Monthly Archives: June 2012

SEC On Time for Crowd Funding Rules (So Far)

The Wall Street Journal reported yesterday that the SEC is on track to have the crowd funding rules written by the end of 2012. “Ms. Schapiro said she expects the SEC to meet a deadline at the end of the … Continue reading

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You’re On Your Own, Bucky

Crowd funders are told “caveat emptor” by Kickstarter, that has said that it can’t and won’t protect project backers if they are defrauded by a project. The internet site says that they are just a “platform” not a business and … Continue reading

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We’re Still Relevant!

The North American Securities Administrators Association (state securities regulators), after issuing its advisory to the (unsuspecting) investing public, has now put the business community on notice that it will be watching their crowd funding activities closely. They say in their … Continue reading

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Congressional Oversight of the Crowd

The House Committee on Oversight and Government Reform, Subcommittee on TARP, Financial Services and Bailout of Public and Private Programs, held a hearing on June 26, 2012 on `The JOBS Act in Action: Overseeing Effective Implementation That Can Grow American … Continue reading

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Better Than Sliced Bread

Crowd funding hyperbole is just beginning. In a blog today that runs in Forbes, it is suggested that venture capitalism is dying and that crowd funding will supplant it as a source of capital to all (deserving?) small enterprises. But, … Continue reading

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Don’t Ask for the Impossible…

The crowd funding comments on the SEC website have asked the SEC repeatedly to change what is in the Crowd Fund Act of 2012. The SEC is subject to the statutory mandate of what Congress passed, so it is not … Continue reading

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Central Investor Database for Crowd Funding?

At a meeting with the SEC in June, some in attendance thought that the SEC might be backing the idea of creating a safe harbor for funding portals if they use a central investor database to check on whether the … Continue reading

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