Tagged: regulation

June 7, 2017 @ 1:31 pm By JD Alois  |  

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

June 2, 2017 @ 3:19 pm By JD Alois  |  

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

May 31, 2017 @ 4:57 pm By JD Alois  |  

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

May 30, 2017 @ 5:18 pm By JD Alois  |  

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

May 30, 2017 @ 2:25 pm By Anthony Zeoli  |  

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

May 24, 2017 @ 12:20 pm By Therese Torris  |  

    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

May 23, 2017 @ 11:46 am By JD Alois  |  

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

May 22, 2017 @ 11:10 am By JD Alois  |  

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

May 22, 2017 @ 10:01 am By Georgia Quinn  |  

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

May 18, 2017 @ 4:10 am By JD Alois  |  

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

May 17, 2017 @ 4:23 am By JD Alois  |  

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

May 16, 2017 @ 9:54 am By JD Alois  |  

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

May 15, 2017 @ 11:00 am By Samuel Guzik  |  

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

May 11, 2017 @ 4:36 am By JD Alois  |  

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

May 4, 2017 @ 3:51 am By Jonathan Nieh  |  

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

April 28, 2017 @ 2:34 pm By Cole Lyons  |  

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

April 28, 2017 @ 9:41 am By JD Alois  |  

  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

April 21, 2017 @ 12:00 pm By Jonathan Nieh  |  

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

April 19, 2017 @ 10:03 pm By JD Alois  |  

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

April 19, 2017 @ 11:12 am By JD Alois  |  

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