FINLAW: FINRA proposes rule changes to regulate Title III Funding Portals
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 Title III crowdfunding shortly, FINRA’s…
Read MoreFinLaw: 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, enables FINRA to review and…
Read MoreSpeaker, 2nd Annual IMN Crowdfunding Forum for Real Estate (West), Santa Monica CA, on September 16 and 17, 2015
Speaker at Fairmont Miramar Hotel & Bungalows, 101 Wilshire Boulevard, Santa Monica, CA on September 16, 2015 ("The Latest SEC/FINRA and State Broker Dealer and Selling Regulations: What a Developer Needs to Know about 506b, 506c, Reg S and Intrastate Rules") and September 17, 2015 ("The Shark Tank").
Read MoreFinLaw: Ready to file your Regulation A+ offering? Don’t Forget about a Mandatory Filing Required by FINRA Rule 5110
If you are an issuer getting ready to raise funds by way of Regulation A+, and are planning to utilize any services of a broker-dealer, then filing your offering statement with the Securities and Exchange Commission (SEC) is not the only filing you need to make. You are also required to file specified documents and…
Read MoreFinLaw: 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 to attract investors to a…
Read MoreSpeaker, Global Real Estate Crowdfunding and Regulation A+ ($50 million), NYC
Speaker at New York City conference, Global Real Estate Crowdfunding and Regulation A+ ($50 million), 575 Madison Ave., NYC on June 26, 2015
Read MoreSpeaker, Regulation A+: How to Raise $50 Million for Startups, New York, NY
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.
Read MorePresenter – FundAmerica Presents its SaaS Technology Solutions, Finovate San Jose, Spring 2015
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.
Read MoreFinlaw: Equity & Debt Crowdfunding: Where We Are Now and Where We Are Going Next
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 so than platforms focused on…
Read MoreSpeaker: CrowdEngine Webinar Discussing Funding Platforms, May 8, 2015
In this webinar sponsored by CrowdEngine with 130 attendees, we discussed various topics including where we are now and where we are going with capital raising using funding platforms, the various business models of funding platforms, and risks and regulatory issues that need to be addressed when launching or running a funding platform.
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