Monthly Archives: January 2013

Rumor Central:

The Obama Administration is floating former federal prosecutor Mary Jo White as the possible head of the SEC. Her views on crowd funding are unknown at this time. http://lnkd.in/DvWqca Advertisements

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Film, Funding Portals, Investments, Jobs, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfund Me a New Car

Do you deserve a new car bought for you by your friends and family? If so, you can register for a new Dodge Dart* and let the crowd put you in a fancy new ride. Cost? Only 9% of the … Continue reading

Posted in Charity, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Legislative Intent, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Fraud

“Send Yo Money!” and other of the now over 9,000 crowd funding websites are drawing increasing scrutiny from state securities regulators who are currently prosecuting crowd funding fraud even though crowd funding is not yet legal under the Crowd Fund … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Sundance Premieres Crowd Funded Films

The Sundance Film Festival opens today and 16 Kickstarter crowd funded films have been selected for the official program. Together, they raised $380,460, with an average raise of $23,779, high raise being $83,392, low raise $5,032. Included in the selections … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, SEC, Tax, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Fraud Insurance

There has been a proposal made to provide private insurance for the benefit of all crowd funding investors in the event of fraud perpetrated by the issuer. This would be an added cost (perhaps 2.5% to 5% of the face … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Say What You Mean

Language is important. Especially when you’re asking people for money. Recently, a blogger on the video game review website Kotaku criticized the followup Kickstarter campaign by game developer American McGee who was asking for $200,000 to “finish what they started” … Continue reading

Posted in Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Law of Unintended Consequences

The Ohio Securities Division has warned of the potential “domino effect” in a crowd funded offering under the Crowd Fund Act. For example, if an issuer sells to an investor who has “over-invested,” every sale by the issuer is tainted … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, States, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment