Under Title III of the JOBS Act, a crowdfunding intermediary that engages in crowdfunding on behalf of an issuer of securities is required to register with the SEC as a “funding portal” or a broker-dealer, and to become a FINRA member. In anticipation that the SEC will take action on[…]
FinLaw: Raising Money online with a Participating Broker-Dealer? Welcome to the World of FINRA Regulation
In my last article regarding Regulation A+ filing requirements, I discussed how when raising funds for a Reg A offering you are required not only to make a Form 1-A filing with the SEC, but also one with FINRA pursuant to FINRA Rule 5110. Rule 5110, known as the Corporate Financing Rule,[…]
FinLaw: How General Solicitation and Technology are Disrupting the Financial Services Industry Today
Over time, capital formation has dramatically changed for small companies. Even though Title III federal crowdfunding is not yet legal, the JOBS Act has significantly altered the landscape of small securities offerings, which are now being powered by the use of technology (websites as funding platforms) that use general solicitation[…]
Speaker at New York City conference, Global Real Estate Crowdfunding and Regulation A+ ($50 million), 575 Madison Ave., NYC on June 26, 2015
Speaker on May 21, 2015 at Fundingpost.com and The Soho Loft Media Group equity crowdfunding conference, Regulation A+: How to Raise $50 Million for Startups, Penthouse, 18th Floor, 5 East 57th Street, New York, NY.