Tagged: regulations

July 15, 2014 @ 8:28 am By Georgia Quinn & Anthony Zeoli  |  

With the Securities and Exchange Commission (SEC) dragging its feet on enacting Regulation CF pursuant to Title III of the JOBS Act, many states are taking action and passing their own intrastate crowdfunding exemptions. While these only pertain to businesses and investors within a particular… Read More

July 14, 2014 @ 7:00 pm By JD Alois  |  

  According to a release by the CrowdfundingCentre, a briefing and submission to Ministers handed to Treasury officials documents how the FCA (Financial Conduct Authority) is abusing legislation created before the social web existed to gag its use with equity crowdfunding. The report states the… Read More

July 2, 2014 @ 12:25 pm By Samantha Hurst  |  

Earlier this year, the Securities Board of the State of Texas had proposed rules on intrastate crowdfunding As previously reported, the new legislation will go into effect next month and as with other state investment crowdfunding laws, the intent is to facilitate capital to small… Read More

June 30, 2014 @ 7:14 pm By JD Alois  |  

The Office of Investor Advocate (IA), a new role mandated by Dodd-Frank, has submitted its inaugural report to Congress.  In February of this year, SEC Chair Mary Jo White appointed Rick A. Fleming as the first Investor Advocate for the SEC. Fleming, a well known… Read More

June 28, 2014 @ 12:30 pm By JD Alois  |  

Several members of congress (20 to be exact out of 435) submitted a comment letter to the SEC earlier this month that attacked the proposal to preempt blue sky review at the state level.  The letter takes the position that it was not the intent… Read More

June 28, 2014 @ 9:38 am By JD Alois  |  

The Securities and Exchange Commission has created an Investor Advisory Committee (IAC), as mandated by Dodd-Frank, to advise the SEC on regulatory practices and priorities.  You would think the SEC would get tired of all of these outside advisors but that is the world of… Read More

June 27, 2014 @ 9:01 pm By JD Alois  |  

Last fall – way back in November 2013 – the SEC held their annual gathering of minds to discuss the challenges of small business capital formation.  The meeting was mandated by law under the “Small Business Incentive Act of 1980”.  This was their 32nd forum… Read More

June 23, 2014 @ 10:38 am By JD Alois  |  

The Securities and Exchange Board of India (SEBI) has issued a consultation paper  on crowdfunding.  The release was widely expected as India moves forward to regulate investment crowdfunding – similar to a growing number of countries around the world.  Comments on the paper are being… Read More

June 20, 2014 @ 9:41 am By JD Alois  |  

The bill that legalizes equity crowdfunding in the state of California continues to push forward.  On May 19th the proposed legislation passed the California Assembly unanimously and moved to the Senate.  This past Wednesday the bill was approved by the Senate Business Professional and Economic… Read More

June 19, 2014 @ 11:02 am By Anthony Zeoli  |  

Few words or phrases have the ability to affect the U.S. economy like the term “accredited investor.” Whether you know it or not, these two little words control $800 billion of private investment in the United Stated today. The standards for qualifying as an accredited… Read More

June 18, 2014 @ 6:23 pm By Samantha Hurst  |  

While the Irish government continues to have no plans to regulate the funding method option at this time, the country’s financial services regulator Central Bank of Ireland has issued a consumer notice about crowdfunding and peer-to-peer lending options. The Central Bank stated that since crowdfunding regulations… Read More

June 14, 2014 @ 8:30 am By JD Alois  |  

Last week during a quick trip to New York City, SEC Chair Mary Jo White addressed the Sandler O’Neill & Partners, L.P. Global Exchange and Brokerage Conference. The title of her speech was “Enhancing Our Equity Market Structure” – a noble subject to be certain.  The… Read More

June 10, 2014 @ 5:14 pm By JD Alois  |  

The infographic below comes from VerifyInvestor – a company that is in the space of verifying accredited investors who may participate in private placements. As part of Title II of the JOBS Act there are verification requirements to participate (you just can’t promise to be… Read More

June 7, 2014 @ 6:52 pm By JD Alois  |  

Congressman Patrick McHenry, one of the investment crowdfunding industry’s most resolute champions, was recently interviewed during a trip to Boston where he was apparently rallying troops and gathering feedback on crowdfunding legislation.  McHenry has always viewed retail crowdfunding as way to democratize access to capital:… Read More

June 6, 2014 @ 8:37 am By Barry James  |  

Crowdfunding Sees Growing Regulatory Support. “We are now looking for areas where the system itself needs to adapt to new technology or broader change – rather than the other way round. We want to ensure that positive developments, the ones that promise to improve the lives of… Read More

June 5, 2014 @ 12:52 pm By JD Alois  |  

The Finnish Ministry of Finance has published a report addressing the emerging crowdfunding industry and it’s impact on Finland. The document was authored by Aki Kallio and Vatteri Vento at the Ministry.  The report includes a small, high level survey from respondents involved in the… Read More

June 5, 2014 @ 11:30 am By Ludwine Dekker  |  

Last February Europe, Fleur Pellerin, the former minister of SME’s & Digital Economy, introduced a first draft that outlines a separate legal status for crowdfunding platforms in France. Though France was and still is lagging within the crowdfunding industry in terms of volume and entrepreneurial… Read More

June 2, 2014 @ 9:02 am By JD Alois  |  

Michigan has been one of the states at the forefront of allowing intrastate investment crowdfunding to occur as Title III retail crowdfunding remains in a regulatory holding pattern.  The state has found capable champions in the legislature and within the business community making crowdfunding a… Read More

May 27, 2014 @ 10:17 am By JD Alois  |  

The Australian Small Scale Offerings Board, otherwise known as ASSOB, has been a recognized trailblazer of sorts in the investment crowdfunding world.  The platform has raised over $138 million for more than 300 small companies over the past few years.  ASSOB has been an oft… Read More

May 27, 2014 @ 8:15 am By Richard Swart  |  

After more than two years of waiting, the news from Capitol Hill is not good.  The JOBS Act was a political compromise passed by Congress in 2012 due to several layered political agendas. Unfortunately, the provisions of the JOBS act, as enacted in Title III,… Read More