Tagged: massachusetts

March 27, 2018 @ 7:16 pm By JD Alois  |  

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

February 28, 2018 @ 11:35 pm By JD Alois  |  

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

January 16, 2018 @ 3:16 pm By Samantha Hurst  |  

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

December 15, 2017 @ 5:16 pm By JD Alois  |  

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

October 16, 2017 @ 2:59 pm By Samantha Hurst  |  

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

January 5, 2017 @ 4:09 pm By Samantha Hurst  |  

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

November 2, 2016 @ 12:31 pm By JD Alois  |  

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

April 19, 2016 @ 9:17 am By Samantha Hurst  |  

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

April 12, 2016 @ 9:52 am By Samantha Hurst  |  

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

February 2, 2016 @ 3:48 pm By Samantha Hurst  |  

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

January 12, 2016 @ 9:45 am By Samantha Hurst  |  

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

November 18, 2015 @ 9:30 am By JD Alois  |  

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

August 31, 2015 @ 1:30 pm By JD Alois  |  

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

August 13, 2015 @ 1:10 pm By Samantha Hurst  |  

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

July 20, 2015 @ 3:26 pm By Samantha Hurst  |  

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

June 23, 2015 @ 10:30 am By JD Alois  |  

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

June 18, 2015 @ 11:45 am By Anthony Zeoli  |  

As you may know, Montana has filed a “Petition For Review” to challenge the final rules adopted by the SEC under Title IV of the JOBS Act (commonly referred to as Regulation A+). In connection with its suit, Monica J. Lindeen, Montana State Auditor and… Read More

March 24, 2015 @ 8:03 am By JD Alois  |  

The Massachusetts Securities Division will be holding a public hearing today at 10AM to review the incorporated “emergency regulation” for intrastate investment crowdfunding. While the meeting will occur this morning, written comments will be accepted until 5PM today. This is part of the process prior… Read More

March 9, 2015 @ 12:32 pm By JD Alois  |  

The Massachusetts Securities Division has published a call for feedback regarding the state’s crowdfunding exemption.  The rules were released as an “emergency” measure and now state authorities are asking the crowdfunding industry and other interested parties to respond to the enacted rules. Massachusetts has scheduled… Read More

March 5, 2015 @ 7:14 pm By JD Alois  |  

The state of Massachusetts, under the Office of the Secretary of the Commonwealth, enacted “emergency” crowdfunding regulations this past January. Secretary William Galvin, previously identified as highly skeptical of investment crowdfunding having vocally criticized the new form of finance, surprised industry followers when the rules… Read More