Tag Archives: FDIC

Facebook Bans Initial Coin Offering Ads

The fraud allegations for Initial Coin Offerings have gotten so bad that even Facebook, the platform for Russian electioneering, has decided to ” ban ads on its site for products including coin offerings and cryptocurrencies because they are “frequently associated … Continue reading

Posted in accredited investor, balance, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, fraud, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Big Banks Really Did Abandon Small Business

So, we weren’t imaging it. The Wall Street Journal reports that the 10 largest banks providing loans of $1 Milllion or more (ie, small business loans) cut their lending by 38% from 2006 to 2014. This has opened the door … Continue reading

Posted in Banking, Banks, CFPB, Consumer Financial Protection Bureau, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Department of the Treasury, Dodd Frank, Film, Funding Portals, Jobs, SEC, Small Business, Uncategorized, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

House Finance Committee Passes 11 JOBS Act Related Bills

The U. S. House of Representatives Financial Services Committee passed 11 bills late last week “to enhance capital formation for small and emerging growth companies and provide regulatory relief for community financial institutions.” The Committee’s website summarizes the bills as … Continue reading

Posted in Broker dealers, 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, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Banks Restrict Employee Participation in Crowdfunding

Crowdfunding is now causing issues at the money center banks as Wells Fargo’s ethics office has banned employees from participating in peer-to-peer lending. WF’s rationale is that such lending may lead to a conflict of interest as it is a … Continue reading

Posted in Banking, Broker dealers, 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, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

In The Best of All Possible Worlds

The Crowd Fund Act may be the best of all  possible worlds for small but mature companies looking to raise cash but not wanting to be “public.” The Wall Street Journal reports today that in accordance with the JOBS Act, … Continue reading

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