Monthly Archives: October 2013

Crowd Funding Rules Not Creative Enough ?

The NYTimes finds the SEC’s proposed crowdfunding regs to be weak and unimaginative. Noting that most professional VC investments payoff only 20% of the time and that the rules don’t prevent fraud (what rules do?), the article bemoans the lack … Continue reading

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Funding Portals Wait For Final Rules

It’s come to my attention that only approximately 40 funding portals have voluntarily filed the interim funding portal (registration) form (IFPF) with FINRA. This form is confidential. The IFPF was meant to obtain information for the FINRA staff to assist … Continue reading

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UK Crowd Funding Moves Towards US Rules

Variety is reporting that the UK has moved to tighten its debt and equity crowdfunding rules to be more in line with the recent SEC proposed regulations. Equity securities ” will only be able to be offered to clients who: … Continue reading

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FINRA Proposed Regs Require Expertise

FINRA has issued new proposed rules for non-broker/dealer funding portals. Those entities must become FINRA members in order to list security selling crowd funding issuers. The good news is that ¬†applications will generally be processed within 60 days after FINRA … Continue reading

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Crowd Funding Regs Hold Some Surprises

Upon review of the SEC’s proposed crowd funding regulations released this week, I found a number if items that could be problematic for companies that thought they would have a relatively easy time raising funds using the new Section 4(a)(6) … 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, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Ready Made Crowd Funded Portfolios

Angel List, a crowdfunding site for accredited investors, is now permitting investors to invest in a number of startups for one contribution. Certain Silicon Valley incubators (“accelerators”) are raising money on the site for a “class” of companies that they … 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, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

FINRA Releases Proposed Funding Portal Rules

FINRA released proposed new funding portal rules for non-broker/dealer websites that want to offer crowd funding deals under the proposed SEC crowd funding rules that were issued yesterday. The rules cover applications for FINRA membership, changes in control, the requirement … 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, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

SEC Crowd Funding Rule Proposed – Blog Posts From Meeting

Real time blog (earliest entry at the bottom) of the SEC’s historic meeting to approve proposed rules to permit crowd funding under the JOBS Act: *Commissioners have no questions on the Crowd Funding rule. They voted unanimously to publish the … 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, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

More Pressure on The SEC to Issue Crowd Funding Rules

Yesterday,¬†Senator Jeff Merkley (D-OR) issued a press release stating that he and a group of 7 bipartisan Senators are urging the SEC to quickly issue rules governing crowdfunding activities. Merkley was a lead sponsor on the CROWDFUND Act, which was … 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, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

SEC To Consider Crowd Funding Rules Tomorrow

The SEC today posted a notice of an Open Meeting for tomorrow (October 23, 2013) to consider whether to propose rules and forms related to the offer and sale of securities through crowdfunding pursuant to Section 4(a)(6) of the Securities … 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, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment