Three years after Regulation Crowdfunding went into effect, advocates continue to call for improvements to the law, which made it easier for small companies to raise money from ordinary investors. The latest call for action came in June in the form of policy recommendations outlined by the Association of Online Investment Platforms (AOIP), a group […]
Three years after Regulation Crowdfunding went into effect, advocates continue to call for improvements to the law, which made it easier for small companies to raise money from ordinary investors. The latest call for action came in June in the form of policy recommendations outlined by the Association of Online Investment Platforms (AOIP), a group […]
The SEC has spoken: ICOs are securities and should be regulated like them. In a wide-ranging hearing convened by the Senate Banking Committee on Tuesday, the heads of the Securities & Exchange Commission and the Commodities Futures Trading Commission gave their opinions of cryptocurrencies, Initial Coin Offerings (ICOs), blockchain and their regulatory oversight—or lack thereof, […]
Are the floodgates ready to open? When the JOBS Act was signed into law in 2012, it laid the groundwork for new forms of small business capital, like crowdfunding, to take hold. Since then, a number of bills have sought to build on that foundation, yet very few have made it into law. That could […]
“There’s been a lot of press about the Jumpstart Our Business Startups (JOBS) Act and its opening up of equity crowdfunding to unaccredited investors. What’s received less attention is intrastate crowdfunding–platforms that, as the name suggests, allow small investors to put their money into local businesses, opening up a new source of funding for social enterprises and other startups…”
On October 26, 2016, the Securities and Exchange Commission (SEC) approved final rules amending Rule 147 and creating new Rule 147A. The much needed update brings many beneficial changes for local businesses looking to raise capital within their states, including the ability to advertise across state lines and to conduct multiple offerings without fear of […]
The Securities & Exchange Commission on Wednesday unanimously adopted proposed changes to rules aimed at facilitating intrastate and regional crowdfunding offerings. Most notably, it created a new rule, 147A, that eliminates the ban on general advertising that has stymied intrastate crowdfunding offerings. The existing 147 safe harbor will remain in effect with the advertising restriction, […]
Intrastate crowdfunding is poised to take a giant leap forward next week when the S.E.C give a thumbs up—or down—to important changes proposed to two key exemptions that underlie all state-based crowdfunding activity. The Commission will meet on Wednesday morning to consider whether to adopt rule amendments related to Securities Act Rules 147 and 504 […]
How do you allow entrepreneurs to raise local capital without onerous red tape, while also minimizing risks for investors? What can be done at the federal and state level?
Will this be the year that intrastate crowdfunding catches fire? The answer may depend upon the Securities & Exchange Commission, which is considering updates to a federal rule that underlies the vast majority of intrastate crowdfunding laws. After a public comment period ends on Monday, the agency will begin deliberating on changes that could make—or […]
