Posts
August 20 2012
On Friday, August 17, 2012, the Securities and Exchange Commission announced further delays in adopting the new regulations to Rule 506 of Regulation D mandated by the Jumpstart Our Business Startups Act of 2012. Section 201(a) of the Act requires the SEC to adopt new regulations that would eliminate the current prohibition against general solicitation and general advertising of private securities offerings conducted pursuant to Rule 506 of Regulation D under the Securities Act of 1933.
August 03 2012
Equity-based crowdfunding platform EarlyShares has raised $1.15 million in its first round of funding, so other businesses can raise funding too. Ever since the JOBS Act passed in April, crowdfunding has been the cool kid on the block. Startups that provide opportunities for people to make micro-investments in small businesses are bum-rushing the field and each has a distinct angle.
July 31 2012
The Soho Loft Capital Creation Events and FundingPost will host a special educational session in New York City for Angel Investors and Venture Capitalists on August 9, 2012, at the "DC VC and Angel Event”. Mr. Douglas S. Ellenoff of Ellenoff Grossman & Schole is moderating the panel on crowd funding which will teach 100+ leading entrepreneurs how crowd funding may apply to financing their startups.
July 18 2012
On Wednesday, July 18, Crowdsourcing.org hosted a webinar with leaders of the emerging crowdfunding industry on how the new framework and regulations are taking shape under the JOBS Act.
July 09 2012
The Jumpstart Our Business Startups Act (JOBS Act)—a new law aimed at increasing American job creation and economic growth—contains key provisions relating to securities offered or sold through “crowdfunding.” Under the new law, intermediaries performing crowdfunding on behalf of issuers must register with the Securities and Exchange Commission (SEC) as a “funding portal” or broker and must register with an applicable…
July 03 2012
The North American Securities Administrators Association, Inc. (NASAA) published their comment letter on the JOBS Act.
June 29 2012
For those of you eager investors, entrepreneurs and brokers out there who want to do crowdfunding tomorrow, you’ll just have to be patient.
Until the US Securities and Exchange Commission (SEC) writes and publishes rules for this online route to equity fundraising, any solicitation you get to do it now is a scam.
June 29 2012
On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups (JOBS) Act, a series of legislative provisions intended to facilitate capital formation in the United States. Part of this legislation included the CROWDFUND Act, which makes significant changes in current federal and state securities laws.