Tagged: regulation d

Dancing with Howey: Telegram’s Recent Public Notice on TON Blockchain

On Monday, Telegram, makers of the popular private messaging app Telegram, issued a public notice to, “clarify certain aspects of the TON Blockchain and Grams,” as the company, “continue(s) to prepare for a successful launch of the project.” TON is intended to function as a… Read More

Judge Allows Telegram to Submit Proposed Banking Disclosure Schedule in SEC Enforcement Case

The judge presiding over an SEC case alleging Telegram sold unlicensed securities has denied the SEC’s request for immediate disclosure of bank records relating to Telegram’s $1.7 billion sale of GRAM cryptographic tokens. Instead, Judge P. Kevin Castel has ordered the private messaging company to, “set… Read More

SEC Seeking to Compel Bank Records Regarding Telegram’s $1.7 Billion Token Sale

The US Securities and Exchange Commission (SEC) has asked a judge to order Telegram to submit bank records detailing how it has been spending $1.7 billion USD it raised from investors in 2018, Finance Magnates(FM) reports. Telegram is currently contesting emergency orders obtained by the… Read More

Perspective: The State of Crowdfunding and Where it’s Headed in 2020

The concept of crowdfunding has been around since the dawn of civilization. Think about the priest passing around the bucket in church, communities coming together to help a member in need, or the example that is probably most familiar to us all – taxes! The… Read More

NextSeed Continues to Expand Platform with a Real Estate Equity Offering Where NextSeed is a Member of the Sponsor Group

Youngro Lee of NextSeed 3

Earlier this month, Crowdfund Insider reported on NextSeed’s first Reg D offering for a real estate investment. NextSeed started life as a platform acting as a bank replacement. Small businesses could raise debt capital, first under the Texas intrastate exemption (no longer in use) and… Read More

SEC Small Business Capital Formation Advisory Committee Tells Commission to Harmonize Rules, Just Don’t Touch Reg D

Last week, the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee published several letters regarding recommendations to the Commission pertaining to the concept release on regulatory harmonization. A specific letter was posted regarding updates necessary for Reg CF as well as a… Read More

Pivot: NextSeed Offers First Real Estate Offering as Platform Expansion Continues

NextSeed, previously a debt-focused Reg CF platform, has recently listed its first real estate offering for a property being redeveloped in downtown Albuquerque, New Mexico. Securities are being issued under Reg D 506c – so accredited investors only. According to NextSeed, ARRIVE Albuquerque “offers a… Read More

NextSeed Lists First Preferred Equity Deal as Blue Top Brand Seeks $3 Million

NextSeed launched its first preferred equity deal this week with Blue Top Brand, a company seeking $3 million on the investment platform. The preferred equity is being issued at a pre-money valuation of $9,985,000 in a side-by-side Reg CF/Reg D offering. NextSeed was previously only… Read More

Decentralized Securities Depository, dba Openfinance, Raises $8.6 Million. Seeks Up to $50 Million

Decentralized Securities Depository, LLC, dba Openfinance, has raised $8.6 million from 19 different investors, according to a filing with the Securities and Exchange Commission (SEC). Decentralized Securities Depository/Openfinance is a secondary trading market for digital securities. Simply naming the company decentralized indicates the utilization of… Read More

Remember the First Allegations of Crowdfunding Fraud – Ascenergy & CEO Joey Gabaldon? He Has Resurfaced Once Again

Back in 2015 during the earliest days of securities crowdfunding in the US, the first case of alleged fraud surfaced by an issuer using Reg D 506c. Ascenergy, a purported Oil & Gas company, along with CEO Joey Gabaldon and several relief defendants were the… Read More

Opportunity Zones: Real Estate Crowdfunding Platform EquityMultiple Provides Investors with Options to Take Advantage of Unique Tax Benefits

Opportunity Zones are new, tax-advantaged vehicles for investors to earn more on their money. Created by the Tax Cuts and Jobs Act of 2017, the first qualified opportunity zones (QOZs) first hit the market in early 2018. Designated by state authorities, there are now thousands… 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

On the Second Anniversary of the DAO: The Token Universe’s Cat Food Moment

Recently we marked the second anniversary of the SEC’s issuance of an Investigative Report finding that the DAO Tokens were securities.   While this killed the hopes of those who had interpreted SEC silence to mean consent to the unregulated issuance of tokens, it still… Read More

Insurtech Lemonade Raises $175 Million, Looks for $125 Million More

Lemonade, a fast-growing Insurtech focusing on homeowners and renters insurance, has raised $175 million according to a Form D filed with the Securities and Exchange Commission (SEC). The document indicates that Lemonade is seeking up to $300 million in equity capital. As it stands today,… Read More

Following Broker-Dealer Approval, NextSeed Lists First Reg D Offering

NextSeed, a debt-focused crowdfunding platform, has listed its first side-by-side Reg CF – Reg D offering. The news of the first parallel offering comes on the heels of the announcement that NextSeed has been approved as a FINRA regulated broker-dealer. Under Reg CF, issuers may… Read More

SEC Director of CorpFin Bill Hinman Provides Crowdfunding Update at Small Business Capital Formation Advisory Committee Meeting

Earlier this week, the inaugural meeting of the Small Business Capital Formation Advisory Committee (SBCFAC) took place at the Securities and Exchange Commission (SEC) in Washington, DC. The new Committee brings together a diverse group of small business proponents including several Fintechs. Led by Martha… Read More

NextSeed Becomes a Broker Dealer. Looks to Expand Offerings Beyond Reg CF [u]

NextSeed, a FINRA regulated funding portal issuing securities under Reg CF, has become a broker-dealer. In an email distributed to its community, NextSeed announced the change in strategy for its investment crowdfunding platform. The announcement was joined by a site re-design and the addition of… Read More

Globex Blockchain Stack to Power Timeless Luxury Group’s Digital Securities Offering

Globex Debuts Its Blockchain Software Stack to Power Timeless Luxury Group’s Digital Securities Offering in a Series of Industry Firsts Horizon Globex US, a SaaS business for the development of blockchain software solutions for digital securities, has announced that Timeless Luxury Group AG, a Switzerland-based… Read More

Medtech Start-up VoCare Boutique Crowdfunds $1.1 Million on Own Website

VoCare is raising capital for the launch of a new Medtech device, the Vitals360; a smartphone-sized diagnostic device for the Remote Patient Monitoring (RPM) and Point-of-Care verticals. Current investors include AGS Capital and SAW Capital and tax credits are available to Indiana investors via the… Read More

First Security Token Sale of the Year: CoinList Offers Ocean Token

CoinList, a platform for security tokens, is offering its first investment of the year. The securities are being issued under Reg D and Reg S. Ocean is described as an ecosystem that “securely exposes data, storage, compute, and algorithms for consumption.” The data feature incorporates… Read More

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