Tagged: regulation

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

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

Wefunder Publishes Open Letter to SEC: Six Recommendations to Improve Regulation Crowdfunding

Wefunder has sent a letter addressed to the Securities and Exchange Commission (SEC). On the anniversary of the launch of Title III of the JOBS Act, or Regulation Crowdfunding (Reg CF), Nicholas Tommarello, co-founder and CEO of Wefunder, has taken a moment to reflect on… Read More

The JOBS Act Turns Five, Regulation A+ Turns Two, Regulation Crowdfunding Turns One: What Should Be Next on the SEC Chair Jay Clayton’s Agenda

With the Jumpstart Our Business Startups (JOBS) Act having just reached its five year milestone, Regulation Crowdfunding hitting its one year milestone, and the two year anniversary of Regulation A(+) fast approaching, I thought this would be a good time to (briefly) reflect on the… Read More

Australia Expected to Extend Investment Crowdfunding to Proprietary Companies

The Australian government crafted updated “Crowd-Sourced Equity Funding” (CSEF) earlier this year.  The new rules will commence on September 29, 2017. But the bill was described as flawed by some as it only allowed  public companies to participate.  In Australia, the vast majority of companies… Read More

Regtech Reducing Compliance Costs for Early Adopters in Financial Markets

Last week, TABB Group released a report entitled “Financial Markets: Embracing RegTech” which focused on the growing issue of increasing regulatory compliance facing financial institutions today. TABB Group is an international research and consulting firm focused on capital markets. Problem: Increasing Regulations Post-2008 The global financial… Read More

Autorité des Marchés Financiers Launches Fintech Lab

In an attempt to enhance their understanding of the Fintech industry, the Autorité des marchés financiers (AMF) in Quebec, Canada, has announced the creation of a Fintech Lab. The Fintech Lab, which will be accessible to all AMF employees contributing to the projects of the Fintech… Read More

Ireland is Considering Bespoke Crowdfunding Regulation

  Last week, the government of Ireland announced a Public Consultation on the Regulation of Crowdfunding. Currently, crowdfunding is not a regulated activity in Ireland. The Irish Minister for finance, Michael Noonan T.D. commented on the consultation; “Ensuring that the development of this exciting and… Read More

SEC Rolls Out Amendments to Intrastate Offering Rule

On April 20, 2017, amendments to Rule 147 and new Rule 147A, federal intrastate offering exemptions, finally went into effect. The amendments to Rule 147 and new Rule 147A are intended to modernize and update the exemption that allows companies to raise money from investors who… Read More

Have the Wheels Fallen Off of Reg CF Crowdfunding?

Crowdfunding, as allowed under Reg CF (created by Title III of the JOBS Act) was designed to improve access to capital for smaller firms in need of funding while providing new investment opportunities for smaller investors. For too many years the little guy has been… Read More

On a Mission: FCA Updates Mission & Business Plan, Shares Challenges of Fintech

The Financial Conduct Authority (FCA) released an update this week on both their mission and an accompanying business plan. The lead securities and market regulator, posted its broad strategic objectives, as determined by Parliament; To ensure that relevant markets function well – and three operational… Read More

Chinese Fintech Startup Helps Mainlanders Invest Money in US Funds

China’s Concerns with Outflowing Money China has a money outflow problem on its hands. More than US $1.2 Trillion has left China since its yuan was devalued in August 2015, according to Bloomberg. Money has been leaving China in several ways: increase in repaying foreign… Read More

New Law in Japan Officially Recognizes Bitcoin

Only a few weeks since the SEC denied two separate bitcoin ETF applications, there may be some good news coming out of Japan for supporters of Bitcoin. On April 1, a new law went into effect in Japan allowing for the country’s first officially recognized… Read More

The OCC Fintech Charter is a Key First Step, Not the Last Word

  The technology transforming the financial sector is creating a historic opportunity to make financial services better and more accessible for all Americans. With this technology, consumers are finding new opportunities to borrow more affordably, save, invest, and transmit money.  While Americans prize the innovations… Read More

Milken Publishes Document on Needed Financial Regulatory Reform

The Milken Institute Center for Financial Markets, a non-partisan think tank with a mission to increase global prosperity, has published a document on modernizing financial regulation in the US.  Most regulations overseeing the financial services sector were written for an analog world. There is a… Read More

Congressman Patrick McHenry on Financial Inclusion through Technology

On Monday, March 6, 2017, Congressman Patrick McHenry gave keynote remarks at the Lendit Conference in New York City. Among the themes of his speech, McHenry talked about the need for financial inclusion, citing a statistic that counties with less than 100,000 in population saw… Read More

Oracle is Big in Fintech & Poised to Get Bigger as Digital Finance Becomes Ubiquitous

Oracle is one of the largest software and services company in the world. Only second to Microsoft, Oracle has grown and pushed into a multitude of verticals and businesses. Today much of Oracle’s business has to do with Enterprise Resource Planning (ERP) software – massive… Read More

Startup Grind 2017: Fintech is the Future

Two-day conference Startup Grind earlier this week set in Redwood City, California at the Fox Theater boasted “5,000 founders and investors, more than 40 keynote and fireside sessions, and over 50 exhibiting startups”.  The ability to pull back from all of the pitches and decipher key messages… Read More