On November 26, 2012, Securities and Exchange Commission Chairman Mary L. Schapiro announced that she will step down on December 14, 2012. It has been under Chairman Schapiro’s watch that the SEC had been working to shape the regulations that will govern investment crowdfunding under the JOBS Act. Implementation of the rules will now fall to current SEC [...]
View Post Elisse Walter, JOBS Act, Mary L. Schapiro, President Obama, SEC, Securities and Exchange CommisionThis week, the Crowdfund Intermediary Regulatory Advocates (CFIRA), of which Funding Launchpad is a founding member, submitted recommendations to the Securities and Exchange Commission on general solicitation under the JOBS Act, including recommendations on safe harbors for investment adviser issues, fraud, crowd commentary, peer-to-peer lending, and matching. To back up a step, a “safe harbor” [...]
View Post CFIRA, crowd funding, crowdfunding, Crowdfunding Intermediary Regulatory Advocates, general solicitation, investment crowdfunding, JOBS Act, SEC, securities and exchange commission, title 3, title iiiEarlier this week, Reuters published an editorial titled “Five steps the SEC can take to make crowdfunding work“. Shane Fleenor, Funding Launchpad’s Chief Legal Officer, added comments reminding readers that investment crowdfunding is about startups and small business, not Wall Street and business as usual for the finance industry. For your reading pleasure, we have [...]
View Post CFIRA, crowd funding, CrowdFund Intermediary Regulatory Advocates, crowdfunding, reuters, sara hanks, SEC, securities and exchange commission, Wall StreetAs we mentioned in our recent blog post about advocating for the investment crowdfunding regulatory framework, the SEC is inviting the public to comment on the JOBS Act, including the investment crowdfunding provisions found in Title III. Funding Launchpad formally submitted our comments to the SEC on Friday, April 27. Our comments can also be [...]
View Post comments, crowd funding, crowdfunding, equity crowdfunding, equity-based crowdfunding, Funding Launchpad, FundingLaunchpad.com, investment crowdfunding, public, SEC, Securities and Exchange CommisionPresident Obama is slated to sign the Jumpstart Our Business Startups (JOBS) Act on Thursday, and the final, authoritative text of the bill has finally been made available to the public – you can take a look at http://www.gpo.gov/fdsys/pkg/BILLS-112hr3606enr/pdf/BILLS-112hr3606enr.pdf. Note that Title III is the crowdfunding part. There have been a number of brief summaries [...]
View Post 504, 505, 506, crowdfunding, exemption, FINRA, funding portal, general solicitation, investment crowdfunding, IPO, JOBS Act, reg d, SECIt seems like everyone is a proponent of investment crowdfunding these days. Even the agency responsible for enforcing American federal securities laws, the U.S. Securities and Exchange Commission (SEC), seems to be recommending the adoption of crowdfunding principles. Earlier this month an Advisory Committee on Small and Emerging Companies, a group formed by the SEC, [...]
View Post crowdfunding, investment crowdfunding, politics, SEC, small business, startup