Monthly Archives: July 2013

Congressional Pushback on Ad Rule Proposals

The Chairman of the House Subcommittee on Oversight and Investigations, Rep. Patrick McHenry (R-NC) and Scott Garrett, Chairman of the House Subcommittee on Capital Markets and Government Sponsored Entities (R-NJ) recently sent a letter to Mary Jo White, the Chairman … Continue reading

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First Crowdfunded Movie Finds Love in Hollywood

Even though the Warner Bros. Studios campaign to crowdfund the movie Veronica Mars made headlines earlier this year with its huge haul, the first old Hollywood hand to successfully crowdfund his film is writer-director Paul Schrader. (See his arm-long list … Continue reading

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Crowdfunding Cops Coming

When internet advertising for private placements goes into effect, Massachusetts will be ready with its new crowdfunding cops. The State’s Internet Crowdfunding and Offerings Watch Department, or I-Crowd, a part of the MA Commonwealth Secretary’s office will track how issuers … Continue reading

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You Believe Me, Don’t You?

The regulatory trade-off made by the SEC in permitting issuers to advertise a private placement was to have them take reasonable steps to verify that the purchasers are, in fact, “accredited investors.” In today’s Wall Street Journal, an op-ed writer … Continue reading

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When You Can Advertise

As noted here previously, the SEC amended Rule 506 to permit an issuer to engage in general solicitation or general advertising in offering and selling securities pursuant to Rule 506, provided that all purchasers of the securities are accredited investors … 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

Hollywood’s In Love With Crowd Funding

Hollywood’s newest love is Kickstarter. Spike Lee just opened his KS campaign for his new project about “Human Beings dealing with each other on a Human Level.” It’s a vampire movie. No joke. Although he says he’s not taking a … Continue reading

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States Are Hip to Crowdfunding

The state revenue departments have started trolling Kickstarter. Serellan LLC, an indie video game developer based in Seattle, Washington, and the publisher of “Takedown,” a special ops game, received a letter from the Washington Department of Revenue that noted the … Continue reading

Posted in Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Film, Funding Portals, Investments, Jobs, Legislative Intent, Small Business, States, Tax | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment