Crowdfunding for equity solutions series part 1: Investor protection
By David Drake This is Part 1 of a 10-part series. CFIRA representatives have already met with the members of the Corporate Finance, Trading and Markets and Office of the Compliance Inspection Divisions of the SEC. Our interest was to hash out new rules and regulations governing crowdfunding. The process is ongoing, and this meeting [...]
2013: What’s In Store For Crowdfunding And Angel Investors
By David Drake CrowdFunding will lead the way! The first half of 2013 will be a time when self-assessed delivery, customer and consumer communication and angel experience in quality control and supply chain operations will become key topics. Governance topics will evolve subsequently by Q3 2013. 2013 will show that the self-administration and fraud prevention [...]
Obama’s 10 Steps with SEC & FINRA to Legalize US Equity Crowd Funding
Obama’s 10 Steps with SEC & FINRA to Legalize US Equity Crowd Funding By David Drake Crowd funding for equity won’t be ready till Q4 2013 at the earliest and my guess is that implementation will be closer to Q1 2014. Let me walk you through my thinking around this. SEC Chair Mary Schapiro will [...]
The Soho Loft: Founder of CFIRA, the crowdfunding industry leading group united behind the regulatory organization to protect investors
March 23, 2012 14:28 ET Crowdfunding Industry to Unite Behind Regulatory Organization to Protect Investors WASHINGTON, DC and NEW YORK, NY–(Marketwire – Mar 23, 2012) – With the passage of the JOBS Act, the Crowdfunding Industry is uniting behind a Self Regulating Organization (SRO) to monitor and oversee this new marketplace and ensure investor protection. [...]
CFIRA August 30 2012 Letter to FINRA on Regulatory Notice 12-34: Request for Comment on Proposed Regulation of Crowdfunding Activities
TO VIEW THE FULL DOCUMENT, please click here.
CFIRA Letter Dated Sept 5, 2012 Re: Information on the Regulatory Activities of CFIRA and Invitation to Participate in Meetings
CFIRA_statereg_letters Please click on the above link to view the full document.
Crowdfunding for Equity Solutions Series, #9: Funds Fall Under Reg D 506
By David Drake, The Solo Loft. Funds should prepare to advertise for capital to the general public. In what may be an unforeseen consequence of the Jumpstart Our Business Startups Act (JOBS Act), funds will be able to advertise to the public as early as July 4, 2012. This comes as changes to Regulation 506 kick in, 90 [...]
The Crowdfunding Leadership Group – Letter to President Obama (April 5, 2012)
The following letter was sent to the President of the United States on April 5, 2012 by The Crowdfunding Leadership Group later to be identified as the CfIRA (CrowdFund Intermediary Regulatory Advocates) with the goal to pursue and aid policy development towards self-regulation of the crowdfunding industry. Please click down to view the full [...]
Updated: Jumpstarting Jobs is “Too Urgent to Delay”, Panel Tells Congressional Committee on Crowdfunding
Published in www.cfira.org under Articles News Published June 26, 2012 at 7:34 pm Article By Brian Dengler Expert Panel Testifies on Crowdfunding. Photo Courtesy C-SPAN. Washington, DC, June 26, 2012. Keep crowdfunding costs down and crowdfunding rules simple, a panel of experts testified today before the House Oversight and Government Reform Subcommittee on TARP, Financial [...]
SEC Says Companies Cannot Use Crowdfunding To Raise Funds From Investors Until SEC Issues Rules
Published on www.cfira.org under Articles News Published June 22, 2012 at 12:51 am Article by Brian Dengler There is growing eagerness to get equity crowdfunding off the ground, but equity crowdfunding will have to wait until the Securities and Exchange Commission approves rules to regulate it. As the SEC tersely warns issuers: “Any offers or sales [...]
