Tagged: regulation

October 22, 2013 @ 10:10 am By Charles Luzar  |  

PolicyMic | Crowdfunding For Private Security in Oakland Ignores a Few Key Facts PolicyMic takes a deeper dive into the recent Crowdtilt campaigns funding private security forces in Oakland. What did they find? That some of the neighborhoods don’t have as much crime as one… Read More

October 21, 2013 @ 12:46 pm By Charles Luzar  |  

Yes, legislators in the United States can agree on something. A bipartisan group of Senators is frustrated with delays in the implementation of the JOBS Act, and they’re expressing that discontent in a letter directed squarely at SEC Chair Mary Jo White. The group of… Read More

October 21, 2013 @ 12:06 pm By Charles Luzar  |  

Simeon Burnett and Richard Allen are hoping that when equity crowdfunding becomes legal in New Zealand, which is expected in April of next year, that it will result in a snowball effect of successfully funded small businesses. That is the ethos behind their equity crowdfunding… Read More

October 20, 2013 @ 12:23 pm By Charles Luzar  |  

For the better part of a year we’ve been anticipating a report that was to be the product of a joint venture by thought leaders and researchers in the crowdfunding space, distributed and supported by The World Bank. That report, entitled “Crowdfunding’s Potential for the… Read More

October 19, 2013 @ 2:57 pm By Charles Luzar  |  

VentureBeat: WePay’s API pays off, handles 648% more crowdfunding volume than last year The headline says it all… WePay is seeing some pretty impressive traction providing payment services to crowdfunding campaigns, but they’re quickly moving toward robust solutions for platforms as well. A provided API has… Read More

October 18, 2013 @ 4:09 pm By Charles Luzar  |  

SEC Chair Mary Jo White addressed a crowd at today’s Managed Funds Association Outlook 2013 Conference in New York City. She spoke at length about the JOBS Act and specifically about Rule 506(c) and general solicitation. It may come as a bit of lip service for… Read More

October 10, 2013 @ 3:46 pm By Charles Luzar  |  

Ohio Division of Securities Commissioner Andrea Seidt is now acting President of the North American Securities Administrators Association (NASAA), the “oldest international organization devoted to investor protection.” She was previously Vice President of the NASAA. She replaces A. Heath Abshure of Arkansas as President of… Read More

September 25, 2013 @ 9:00 am By Charles Luzar  |  

The SEC wants to examine how issuers are making use of general solicitation, and in order to do so they’re going to need some help. The SEC’s web site now includes a form that allows digital submission of written materials used for the purpose of… Read More

September 23, 2013 @ 11:26 am By Charles Luzar  |  

With the lifting of the ban on general solicitation, today marks the beginning of a grand experiment in capital formation in the United States. It is also a boon to a crowdfunding industry that has largely been on autopilot while the implementation timeline of the… Read More

August 14, 2013 @ 9:33 am By Charles Luzar  |  

Allegations by the Ohio Division of Securities reverberate through the entrepreneurial class & the crowdfunding industry Candace Klein has been an extremely visible figure in the world of crowdfunding. Beyond her role as CEO of lending-based platform SoMoLend, she is also the former chair and… Read More

July 27, 2013 @ 1:24 pm By Charles Luzar  |  

Back in May we brought you the story of Invested.in, a white-label crowdfunding platform solution with an interesting history. The Next Web just published a feature piece on the California-based company revealing that they have facilitated over $30 million in funding to date. Another revelation… Read More

July 16, 2013 @ 12:34 pm By Charles Luzar  |  

There was a question recently posted to Quora seeking perspective on the interplay of regulation and the crowdfunding industry. Gust CEO David S. Rose offered an answer and it actually serves as a great primer on the crowdfunding industry as a whole. Read below… Read… Read More

June 14, 2013 @ 9:22 am By Charles Luzar  |  

Members of the House Financial Services Committee are exploring the option of passing additional legislation even as crowdfunding industry stakeholders continue to wait on the SEC to pass legislation Although small companies are at the forefront of technological innovation and job creation, they often face… Read More

June 13, 2013 @ 9:54 am By Charles Luzar  |  

The European Crowdfunding Network has published a whitepaper explaining the state of crowdfunding regulation in the UK, Spain, Italy and Germany. The document explores how all four countries are simultaneously taking their own unique approaches to implementing crowdfunding while clearly learning from one another as they… Read More

May 28, 2013 @ 4:05 pm By Businessweek  |  

These days, you’re unlikely to encounter a story about equity-based crowdfunding that doesn’t come with some form of the following disclaimer: More than a year after President Obama signed the JOBS Act into law, the Securities and Exchange Commission has yet to formalize rules that… Read More

May 13, 2013 @ 9:21 am By Metro.co.uk  |  

Calls for ‘crowdfunding’ to be regulated could be heard as early as next April when new rights for consumers come in to play. But with so many internet platforms popping up, the catch-all term can be confusing. It is used to describe a large group of… Read More

May 9, 2013 @ 9:57 am By Crowd Valley Blog  |  

AngelList and FundersClub both recently requested and received “no action” relief from the SEC staff. “No action” letters are often complicated and the law surrounding the discussion is extremely opaque. We have sought to set out the implications of the relief granted by the staff… Read More

April 26, 2013 @ 7:11 am By Grand Rapids Business Journal  |  

Although many aspects of crowdfunding regulation are still pending federal approval, the developing social fundraising system can offer growth opportunities for startups. Crowdfunding was the main topic recently for the Western Michigan chapter of the Association for Corporate Growth at its breakfast series, at Kent Country Club… Read More

April 10, 2013 @ 8:38 am By Xconomy  |  

… While skeptics point out there might be natural limits on how successful equity crowdfunding could be, the immediate reason for the holdup is the SEC. The JOBS Act required the commission to create the rules governing equity crowdfunding within nine months of its passage. The… Read More

March 29, 2013 @ 9:36 am By Washington Post  |  

  While start-up owners eagerly await the Securities and Exchange Commission’s regulations for crowdfunding, a handful of broker/dealers are racing to be the first to capi­tal­ize on the phenomenon.   An exemption in the Securities Act allows start-ups to conduct a version of crowdfunding today — as long… Read More