Tag Archives: SEC. Securities and Exchange Commission

Washington State Sues Crowdfunder

Washington State’s Attorney General filed a lawsuit against a crowdfunder who raised over $25,000 from 810 backers on Kickstarter and failed to deliver the promised product for more than 16 months. The AG calls this “crowdfunding theft.” In other words, … Continue reading

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Crowdfunding With Bitcoins – Multiple Tax Bites?

Let’s say you bought a Bitcoin for $200 a few months ago and then used it to buy some shares on Angel List today at its current value $448.60 (according to ¬†http://preev.com/). Here’s the problem. That transaction may have resulted … Continue reading

Posted in Banking, 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

Picking a Crowdfunding Portal

Here’s a way to determine which crowdfunding platform or funding portal you may want to use. Once a website is determined, go to http://www.alexa.com and type in the portal’s name. Alexa will then give you important statistics, including: how popular … Continue reading

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

Backend “Crowd Funding” – Pay As You Wish

Fifth Column Features, a new production and distribution company, has recently launched what could be called a “backend” crowd funding site.* There, film buffs can “pay what they wish” to view an indie film. The founders say that this model … Continue reading

Posted in Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Jobs, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

No Refunds, But….

Last week the video gaming industry was shocked by the freezing of LabZero’s Indiegogo crowd funded cash by PayPal. Apparently, LabZero held a vote on what characters to create with its crowdfunded money ($829,049 on a target of $150,000 from … Continue reading

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

Back At You, Congress!

The SEC noted that the sequester will not result in staff layoffs, but the SEC’s Inspector General could not say whether there might be a delay in the publishing of crowdfunding regulations due to Congressional indecision. However, an SEC spokesman … Continue reading

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

Watch Out For “Stupid” Investors

There’s been a lot of talk about “curating” issuers on funding portal sites. But what about curating investors? An article in IndieWire suggests that crowd funders should be wary of “stupid” investors. Those are apparently the unsophisticated types who think … 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, Legislative Intent, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , | Leave a comment