Monthly Archives: April 2013

Crowdfunding Rules Still Being Baked

Sometimes you can estimate the status of a situation by analyzing questions asked. In a meeting on April 15th with NACHA, the Electronics Payments Association, the staff of the SEC noted that  crowd funding industry participants often rely on electronic payment … Continue reading

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Hijacking Crowd Funding or Sour Grapes?

Who is more at fault for success? Crazy question, but it’s being asked by the “creative class” who are upset that Hollywood stars are “hijacking” Kickstarter to finance their feature film (vanity) projects. In the opinion piece attached, Zach Braff … Continue reading

Posted in Charity, 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, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

No Refunds, But….

Last week the video gaming industry was shocked by the freezing of LabZero’s Indiegogo crowd funded cash by PayPal. Apparently, LabZero held a vote on what characters to create with its crowdfunded money ($829,049 on a target of $150,000 from … Continue reading

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

Bill Clinton Endorses Crowd Funding for Film

Variety reports that “Speaking at an MPAA, Microsoft and Time event called the Creativity Conference Friday, former President Bill Clinton talked up crowdfunding as a potentially important avenue for filmmakers and others to “make more messages that we want to … Continue reading

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

SEC Being Vigilant About JOBS Act Violators

The Securities and Exchange Commission today announced fraud charges against a Spokane Valley, WA, company and its owner for misleading investors by telling them   that the JOBS Act would enable him to raise billions of dollars by advertising the … Continue reading

Posted in 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

Crowdfunding Tax Differences

The difference between raising equity capital under the new Crowd Fund Act (once the regulations have been finalized by the SEC) and raising funds using Kickstarter has substantial tax consequences. On Kickstarter, the “issuer” is actually pre-selling a product (a … 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, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowd Funding Backlash

The Twitter world has erupted against TV star Zach Braff’s Kickstarter campaign with complaints that millionaires should not be asking those less fortunate to finance their vanity projects. Nevertheless, as of this morning, the one day total is up to … Continue reading

Posted in 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, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment