Tagged: regulations

November 19, 2015 @ 11:19 pm By Spencer Li  |  

When the State Council of China issued its guidelines for the internet finance industry in July, the single most talked about guideline among platform operators is the government’s encouragement of banks to provide custodian services for investor funds used for platform transactions. Many have interpreted… Read More

November 18, 2015 @ 2:40 pm By JD Alois  |  

The final rules for Title III of the JOBS Act that legalize a new securities exemption allowing retail investors to participate in equity crowdfunded offers has hit the pages of the Federal Register. According to the SEC, 180 days after publishing issuers may utilize the… Read More

November 17, 2015 @ 7:31 pm By JD Alois  |  

Later this week, on Thursday, the SEC Government-Business Forum on Small Business Capital Formation will take place at SEC headquarters.  An annual affair, the event has grown into a vibrant discussion regarding the challenges of SMEs to gain access to capital and the regulatory challenges… Read More

November 17, 2015 @ 4:15 pm By Samantha Hurst  |  

On Tuesday, EarlyIQ, Inc. announced the immediate availability of EarlyIQ CrowdSelect, the company’s fully hosted suite of services that enables compliance by investment intermediaries including crowdfunding platforms and broker/dealers. CrowdSelect will meet all background and investor requirements under the new Regulation Crowdfunding rules recently approved… Read More

November 17, 2015 @ 10:32 am By Midori Yoshimura  |  

  A co-founder of Funding Societies in his 20s, Reynold Wijaya is now the peer-to-peer lending company’s chief operations (Singapore) leader, and has helped bring the company’s funding to near $1.25 million. Funding Societies was among the first homegrown P2P lending companies to bring in a trustee registered with the… Read More

November 15, 2015 @ 10:38 pm By JD Alois  |  

In Australia today, start-ups and small businesses cannot practically access retail investors due to significant upfront and ongoing compliance costs and red tape. This is according to Kelly O’Dwyer, the Minister for Small Business and Assistant Treasury. O’Dwyer delivered this statement to the Financial Services… Read More

November 13, 2015 @ 4:40 pm By JD Alois  |  

New Jersey has become the latest state to sign into law legislation designed to provide access to capital for startups and entrepreneurs similar to the federal JOBS Act of 2012.  This comes less than 2 weeks after final rules were revealed for Title III of… Read More

November 13, 2015 @ 3:54 pm By JD Alois  |  

Securities Commissioner Kara Stein visited Harvard Law School last week to present as part of a guest lecture series where she discussed securities regulation and capital markets. Stein posed the important question: “…how do we continue having the highest quality markets in the world, even… Read More

November 13, 2015 @ 9:33 am By JD Alois  |  

Bondora, a peer to peer lending platform with pan-European aspirations, has shared their opinion on the regulatory environment in Europe. According to Bondora, “regulating alternative finance is a fraught issue across Europe”.  But there is an exception to this rule. The UK, and the Financial… Read More

November 9, 2015 @ 8:00 am By Nicholas Tommarello  |  

I spent a lovely weekend reading (and re-reading) all 685 pages of the final SEC rules of Title III the Jobs Act. Ah, the joy of memorizing regulations! We helped Congress pass the JOBS Act back in 2012, to help everyone — no matter how wealthy — invest as… Read More

November 8, 2015 @ 7:22 am By JD Alois  |  

Karen Mills, former Administrator of the Small Business Administration and current Senior Fellow at Harvard University, co-authored a study on credit markets and SMEs back in 2014.  She recently presented at LendIt Europe on the state of Marketplace / Peer to peer lending. While at… Read More

November 8, 2015 @ 6:30 am By JD Alois  |  

Five different Canadian provinces joined together this past week to publish the final form of Multilateral Instrument 45-108 Crowdfunding which is the prospectus exemption and registration framework for crowdfunding portals.  As expected, Ontario, Manitoba, Quebec, Nova Scotia and New Brunswick will join together to allow… Read More

November 6, 2015 @ 2:11 pm By JD Alois  |  

Investment crowdfunding platform SeedInvest has responded to proposed rules the state of Washington has hoisted up the securities regulation flag pole regarding Regulation A+.  In brief, SeedInvest wants to to “Save Regulation A”, according to a post on their blog. As enacted under Title IV… Read More

November 6, 2015 @ 1:31 pm By Anthony Zeoli  |  

  With all the excitement last week surrounding the SEC’s release of the final Title III rules implementing “Regulation Crowdfunding,” the SEC’s vote in favor of proposing amendments to the current Rule 147 to help foster Intrastate Crowdfunding amounted to little more than a side-note…. Read More

November 4, 2015 @ 2:19 pm By JD Alois  |  

Karen Mills is currently perched as a Senior Fellow at the Harvard Business School and at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School. She spends her time focusing on competitiveness, entrepreneurship and innovation – all extremely important areas of economic… Read More

November 3, 2015 @ 7:07 am By Spencer Ang Li  |  

A bit late on providing this update, but back in August, the People’s Supreme Court of China issued a new ruling on matters related to private lending in China. Private lending is defined as lending between persons or entities that are not financial institutions sanctioned… Read More

November 2, 2015 @ 8:00 am By Ryan M. Feit  |  

For most people, digesting the 686 pages of the final Title III rules over the weekend would be some sort of Tartarus-like punishment.  Yet for me, after 3 ½ years of waiting, it was the equivalent of unwrapping a present, with each sentence laying out… Read More

November 1, 2015 @ 8:47 pm By JD Alois  |  

Embedded below are proposed amendments by the Securities and Exchange Commission regarding Rule 147 and Rule 504 of Regulation D.  These are federal securities rules that impact the 29 states and District of Columbia that have enacted forms of intrastate crowdfunding. The SEC is accepting… Read More

November 1, 2015 @ 9:10 am By JD Alois  |  

  Kiran Lingam, a securities attorney and Fintech investor, previewed the SEC’s meeting on Title III equity crowdfunding last week.  In an article entitled 11 Big Questions Heading Into Tomorrow’s SEC Crowdfunding Vote, he outlined pressing issues regarding proposed rules and what it meant for issuers and… Read More

October 31, 2015 @ 4:54 pm By JD Alois  |  

The Securities and Exchange Commission has published the final rules regarding Title III of the JOBS Act that legalizes retail crowdfunding.  While the Form Funding Portal and updated Form ID will be effective January 29, 2015, these regulations will not become actionable until 180 days… Read More