Unintended Spawn of the CFA

As noted, the crowd funding portion of the JOBS Act appears to be creating a new brand industry that will support the capital raising concept of the Crowd Fund Act. Even before it has become legal, the CFA has spawned new businesses that do educational and networking conferences, background checks, due diligence, post-offering promise fulfillment, white label crowd funding portal provision,  escrow and transfer agent services, funding portal ranking services, a panoply of bloggers and, of course, funding portals. If this is an unintended consequence of the CFA, perhaps it’s a good one.

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, Jobs, Legislative Intent, SEC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , . Bookmark the permalink.

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