Tag Archives: oversight

Crowdfunding Site Sued For Complicity In Harassment

Subscription crowdfunding portal Patreon is being sued for $20 million for failing to enforce its terms of service. George Ouzounian, whose internet name is “Maddox,” and Jane Doe, a woman thought to be his former girlfriend, claim that a former … Continue reading

Posted in accredited investor, balance, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, fraud, Funding Portals, Investments, Jobs, Legislative Intent, Small Business, technology | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Cynical Crowdfunding or Good Marketing?

Want to sell more products? Get behind a public policy issue and set up a crowdfunding site so donors can buy your stuff for a cause. That’s what Wolfcom Body Cameras has done. Working off the outcry for fair policing, … Continue reading

Posted in accredited investor, Charity, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, fine, fraud, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

When You’re Independent You Make Your Own Timing

When you’re an independent agency, you’re INDEPENDENT. Mary Jo White, Chairman of the Securities and Exchange Commission, testified today before the House of Representatives Committee on Financial Services stating that although the SEC was to have crowdfunding regulations finished by … Continue reading

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Crowdfunding Helping Battered Ferguson, MO Businesses

Crowdfunding is helping Ferguson, Missouri businesses damaged in the post-police-shooting rioting. However, the returns are highly uneven among the companies seeking assistance, and there is no oversight with respect to how the money is being spent. Even the Missouri Secretary … Continue reading

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Congress Moves to “Enhance” Crowdfunding

Be careful what you wish for… Congress is actually doing something these days. No less than 15 financial bills were marked up in the House Committee on Financial Services yesterday, including: The Restricted Securities Relief Act, Small Business Freedom and … 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

SEC Asks For Money to Enforce Crowd Fund Act

In its 2015 budget request to Congress, SEC has asked for money to enforce the Crowd Fund Act: “The SEC is implementing the Jumpstart Our Business Startups (JOBS) Act, which includes a new rule that allows for broader solicitation of certain types … 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, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Rep. McHenry/Industry Find Crowdfunding Regs Onerous

Since a recent study showed that it could cost up to $39,000 to  raise $100,000 under the SEC’s proposed crowdfunding regulations, many in the industry have commented both to the Securities and Exchange Commission and publicly regarding their view that … 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, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment