers Learn from Recent Federal / State Securities Enforcement Activity?

In this article we discuss a number of lessons that we believe issuers of digital tokens can draw from recent enforcement actions brought by federal and state securities regulators. But we first need to define the perimeter we will be covering. There has been a… Read More

State of Massachusetts Issues “Cryptocurrency ICO Sweep” Regarding Alleged Securities Violations

The State of Massachusetts Securities Division, under the direction of Secretary William Galvin, has issued a series of Consent Orders pertaining to five different initial coin offerings (ICOs). The following issuers received the orders: 18Moons, Inc Across Platforms, Inc. DBA ClickableTV SparkCo Inc, DBA Librium… Read More

With Regulators Clamping Down on ICOs in the US, Should Issuers Consider Off-Shoring Their Crowdsales?

The environment for initial coin offerings (ICOs) in the US has changed dramatically in the past few months. In July of 2017, the Securities and Exchange Commission (SEC) issued the DAO report that identified the token offering as a security indicating at least some of the… Read More

Accenture Opens New Innovation Hub in Boston

Accenture (NYSE: ACN) announced on Tuesday it has opened its new innovation hub in Boston’s Back Bay as part of its accelerated innovation investment in the U.S. The company revealed it plans to add 400 technology jobs in the city by the end of 2020. It… Read More

State of Massachusetts Requests Comments on Proposed Securities Regulations including Crowdfunding Rules

The Secretary of the Commonwealth of Massachusetts has published a grouping proposed regulatory changes several of which will impact federal crowdfunding exemptions, including notice filings for Reg A+ and Reg CF. The proposed changes, posted today, are open for public comment until January 19, 2018…. Read More

City of Boston Forms New Partnership with Crowdfunding Platform iFundWomen

Just a couple months after iFundWomen announced its expansion into Maryland, the City of Boston revealed on Monday it is teaming up with the crowdfunding platform women. As previously reported, iFundWomen is on a mission to help drive funding towards female entrepreneurs and close the gender… Read More

Update: Hopsters Brewery Secures $1M Through WeFunder Campaign

Massachusetts craft brewery Hopsters has successfully secured $1 million during its equity crowdfunding campaign on Wefunder. The company, which was founded by Lee and Karen Cooper, launched the initiative at the end of November and quickly captured its minimum $300,000 target goal in 48 hours…. Read More

Massachusetts Proposes Regulations for Reg A+, Tier II & Reg CF

The Massachusetts Securities Division has proposed new regulations pertaining to securities offered under Tier II of Regulation A+ and Reg CF, both created by the JOBS Act of 2012.   The state agency has also proposed notice filings for Reg CF portals. The proposal is… Read More

Brief: Kickstarter Preps For PAX East 2016 Gaming Convention in Boston

This week, crowdfunding giant Kickstarter announced details about its “Game Dungeon” at the PAX East 2016 gaming convention in Boston April 22nd-24th. The show is considered one of the largest gaming events in North America. While discussing the event, the Kickstarter crew stated: “Publishers, developers, and… Read More

Brief: Boston University Launches Campus-Wide Crowdfunding Platform

On Tuesday, Boston University announced it has recently launched its very own crowdfunding platform for campus-based projects. According to BU Today, the university has developed the portal to help academic departments, student groups, and other members of the BU community raise funds for research, service trips, projects, events,… Read More

Brief: Acquire Real Estate Completes Funding Round For Massachusetts Industrial Property

On Tuesday, crowdfunding platform Acquire Real Estate announced it recently closed a funding round for 57 Littlefield Street, a $16.5 million industrial property located in Avon, Massachusetts. The project attracted a dozen investors from across the U.S. that contributed between $3,000 and $100,000 in investments. Acquire Real Estate… Read More

Sensory Perspective Seeks £1.55M on Invesdor For Finance Growth & International Expansion

Sensory Perspective Ltd, UK-based company that develops and manufactures devices that detect and protect individuals from electromagnetic radiation (EMR), is seeking to secure £750,000 on Invesdor to acquire the assets of a profitable Boston, Massachusetts-based manufacturer of radon measurement devices.  The company previously turned to Crowdcube… Read More

SEC Fires Back in Battle with Montana & Massachusetts on Regulation A+

The ongoing battle between the States and the Securities and Exchange Commission took another step forward this week as the Commission responded to the States claims.  States securities regulators in both Montana and Massachusets, supported by the North American Securities Administrators Association (NASAA), have persistently… Read More

Massachusetts & Montana Continue Assault on SEC & Regulation A+

As aptly stated in one publication, Massachusetts and Montana are giving Regulation A+  – an F.  While the failing grade is perplexing to most casual observers, the battle over this new investment crowdfunding exemption and the petitioning states is nowhere near completion. In a filing… Read More

PALMco Revives Commitment to Science Education by Funding Local Teachers’ Projects Through DonorsChoose

PALMco, a family owned and operated energy supply company, announced today its third annual commitment to funding environmental science projects in partnership with DonorsChoose, a non-profit crowdfunding platform where teachers can request classroom resources. By partnering with the DonorsChoose.org “Double Your Impact” initiative, qualified projects in… Read More

Parallella’s Creator Reveals Why He Will Not Be Returning to Kickstarter For Other Projects

Back in September 2012, Massachusetts-based Adapteva launched a crowdfunding campaign on Kickstarter to raise funds for its invention, Parallella. The device is described as a “supercomputer for everyone” and its platform was built on the following principles: Open Access: Absolutely no NDAs or special access needed! All architecture and… Read More

Montana & Massachusetts Update “Fools Errand” SEC Lawsuit

The states of Massachusetts and Montana have filed a joint preliminary statement of issues. Once again the two state securities regulators, William Galvin in Massachusetts and Monica Lindeen in Montana, are reiterating their criticism of the SEC and recently enacted rules for Regulation A+. The… Read More

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