July 9, 2019 @ 8:20 am By JD Alois  |  

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

May 13, 2019 @ 10:17 pm By JD Alois  |  

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

May 9, 2019 @ 6:00 pm By JD Alois  |  

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

April 15, 2019 @ 2:08 pm By JD Alois  |  

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

April 9, 2019 @ 9:38 am By JD Alois  |  

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

March 22, 2019 @ 3:00 am By Bret Conkin  |  

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

February 21, 2019 @ 10:19 pm By JD Alois  |  

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

January 31, 2019 @ 8:52 pm By Scott Andersen  |  

On January 22, 2019, the Financial Industry Regulatory Authority (FINRA) released its examination priorities for 2019.  At the top of the list was online funding platform compliance with the securities laws. With an uptick in the offer and sale of securities offerings online with Rule… Read More

January 28, 2019 @ 4:36 pm By JD Alois  |  

FINRA recently posted their annual Risk Monitoring and Examination Priorities Letter. As part of the letter, FINRA stated they would be evaluating how firms conduct suitability analyses as well as communications and AML requirements for both Reg D 506c and Reg A+ offerings. These two exemptions… Read More

January 27, 2019 @ 9:23 pm By JD Alois  |  

Last week, FINRA issued its annual Risk Monitoring and Examination Priorities Letter for 2019. The letter is a reference point as to what FINRA expects to target in the coming year. The missive includes an opening by FINRA President and CEO, Robert Cook, who said… Read More

January 18, 2019 @ 3:00 pm By Mark Elenowitz  |  

In 2012 the Jumpstart Our Business Startups (JOBS) Act was signed into law by President Barack Obama. It required the SEC to write rules and issue studies on capital formation, disclosure, and registration requirements. There were three main areas that the investment community took notice… Read More

January 16, 2019 @ 11:35 am By JD Alois  |  

Aspencoin, a digital security associated with the St. Regis Aspen Resort, is migrating over to the Securitize platform. Aspencoin represents fractional equity ownership in the ski resort and has been promoted as the first of its kind. The Aspen Digital Token was distributed to investors… Read More

January 16, 2019 @ 9:07 am By JD Alois  |  

MicroVentures, an equity crowdfunding platform, has just announced the elimination of all fees associated with issuers using Regulation Crowdfunding (Reg CF). MicroVentures says “gone are the days of high commissions and equity compensation for funding portals.” A quick visit to their site and you may… Read More

December 31, 2018 @ 1:37 pm By Samantha Hurst  |  

StartEngine is set to close its security token offering (STO), using the Reg D 506c securities exemption, this evening (December 31st). The round, which only open to accredited investors, made its debut less than six months after StartEngine closed its first Reg A+ round, raising nearly $5… Read More

December 30, 2018 @ 3:30 pm By Onki Kwan  |  

Recently, the SEC has charged the gamut of ICO players with violating the securities laws, including companies raising money with ICOs, an exchange, and people promoting ICOs. None of the recent cases contained allegations of fraud and in some cases, the companies attempted to comply… Read More

December 18, 2018 @ 11:17 am By Doug Ellenoff  |  

This summer, with little fanfare, the North American Securities Administrators Association (NASAA) announced some interesting and, in our view, directionally enlightened ideas on potential changes to state securities laws as they relate to secondary market trading. If you aren’t familiar with NASAA, it is a… Read More

December 11, 2018 @ 11:15 am By JD Alois  |  

Calling their EQRE digital asset “a securities token that even Wall Street could love,” QuantmRE is planning to do a security token offering tied to fractionalized interest in real estate. In partnership with Prime Trust, QuantmRE will issue a security token representing interests in owner-occupied, residential real estate… Read More

December 4, 2018 @ 3:51 pm By JD Alois  |  

Greenrush, a “national online cannabis shopping destination,” has announced a Series B funding round on RenGen Labs. Greenrush provides “on-demand eCommerce and delivery to its 50,000+ customers in more than 150 cities across 5 states and growing.” RenGen was formerly known as Saftlaunch, an initial coin offering (ICO) platform that has since morphed… Read More

December 1, 2018 @ 3:37 pm By JD Alois  |  

StartEngine, one of the leading investment crowdfunding platforms in the US, has filed a Form D with the Securities and Exchange Commission (SEC). As CI reported last month, StartEngine commenced a Reg D offering while their Security Token Offering (STO) under Reg A+ remains in… Read More

November 15, 2018 @ 4:55 pm By JD Alois  |  

Small Change, a mission focused real estate investment platform, is one of a very few platforms offering real estate investments under Reg CF – the smallest securities crowdfunding exemption and the most difficult to work with. Envisioned as a vehicle to boost online capital formation,… Read More