Tagged: title III

May 1, 2014 @ 11:08 am By JD Alois  |  

Embedded below is the prepared testimony provided by Seedrs CEO Jeff Lynn delivered to the House Subcommittee on Capital Markets and Government Sponsored Enterprises. Lynn effectively calls retail crowdfunding, as legislated in Title III of the JOBS Act, dead on arrival: He stated: I have come… Read More

May 1, 2014 @ 9:57 am By JD Alois  |  

On May 1, 2014 the Subcommittee on Capital Markets and Government Sponsored Entreprises held a hearing entitled “Legislative Proposals to Enhance Capital Formation for Small and Emerging Growth Companies, Part II”.  The witness list included several well known participants from the crowdfunding industry including: Mr…. Read More

May 1, 2014 @ 9:35 am By JD Alois  |  

Embedded below is the draft legislation submitted by Congressman Patrick McHenry to repeal Title III of the JOBS Act and fix what has been deemed a flawed bill.  Title III is the portion of the JOBS Act that deals with retail equity crowdfunding. In brief… Read More

April 15, 2014 @ 12:37 pm By JD Alois  |  

In a speech delivered today, entitled “The Future of Capital Formation“, Craig M. Lewis, Chief Economist and Director of Economic and Risk Analysis at the SEC, addresses the JOBS Act and specifically the various exemptions that allow investment crowdfunding.  Specifically Title II – with general… Read More

April 8, 2014 @ 7:02 pm By JD Alois  |  

In a double header day, SEC Commissioner Kara M. Stein also addressed the North American Securities Administrators Association (NASAA) at their 2014 Public Policy conference in Washington, DC. Introduced by NASAA President Andrea Seidt from Ohio, Commissioner Stein dove right in to addressing the pressing… Read More

April 2, 2014 @ 7:59 pm By JD Alois  |  

In a posting on the Wisconsin Angel Network, the statement was made that a $1 million crowdfunding raise could cost $200,000 to complete.  Not very exciting for small companies looking to raise capital, nor the investors who are interested in funding startups.  Of course we… Read More

March 20, 2014 @ 10:26 am By JD Alois  |  

In the keynote address delivered today in London to the Annual Institute on Securities Regulation in Europe, Keith Higgins, Director, Division of Corporate Finance at the SEC, talked JOBS Act and crowdfunding. The speech titled The New World of Capital Formation jumped right into the… Read More

March 10, 2014 @ 11:27 am By Samuel S. Guzik, The Crowdfunding Counselor  |  

Title III of the JOBS Act created an exemption from registration for the offer and sale of so-called “crowdfunded” securities under the Securities Act of 1933, allowing the offer and sale of securities to an unlimited number of unaccredited investors without registration with the SEC,… Read More

March 7, 2014 @ 3:49 pm By JD Alois  |  

Interview with iCrowd Co-Founder and CEO Brad McGee. iCrowd, an equity crowdfunding platform, wants to create a platform that provides “capitalism for the rest of us”.  The portal is preparing for the advent of Title III of the JOBS Act to kick in – otherwise known as… Read More

February 27, 2014 @ 4:55 pm By Kiran Lingam  |  

There has been a lot of uproar about new rules requiring additional steps to verify accredited investor status (i.e. checking tax returns) as a condition to using the new 506(c) rules permitting general solicitation. The real problem here is that the definition of accredited investor is out of… Read More

February 27, 2014 @ 7:01 am By Kim Wales  |  

Now that we have seen what real turbulence is with the financial crisis of 2008, fear and panic are drivers of economic behavior. Strengthening the financial markets for America’s small businesses and closing the wealth gap amongst the crowd is a must. Now is not… Read More

February 11, 2014 @ 9:17 am By Georgia Quinn  |  

While the commenting period officially ended this past week, letters with recommendations on Title III crowdfunding or Regulation CF continue to be posted on the SEC web site.  The letter from global law firm Seyfarth Shaw was posted yesterday   The approach is simple, limit it… Read More

February 3, 2014 @ 9:57 am By JD Alois  |  

Title III of the JOBS Act is the portion of the legislation which has become emblematic for the concept of “crowdfunding”.  This section of the act guides “retail” crowdfunding or the ability of non-accredited investors to participate in crowdfunded public offerings of up to $1… Read More

January 31, 2014 @ 3:32 am By Mary Juetten  |  

If you are an entrepreneur with an opinion on crowdfunding, please take note – Monday, February 3rd, 2014 is a very important day for you. Public comments on the proposed rules for securities crowdfunding under the Jumpstart Our Business Startups (JOBS) Act are due to… Read More

January 30, 2014 @ 8:00 am By Georgia Quinn  |  

Dos and Don’ts of General Solicitation and the Use of Social Media in Debt/Equity-Based Crowdfunding Online crowdfunding used to raise capital through the sale of debt and equity interests in companies has opened a new and much needed financing method for small and startup businesses…. Read More

January 29, 2014 @ 8:23 am By JD Alois  |  

SeedInvest, an equity crowdfunding platform that is currently operating as an accredited investor site, recently submitted two comment letters to the Securities and Exchange Commission (SEC).  The documents were posted to the section regarding proposed rules regarding the JOBS Act, Title III commonly referred to… Read More

January 22, 2014 @ 12:23 pm By Kiran Lingam  |  

Since the proposed crowdfunding rules were released on October 23, 2013, the top concern for many in the industry has been that the costs of compliance would make crowdfunding too expensive to be useful. Our Crowdfunding Cost Model further backed up this concern, indicating that… Read More

January 22, 2014 @ 1:08 am By Samuel S. Guzik, The Crowdfunding Counselor  |  

December 18, 2013 may well mark an historic turning point in the ability of small business to effectively access capital in the private and public markets under the federal securities regulatory framework.

January 17, 2014 @ 10:06 am By Georgia Quinn  |  

Office of Advocacy Invokes Act That Requires SEC to Consider Impact on Small Business. If first you don’t succeed… In a brief but much needed comment letter, dated January 16, 2014, the Office of Advocacy (Advocacy) of the Small Business Administration (SBA) asked the Securities… Read More

January 15, 2014 @ 4:00 pm By JD Alois  |  

Entrepreneur and crowdfunding industry thought leader Kim Wales has outlined her views on Title III  of the Jumpstart Our Business Startups Act of 2102 which covers “popular” crowdfunding (sometimes called Reg CF).  The comment period for the SEC on the proposed regulations are scheduled to end next month on… Read More