Last year, President Obama opened up a whole new source of funding when he signed the JOBS Act to let small business owners crowdfund. Part of the legislation has yet to be realized. The bill allows small business owners to give equity in their companies, but they still can’t do it. The SEC has yet to come up with the necessary regulation to put the provision in place. Sherwood Neiss, …Read More

Sang Lee is the founder and CEO of Return on Change (www.returnonchange.com), the next generation’s equity crowdfunding platform aiming to connect investors with innovative and socially conscious startups. As a board member of CFIRA (Crowdfund Intermediary Regulatory Advocates) and CfPA (Crowdfunding Professionals Association), Sang strives to educate innovative entrepreneurs about equity crowdfunding’s immense potential to provide high-impact startups with critical early stage capital as well as everyday investors with the …Read More

CFIRA welcomes the SEC’s approval of FINRA’s Form for Funding Portals. We see this as a very positive and proactive sign that both agencies intend to prioritize rule making on the JOBS Act. This information request is the first public and meaningful step toward developing rules and the implementation of securities-based Crowdfunding,” says DJ Paul of GATE Technologies and CFIRA Board member. Kim Wales, the Founder of Wales Capital, CfPA …Read More