Tagged: regulations

May 16, 2014 @ 8:30 am By Tom Sharbaugh  |  

The new crowdfunding provisions in the “Jumpstart Our Business Startups Act of 2012” (which is often referred to as the “JOBS Act of 2012”) have received a lot of attention: Title III of the Act exempts certain crowdfundings from the registration requirements of the federal… Read More

May 14, 2014 @ 8:04 am By JD Alois  |  

The Spanish government has admitted their mistake in capping amounts investors may contribute to crowdfunding campaigns.  The law originally place a  € 3000 limit per project or a  €6000 limit per year for all investors.  Now “professional” or accredited investors with an annual income of  €100,000 or more… Read More

May 13, 2014 @ 9:47 am By Georgia Quinn  |  

United Kingdom & the United States See Incredible Growth in Peer to Peer Lending Industry. With all of the hype around equity crowdfunding the silent counterpart of peer-to-peer lending has been quietly growing into a significant and disruptive industry. In fact, some industry followers expect… Read More

May 13, 2014 @ 7:15 am By JD Alois  |  

It is being reported that the Financial Conduct Authority (FCA) in the United Kingdom is going to offer clarification  regarding the difference between “online guidance services” and regulated investment advice.  The report from the FCA is expected to be published next month.  The forthcoming report… Read More

May 10, 2014 @ 9:23 am By JD Alois  |  

The Crowdfund Intermediary Regulatory Advocates (CFIRA) recently posted a comment letter on the SEC web site regarding JOBS Act implementation.  The comment letter was in direct response to the recommendations provided by the Investor Advisory Committee (IAC) who recently met – reviewing their requests for… Read More

May 8, 2014 @ 9:00 am By Ludwine Dekker  |  

Crowdfunding is hopelessly dependent on traditional funding sectors to educate a new generation of investors and fully develop the industry. The alternative funding industry values its’ own innovative and somewhat ‘rebellious’ character – two characteristics the traditional financial industry isn’t well known for. On top… Read More

May 6, 2014 @ 8:30 am By Joe Wallin  |  

The state of Washington recently passed its own intrastate equity crowdfunding law.  Washington is following a growing number of states that have recognized the benefits to streamlining the capital formation process for small businesses and startups – something the JOBS Act was supposed to achieve… Read More

May 5, 2014 @ 7:30 am By Samuel Guzik  |  

For those of you who were too busy to notice, U.S. Congressman Patrick McHenry introduced three draft bills into the House Financial Services Committee last week.  One of them, if it were to become law, would open up the U.S. equity crowdfunding world in ways… Read More

May 3, 2014 @ 2:14 pm By JD Alois  |  

Below is a comprehensive presentation delivered by Brian Koscak, a partner at the law firm of Cassels Brock & Blackwell.  Brian is also the co-chair of the Equity Crowdfunding Alliance of Canada (ECFA Canada) – a representative group for the emerging industry of equity crowdfunding…. Read More

April 28, 2014 @ 8:00 am By Samuel S. Guzik, The Crowdfunding Counselor  |  

Since the 1930’s Regulation A has been unremarkable as a little known and little used “exemption” from the full SEC registration process – intended to allow smaller companies to access public markets through a streamlined SEC registration process – with “reviewed” financial statements and no… Read More

April 27, 2014 @ 10:15 am By Samantha Hurst  |  

Hoping to re-shape crowdfunding, the Startup Stock Exchanged announced it has successfully evolved the concept of the fundraising method by combining the social aprects of it with the security, liquidity and control of a regulated securities exchange. The Startup Stock Exchange regulates marketplaces and allows… Read More

April 25, 2014 @ 4:32 pm By Barry James  |  

Puzzling, is it not, that two of the world’s leading exponents can have such different perspectives on equity crowdfunding as Crowdcube and Seedrs. Similarly people often inquire about my own views and that of The Social Foundation – which seem to be almost polar opposites… Read More

April 16, 2014 @ 8:51 pm By Georgia Quinn  |  

Seedrs set the record straight today stating that they “believe the rules the FCA adopted strike an effective balance” and were acceptable. The Seedrs post titled “Welcoming the New FCA Crowdfunding Rules“, states that in addition to being the first UK regulated crowdfunding platform, as… Read More

April 16, 2014 @ 9:31 am By JD Alois  |  

Equity crowdfunding platform Crowdcube has  been supportive of the new Financial Conduct Authority’s (FCA) regulatory approach to crowdfunding.  There is a fine line to walk in applying regulations to a new, emerging industry.  Any student of the political process will be able to site examples… Read More

April 3, 2014 @ 3:14 pm By JD Alois  |  

Here is a great infographic on the status of equity crowdfunding in Canada.  This is courtesy of Oscar Jofre, CEO and Founder of BoardSuite & Co-Chair of the ECFA Canada. On March 20, 2014, there was a country wide announcement by Canadian regulators regarding proposed… Read More

April 3, 2014 @ 9:30 am By Ludwine Dekker  |  

As the U.S. is making major efforts to implement the JOBS Act, the European Union seems to be only capable of analyzing the developments, as J.D. Alois’ article “EC Releases Communication on Long Term Financing Including Crowdfunding” shows. The most important conclusion was that the… Read More

March 31, 2014 @ 11:24 am By JD Alois  |  

The European Crowdfunding Network (ECN), has shared their thoughts on the recently released communication by the European Commission (EC) on crowdfunding. Last week the EC released several documents and statements pertaining to a “consultation” on the innovative new form of capital formation.  They garnered comments… Read More

March 31, 2014 @ 8:00 am By Georgia Quinn  |  

Fresh from my trip across the pond, I can tell you I have seen the light. Crowdfunding can and is working and we (the United States) are behind the eight ball on this one. When describing the US regulatory regime to crowdfunding professionals in the… Read More

March 24, 2014 @ 6:35 pm By JD Alois  |  

Comments on proposed rules regarding Title IV of the JOBS Act are due today pursuant to the deadline set by the SEC.  Traditionally public comments continue to be posted on proposed rule amendments after the deadline, it is understood the door for comments will be… Read More

March 24, 2014 @ 10:36 am By JD Alois  |  

The Crowdfund Intermediary Regulatory Advocates (CFIRA) hosted an educational session on crowdfunding last week (March 20) where they addressed the topic of General Solicitation (Advertising) for 506(c) private placements.  The panel discussion included a slide show plus several crowdfunding luminaries including: Sarah Hanks – CrowdCheck… Read More