Tag Archives: private offering

Telegram Avoids An Initial Coin Offering

Telegram, the encrypted messaging app now banned in Russia and Iran, announced that it was abandoning its plans for a public Initial Coin Offering since it was able to raise $1.7 Billion from fewer than 200 private investors. Some think … Continue reading

Posted in accredited investor, balance, Banks, CFTC, checkbook, 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

CFTC Settlement Provide for “Bad Boy” Exemptions

It pays to have smart lawyers. Money center banks who have found themselves as the subject of disciplinary orders from the Commodities Futures Trading Commission have settled cases with the inclusion of exemption language that provides them an automatic exemption … Continue reading

Posted in Banking, Banks, CFTC, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, Funding Portals, Investments, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Open Season for Private Placement Ads Begins

The ban on advertising and generally soliciting investors for private placements ends today. Under the amendments to Rule 506, companies can now advertise online, in print and even on television. If done, they must then take reasonable steps to verify … 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, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Facebook Offers a Powerful Crowdfunding Platform

Loyal3 Holdings, a San Francisco social media firm that is also a broker dealer, is using Facebook as a platform to sell stock in the initial public offering of Luxembourg based Globant SA. Investors who have Loyal3 accounts will be … 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, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Sen. Levin Not Happy

Sen. Levin (D-MI) expressed his disappointment with the proposed rule adopted by the SEC last week to permit advertising for Rule 506 offerings in an open letter to Chairman Schapiro. He wants the SEC to amend the rule so that … Continue reading

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

Should a Funding Portal be Held to a Lower Standard?

Since the Crowd Fund Act requires that funding portals register with a self regulatory organization (such as FINRA), will the portals be held to the standards set for broker/dealers, such as, among others, the obligation to conduct a “reasonable investigation” … Continue reading

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