How To Become A Crowdfunding Portal

FINRA’s Funding Portal Rules became effective on January 29, 2016, which aligns with the effective date of the SEC’s registration rules under Regulation Crowdfunding.

After receipt of the application:

  • FINRA will conduct a preliminary review of the application,
  • evaluate it against admission standards,
  • ask for amendments if necessary,
  • interview the applicant, and
  • issues a decision (which may be appealed),

all within about 60 days.

The application fee is $2,700 and you must submit your fingerprints to be run by the FBI.
http://www.finra.org/industry/notices/16-06

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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 accredited investor, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, SEC, Small Business, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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