Since 2007, Finovate conferences have showcased cutting-edge financial technology (fintech). On May, 13, 2015, FundAmerica Presenters Scott Purcell (Founder, CEO) and Scott Andersen (General Counsel) discussed FundAmerica’s technology, software-as-a-service, and compliance solutions for the emerging crowdfunding industry before several hundred attendees in San Jose, California.
I receive inquiries at my law practice daily from people seeking to form equity & debt crowdfunding platforms. Since the JOBS Act was signed into law in April 2012, there has been a tremendous amount of excitement with crowdfunding. Interestingly, real estate funding platforms are leading the charge, even more[…]
As we’ve previously discussed, a serial issuer operating or using a website that displays and advertises offerings of securities (a “funding platform”) does not necessarily need to register with the SEC (or FINRA) as a broker-dealer.fn1 However, what about State blue sky laws? While Rule 506 of Regulation D and[…]
Can advisers operate a funding platform for Rule 506 offerings without registering as a broker-dealer? This is a common question in the Rule 506 offering space. Funding platforms are websites that display offerings, and there is confusion about what rules come into play, asked by people in many diverse sectors,[…]
Section 15(a)(1) of the Securities Exchange Act of 1934 makes it unlawful for businesses to effect transactions in, or to induce the sale of any security, unless registered as a broker-dealer. Many people assume that funding platforms under Title II of the Jumpstart Our Business Startups (JOBS) Act must also[…]