Tagged: regulation

Australian Securities & Investments Commission Publishes Guides on “Crowd-Sourced Funding”

The Australian Securities and Investments Commission (ASIC) is out with two consultation papers that are guides for crowd-sourced funding (or investment crowdfunding). The first, “Crowd-sourced funding: Guide for public companies,” is consultation seeking feedback for proposed guidance on public companies raising capital online. The second, “Crowd-sourced funding:… Read More

Morgan Stanley Believes Bitcoin Needs Regulations for Further Growth

In a recent report titled “Blockchain: Unchained?”, Morgan Stanley details its hesitance towards Bitcoin and outlines its belief that in order for Bitcoin to see continued growth, more regulations need to be enacted. While Morgan Stanley does have high hopes for blockchain, the technology behind Bitcoin,… Read More

FCA Director of Competition Chris Woolard Cautions on Usage of Bitcoin

Chris Woolard, the Financial Conduct Authority’s competition Czar, has commented on the usage of cryptocurrencies. As reported by FN news, Woolard said; “We don’t prohibit regulated firms from engaging in digital currency trading, nor do we prohibit banks from offering banking services to deal with… Read More

Is the SEC About to Crack Down on ICOs?

The exponential growth of Initial Coin Offerings (ICOs), which are being used to raise huge amounts of money using blockchain based tokens, have been increasingly scrutinized. According to a recent report on Reuters, regulators within the SEC are taking a hard look at the use of… Read More

FESE Responds to EU’s Consultation on Fintech

  The Federation of European Securities Exchanges (FESE) recently published their response to the European Commission’s Consultation, “FinTech: a more competitive and innovative European Financial Sector.” In their response, they listed three principles that they believe will be vital for the development of the Fintech… Read More

Treasury Report Seeks to Deliver Regulatory Relief to Banks & Credit Unions

The US Department of Treasury is out with its first report in a series addressing regulatory reform regarding the financial services industry.  Due to the enormity of the task, Treasury will divide its review of the financial system into a series of reports. While Fintech… Read More

Here is the European Commission Consultation Paper on Fintech

Earlier this year, the European Commission published a consultation paper on Fintech. Entitled, “Fintech: A More Competitve and Innovative European Financial Sector,” comments are starting to be published as the deadline nears (June 15, 2017). The ESMA published their comments today. The consultation was predicated… Read More

The European Securities & Markets Authority Responds to EC Consultation Paper on Fintech

Response Specifically Targets, AI, Crowdfunding, Blockchain, Regtech & More. The European Securities and Markets Authority (ESMA) has responded to the European Commission consultation paper on “Fintech: a more competitive and innovative financial sector”. The ESMA welcomed the initiative to take a stock-take of the EU’s… Read More

Monetary Authority of Singapore Posts Consultation on Robo-Advisors

The Monetary Authority of Singapore (MAS) has published a consultation on the regulation of Robo-Advisors or “Digital Advisory Services.” The consultation will close on July 7, 2017. The MAS proposal seeks to support innovation in financial services by recognising the unique characteristics of digital platforms…. Read More

OCC Posts FAQ That Addresses Fintech Questions

The Office of the Comptroller of the Currency (OCC) is out with an FAQ to supplement a Bulletin (2013-29). Several of the items address Fintech specifically, as well as marketplace lending. This is part of the ongoing adjustment in the financial regulatory space where policymakers… Read More

SEC Chair Jay Clayton Requests Comments on Controversial Department of Labor Fiduciary Rule

The Chairman of the Securities and Exchange Commission (SEC) Jay Clayton published a request for comments today tackling a controversial topic. Chair Clayton addressed the Department of Labor’s “Fiduciary Rule” that deals with the conduct of investment advisors and broker dealers. It will also impact… Read More

Rebuildingsociety.com Offers Other Platforms Option to Leverage their FCA Authorization as Appointed Representative

Rebuildingsociety.com, a peer to peer lender for UK SMEs, received full FCA Authorisation in February of this year after a “long journey”. The platform had applied for full authorisation in November 2014.  Rebuildingsociety is now offering companies the opportunity to collaborate with them as Appointed… Read More

Orchard X: Secondary Market for Online Loans Delayed Due to Regulatory Hurdles

Orchard X, the secondary trading platform being created by Orchard platform, received coverage from NYTimes.com yesterday shedding some light on the delayed launch. The electronic trading platform for online lending assets was announced in April 2016 but since that date little has been said about a… Read More

Point of View: Regulating The Fintech Revolution

What was previously a relatively innocuous industry sector, the financial technology (or “Fintech”) industry has exploded over the past few years. With the litany of new Fintech startups and existing Fintech businesses, and even Fintech specific incubators and accelerators popping up, the Fintech revolution is… Read More

Narrow Escape for German Real Estate Crowdfunding, Green Crowdinvesting Now in Legislator’s Crosshairs

    After multiple formal and informal discussions with representatives of the crowdfunding sector, consumer associations and the German financial establishment, the Financial Committee of the German Parliament has drawn its conclusions from the review of one year of operation under the German crowdfunding regulation,… Read More

NextSeed: A Community-Driven Small Business Fundraising Platform Utilizing Crowdfunding Laws

NextSeed CEO Youngro Lee shares what is working & what is not under Reg CF. NextSeed was the very first, crowdfunding portal to receive FINRA approval. But the investment crowdfunding platform was honing its skills and processes under the Texas intrastate crowdfunding exemption before Reg… Read More

Guzik Welcome’s Congressman McHenry’s Letter to SEC But Believes More Needs to Be Done

Sam Guzik, a securities attorney and Crowdfund Insider Senior Contributor, has shared his perspective on Congressman Patrick McHenry’s letter to SEC Chair Jay Clayton. Guzik welcomes, McHenry’s requests but believes more needs to be done; “I applaud the unrelenting and tireless efforts of Congressman McHenry… Read More

Congressman Patrick McHenry Asks SEC Chair Jay Clayton to Act & Fix Crowdfunding Rules

Once again, crowdfunding’s white knight rides into action. Congressman Patrick McHenry sent a letter to the newly sworn in Chairman of the U.S. Securities and Exchange Commission Jay Clayton outlining certain provisions of the regulations relating to Title III of the JOBS Act that need… Read More

ACSEC Makes Recommendations on Finders & Other Intermediaries

The SEC Advisory Committee on Small and Emerging Companies (ACSEC) discussed the regulation of “Finders” at their most recent meeting in Washington, DC. Finders can act as a vital catalyst in matching investors to smaller companies yet there is “significant uncertainty” in the regulation of… Read More

VentureCrowd Calls Australian Crowdfunding Legislation a “Slow Motion Train Wreck”

While there has been some progress in the legislative odyssey of “Crowd-sourced equity funding”, as they call it down under, not everyone is pleased with the current results. VentureCrowd, a multi-class crowdfunding platform providing early stage, property and “crowd credit” finance, has labeled the process… Read More