Tag Archives: escrow

Bank Kills Crowdfunding Effort

With the new Securities and Exchange Commission crowdfunding rules just effective, NextRX, a cannabis-related software firm began a fundraising campaign through StartEngine Crowdfunding in Los Angeles. Two days later, the web portal pulled the plug on the campaign. The SEC’s … Continue reading

Posted in accredited investor, Banking, Banks, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Department of the Treasury, Dodd Frank, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, States, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

FINRA To Meet To Consider Funding Portal Rules

The broker dealer regulator, FINRA,  will consider a proposal to solicit comment via Regulatory Notice on proposed rules and related forms governing funding portals pursuant to Title III (the Crowd Fund Act) of the JOBS Act. FINRA previously requested that … 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

Crowdfunding Infographic

New crowdfunding infographic states that equity based crowdfunding raised the most funds per project in 2012 compared to donation or rewards based crowdfunding projects. But rewards based crowdfunding has seen the largest growth and has the largest market share in … Continue reading

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

No SIPC If the Funding Portal Crashes

The Securities Investor Protection Corporation works to return customers’ cash, stock and other customer property when a brokerage is closed due to bankruptcy or other financial difficulties and customer assets are missing. However, since SIPC members are registered brokers or … Continue reading

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

Unintended Spawn of the CFA

As noted, the crowd funding portion of the JOBS Act appears to be creating a new brand industry that will support the capital raising concept of the Crowd Fund Act. Even before it has become legal, the CFA has spawned … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, Jobs, Legislative Intent, SEC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , | Leave a comment