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SEC Lifts Advertising Ban On Private Offerings

Washington, DC – The Securities and Exchange Commission today adopted rules that will allow businesses to use advertising to raise money through private offerings. The Commission action today carries out a mandate for such rules mandated last year by the Jumpstart Our Businesses Startups Act. The SEC also adopted so-called “bad actors” under the Dodd-Frank Act. Under the JOBS Act, the SEC adopted in a close 3 to 2 vote amendments to …Read More

FINRA Board Considers Proposals for Crowdfunding Portal Rules

The Financial Industry Regulatory Authority Board of Governors will consider a proposal on July 11, 2013 to solicit comment via Regulatory Notice on proposed rules and related forms governing crowdfunding portals pursuant to Title III of the JOBS Act. After the July 11 meeting, FINRA will notify firms via email about the Board’s actions on these items and anticipated next steps, if any.

David Weild Announced as Keynote Speaker for Leading Crowd Funding Industry Event

The Crowdfunding Professional Association (CfPA), the leading trade organization for the crowdfunding industry, will be holding its 2nd Annual Crowd Investing Innovation Forum on August 8-9, 2013 in Orlando, FL with former NASDAQ Vice Chairman David Weild IV as keynote speaker. New York, NY (PRWEB) July 01, 2013 The Crowdfunding Professional Association (CfPA), the leading trade organization for the crowdfunding industry, is pleased to announce that David Weild IV, renowned …Read More

The Crowdfunding Professional Association is the leading trade organization in the crowdfunding industry. With over 700 members from all over the world, membership in the CfPA provides an array of benefits for all kinds of industry participants. Here are a few reasons to consider joining the CfPA today: Network with crowdfunding professionals and thought leaders The CfPA has a robust membership comprised of thought leadership spanning every aspect of the …Read More

GOP Leaders Push SEC to Implement JOBS Act Rules

Washington, D.C. - May 13, 2013 - Senators John Thune (R-S.D.) and Pat Toomey (R-Pa.), and Representatives Kevin McCarthy (R-Calif.) and Patrick McHenry (R-N.C.) today sent a letter to the Chairman of the U.S. Securities and Exchange Commission (SEC), Mary Jo White, urging the SEC to move forward with the proposed rule to implement Section 201 of the bipartisan Jumpstart Our Business Startups (JOBS) Act.  President Obama signed the JOBS Act into law on April …Read More

Study Says Crowdfunders Apply Similar Factors as VCs To Assess Entrepreneurs

A new study by Wharton Management Professor Ethan Mollick finds that crowdfunders apply similar factors as venture capitalists to decide whether to fund a start-up venture.  The study dispels some concerns that crowdfund investors lack any sophistication. According to Professor Mollick’s recent paper, “Swept Away by the Crowd? Crowdfunding, Venture Capital and the Selection of Entrepreneurs,” a draft of which was published in March, entrepreneurial quality is being examined in similar ways …Read More

Donald Trump Puts Money into Crowdfunding

New York, NY – May 8, 2013 – Donald Trump says he’s willing to put his money where his mouth is by investing in crowdfunding. Today, Mr. Trump and his partner William Zanker announced the launch of Fundanything.com, a crowdfunding portal intended to give people “a way to raise capital to pay for a medical emergency, save or rebuild their home, launch a business, create the next Farmville, write a …Read More

Big Investors Put their Faith — and Wallet — into Crowdfunding

New York – May 7, 2013 – Google Ventures as well as other high profile venture capitalists are showing their faith in crowdfunding’s future by fundingplatforms such as CircleUp and Lending Club. Today, CircleUp, an equity-based crowdfunding platform, announced today it has closed a $7.5 million Series A financing, the largest raise for an equity-based crowdfunding site. With the new funding, CircleUp plans to hire engineers and designers to build out …Read More

SEC Chair: JOBS Act a Priority, but SEC Needs More Money

Washington, D.C. – May 7, 2013 – Mary Jo White made her first appearance on Capitol Hill today as the new chair of the Securities and Exchange Commission and urged members of a House panel  to approve a new budget that would enable the SEC to move swiftly on making rules under the JOBS Act and other laws.  Ms. White testified today before the Financial Services subcommittee of the House …Read More

SEC Commissioner Says Concern over Fraud Delays JOB Act Rules

Washington – April 17, 2013.  Securities and Exchange Commissioner  Elisse Walter told the House Committee on Financial Services today that concern about fraud has delayed rules for general solicitations for securities under Title II of the JOBS Act.  The committee called the hearing to investigate what it perceives as an unreasonable delay by the SEC in formulating rules under Title II of the Act, which were due last July 4, 2012. …Read More