Crowdfunding is a method for raising capital whereby many individuals network and pool their funds, usually via the internet or social media. Crowdfunding methods are used in a variety of circumstances... more +
Crowdfunding is a method for raising capital whereby many individuals network and pool their funds, usually via the internet or social media. Crowdfunding methods are used in a variety of circumstances including, but not limited to, supporting charitable organizations, disaster relief, product development, artistic projects, and financing start-up companies. The passage of the JOBS Act of 2012 sought to broaden the use of crowdfunding in developing private capital for start-up companies by relaxing certain SEC investor registration requirements.
Crowd funding under the JOBS Act
Crowdfunding: What Is It? Who Will Use It? Is It Worth the Hype?—Fox Rothschild’s James Saksa
On March 8, 2013, the Ontario Securities Commission (OSC) closed the comment period on its Staff Consultation Paper 45-710: Considerations for New Capital Raising Prospectus Exemptions (the Consultation Paper), which sought...more
The annual “SEC Speaks” conference, in which Securities and Exchange Commission (SEC) representatives review the agency’s efforts over the past year and preview the year to come, was held on February 22-23, 2013. A...more
On January 10, 2013 the Financial Industry Regulatory Authority (“FINRA”) issued a voluntary Interim Form for funding portals (the “Interim Form”). The Interim Form is designed for prospective crowdfunding portals under the...more
In This Issue: - 1. Will Canada Make Room for Crowdfunding? - 2. Contact Us Excerpt From “Will Canada Make Room for Crowdfunding?” When the U.S. recently changed its securities laws to enable...more
On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act (the “JOBS Act”). The full formal name for the legislation: “An Act to increase American job creation and economic growth by improving...more
Everyone is very excited about the new crowdfunding-for-securities law. Crowdfunding is a great idea–in concept. And now we have a new law which is about to make crowdfunding for securities a reality, at least in some sense....more
On April 5, 2012, President Obama signed into law the "JOBS Act." The acronym (for “Jumpstarting Our Business Startups”) is a little misleading, as the Act has less to do with jobs, per se, than with easing regulatory...more
“Crowdsourcing” and “crowdfunding” have become popular terms for harnessing the power of the “crowd” (that is, the general public) to solve problems. On April 5, 2012, President Obama signed into law the Jumpstart Our...more
With preternatural sagacity, Yogi Berra once observed that “prediction is very hard, especially about the future”. Although I whole heartedly concur with Mr. Berra’s assessment of the difficulties that inhere in...more
On Tuesday, March 27, the House of Representatives passed the JOBS (Jumpstart Our Business Startups) Act (H.R. 3606) by an overwhelming majority of 380-41. With this vote, the JOBS Act has passed the final congressional...more
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