Tagged: regulation cf

Wefunder’s Nick Tommarello Posts Comment on SEC Concept Release: Currently, Reg CF is “Most Often a Funding Option of Last Resort”

Wefunder, the leading crowdfunding platform using the Reg CF securities exemption, has posted a comment letter on the Securities and Exchange Commission’s concept release authored by Wefunder co-founder and CEO Nick Tommarello. The SEC’s concept release is an ongoing consultation on the current regulatory environment… Read More

Reg CF: In More than 3 Years this Crowdfunding Exemption has Seen Zero Fraud in Contrast to What Some Expected

Reg CF [Regulation Crowdfunding], the smallest of the three crowdfunding exemptions created by the bi-partisan JOBS Act of 2012, became officially actionable in May of 2016. In that time, hundreds of issuers have raised money on FINRA regulated “funding portals” taking advantage of the internet… Read More

Caribu Cruises to $1 Million Reg CF Cap on Wefunder

Caribu, an App-based tech firm that enables interactive video calls (think drawing etc.) with your kids (or grandkids), has cruised to its $1 million funding cap on Wefunder. Interestingly, Caribu says that company revenue saw double-digit month over month growth throughout the Reg CF campaign… Read More

Real Estate Crowdfunding Platform Small Change Plans Opportunity Zone Fund

Real estate crowdfunding platform Small Change is planning to launch an Opportunity Zone fund enabling access to investments in the newly minted tax-advantaged designation. As explained by the IRS: “Qualified Opportunity Zones were created by the 2017 Tax Cuts and Jobs Act. These zones are… Read More

Risk Mitigation: Assurely Co-Founder David Carpentier Shares Insight into Future of Insurtech & Online Capital Formation

Assurely is a unique Insurtech platform that is first targeting online capital formation platforms to provide a new level of confidence for the issuance of securities be they traditional or digital. The company was co-founded by two established entrepreneurs, CEO David Carpentier and Chief Insurance… Read More

SMBX Closes on “Worlds First” Small Business Bond Issued by Bernal Cutlery

“Be the bank,” is what SMBX tells its users, encouraging investors to provide access to debt capital for small businesses that typically struggle to get a loan from old finance. SMBX, a blockchain-powered platform that recently received FINRA approval to operate as a Reg CF… Read More

Big Exit: Crowdfunded on StartEngine Under Reg CF, Hylete Fitness Apparel Files S-1 to IPO on the NYSE

In 2017, Hylete Fitness Apparel raised $1 million on StartEngine, a leading US-based investment crowdfunding platform. Jump forward two years later and Hylete has some good news for early investors. Hylete has filed for an initial public offering (IPO) with shares expected to trade on… Read More

Adam Carolla Discusses Crowdfunding on Microventures

Adam Carolla, a comedian/actor etc., visited the studios of CNBC earlier this month to talk about a securities crowdfunding offering which recently closed on Microventures. Carolla has bounced around the rewards space a bit raising funds on Indiegogo and the now-defunct FundAnything site. While on… Read More

SMBX: Small Business Bond Platform Now Available in Apple App Store

SMBX, a regulated Reg CF crowdfunding platform, has had its App approved by Apple. If you are curious, you may download it here. SMBX is a debt focused crowdfunding platform where small businesses may seek financing from a bank alternative. As most people know, small… Read More

Report States that Reg CF Has Topped $250 Million in Commitments but Falls Short of Potential

Regulation Crowdfunding (Reg CF) has topped $250 million in investment commitments. This number includes both successful and unsuccessful offerings so the amount actually invested would be somewhat lower. This report is courtesy of Crowdfund Capital Advisors (CCA), a consultancy and data provider that has long… Read More

Backed by the State of Kentucky, Braidy Industries Raises $2.5 Million in Side by Side Reg CF – Reg D Offering for Aluminum Company

This is an interesting investment offering. Braidy Industries, based in Kentucky, has closed a side-by-side Reg CF-Reg D offering listed on NetCapital. Reg CF is a private securities exemption that allows issuers to raise money from anyone – up to $1.07 million. Under Reg D,… Read More

Republic First: Althea AirDrops Tokens Under Reg CF Exemption. No Payment Necessary

Republic is claiming a first. The crowdfunding platform is in the process of doing an Airdrop under Reg CF. Reg CF is a securities exemption where issuers may raise up to $1.07 million. Airdrops are used to disseminate digital assets which may be used to… Read More

Republic Update: Over 80 Campaigns Funded + More than 3 Million Note Tokens Distributed

Mission-driven crowdfunding platform Republic has distributed a brief report on the company’s progress. Republic is an interesting Fintech platform that focuses on Reg CF but company is also deep into the crypto sector. An offshoot of AngelList and a sister platform of CoinList, Republic has… Read More

Crowdfunding on VidAngel Studios, the Chosen Claims to be #1 Crowdfunded Media Project Ever

Crowdfunding on VidAngel Studios now, the Chosen is claiming the title as the number one media project ever to be crowdfunded. Back in 2018, Chosen raised $9.99 million using Reg A+. Today, using Reg CF, the Chosen is in the process of seeking a total… Read More

Reg CF Update: Three New FINRA Regulated Portals Enter – One is Blockchain Based, One is Canadian & One to Finance Videos

Reg CF (Regulation Crowdfunding) is a unique securities rule that allows companies to raise up to $1.07 million from both accredited or non-accredited investors. Created by the JOBS Act of 2012, Reg CF is the smallest of the three online capital formation exemptions. Reg D… Read More

Association of Online Investment Platforms Issues Policy Paper Recommending Improvements to Crowdfunding Rules

The Association of Online Investment Platforms (AOIP) has published a series of policy recommendations encouraging Congress to act and improve the online capital formation marketplace by fixing existing flaws in crowdfunding rules. The AOIP is a newer advocacy group formed in the last year. The… Read More

Reg CF Topped $200 Million Raised in May

Reg CF, the crowdfunding exemption that allows issuers to raise up to $1.07 million online, has topped the $200 million mark, according to StartEngine – a crowdfunding platform that tracks the exemption’s progress. In May, according to the report, issuers raised $5.7 million pushing the… Read More

Lawcloud: SEC Report on Reg CF Uncovers Issuer Non-Compliance

LawCloud, formerly doing business as iDisclose, issued a not last week addressing the Securities and Exchange Commission’s (SEC) Report on Regulation Crowdfunding (Reg CF). The report is a point in time snapshot of sector progress for the smallest sector of online capital formation. In brief,… Read More

The SEC Publishes Report on Reg CF: “The number of crowdfunding offerings as well as the total amount of funding during the considered period was relatively modest”

The Securities and Exchange Commission (SEC) has published a statutory report on Regulation Crowdfunding commonly referenced as Reg CF. The mandated report must be forwarded to Congress three years after Reg CF rules became effective (May 2016). Reg CF is the smallest of three federal… Read More

Three Years of Reg CF: 44 Funding Portals, 9 Departures, 1 Suspension & $200 Million Raised

Last week Regulation Crowdfunding, or Reg CF as it is affectionately called, celebrated its 3rd birthday. While the JOBS Act legislation that created online capital formation was signed into law in 2012, final rules for Reg CF did not become actionable into about 4 years… Read More

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