Tag Archives: supervision

FINRA Shutters Crowdfunding Portal

The Financial Industry Regulatory Authority, the organization that regulates broker dealers and, now crowdfunding web portals, shut down UFP, LLC, known as UFundingPortal.com, because the portal: lacked a reasonable basis for believing that certain companies offering securities through its online … Continue reading

Posted in accredited investor, Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, FINRA, fraud, Funding Portals, Investments, Jobs, Legislative Intent, penalty, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

FINRA Takes Crowd Funding Action

The FINRA Board met yesterday authorizing the publication of a Regulatory Notice to solicit comment on proposed rules and related forms governing funding portals pursuant to Title III of the JOBS Act. The proposed rules address among other things the … 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, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

FINRA Seeks Public Comments on Crowd Funding

FINRA is soliciting comment on the scope of FINRA rules that should apply to firms engaging in crowdfunding activities, as funding portals or as brokers. Commenters are encouraged to identify the types of requirements that should apply to registered funding … Continue reading

Posted in Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, Funding Portals, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment