News & Analysis as of September 18, 2024

Crowdfunding › Funding Portal › The Jump-Start Our Business Start-Ups Act

+ Follow

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,... 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. less -

Four Lessons from Two FINRA Enforcement Actions against Crowdfunding Portals

Goodwin on 5/12/2022

On May 4, 2022, FINRA announced that it had fined two FINRA-registered funding portals a combined $1.75 million for failing to comply with securities laws and rules designed to protect crowdfunding investors. Funding portals...more

SEC Amends Forms and Rules for JOBS Act, Adopts Indexed EGC Definition

Goodwin on 4/7/2017

The SEC has adopted a number of amendments to its forms and rules to reflect changes that resulted from the JOBS Act. The amendments will affect all public companies, including EGCs, as follows: All Domestic Public...more

The JOBS Act at Five: Congressional Hearing Highlights Need for Further Reform

Farrell Fritz, P.C. on 3/27/2017

On March 22, the Subcommittee on Capital Markets, Securities, and Investment of the Financial Services Committee conducted a hearing entitled “The JOBS Act at Five: Examining Its Impact and Ensuring the Competitiveness of the...more

FINRA Action Against Crowdfunding Platform

Morrison & Foerster LLP - JOBS Act on 12/19/2016

On November 2, 2016, FINRA terminated the FINRA registration for UFP, LLC (“UFP”), making UFP the first crowdfunding portal to be expelled from FINRA. UFP ran an online funding portal, uFundingPortal.com, where it acted as...more

New Crowdfunding Rules Present Challenges and Opportunity

McNees Wallace & Nurick LLC on 5/17/2016

On May 16th, the U. S. Securities and Exchange Commission’s long-awaited rules known as “Regulation Crowdfunding” take effect, providing a revolutionary method for emerging companies to raise capital. The SEC’s adopting...more

Crowdfunding Begins With 17 Issuers

Stinson - Corporate & Securities Law Blog on 5/17/2016

Monday May 16, 2016 was the first day JOBS Act Title III crowdfunding could be used. Below are links to some portals and other information....more

Regulation Crowdfunding Takes Effect

McDermott Will & Emery on 5/17/2016

In Depth - On May 16, 2016, the final rules adopted by the Securities and Exchange Commission (SEC) with respect to Title III of the Jumpstart Our Business Startups Act (JOBS Act) took effect (except for certain forms...more

The Equity Crowdfunding Rules: What You Need to Know

Foley & Lardner LLP on 5/5/2016

The SEC’s equity crowdfunding rules finally go into effect this month almost four years after Congress passed the JOBS Act, requiring the relaxing of certain rules on raising funds. So what does equity crowdfunding actually...more

FinCEN Proposes Funding Portals Regulations under Bank Secrecy Act

Orrick - Finance 20/20 on 4/11/2016

On April 4, 2016, the Financial Crimes Enforcement Network, a bureau of the Department of the Treasury (“FinCEN”), proposed amendments to the definitions of ‘‘broker or dealer in securities’’ and ‘‘broker-dealer’’ under the...more

FinCEN Proposes Amendments to Bank Secrecy Act to Cover Crowdfunding Portals

Stinson - Corporate & Securities Law Blog on 4/4/2016

FinCEN, a bureau of the Department of the Treasury, has proposed amendments to the definitions of “broker or dealer in securities” and “broker-dealer” under the regulations implementing the Bank Secrecy Act. This rulemaking...more

Fix Crowdfunding Act Improves JOBS Act

Stinson - Corporate & Securities Law Blog on 3/28/2016

The Fix Crowdfunding Act has been introduced by Representative Patrick McHenry, who was one of the architects of the FAST Act provisions simplifying securities laws. The Fix Crowdfunding Act increases the $1,000,000...more

Funding Portal Small Entity Compliance Guide

Morrison & Foerster LLP - JOBS Act on 3/7/2016

The staff of the Securities and Exchange Commission recently posted an updated “small entity compliance guide” that summarizes and explains the rules adopted by the SEC that implement a regulatory framework for intermediaries...more

Regulation Crowdfunding – Funding Portals and Other Crowdfunding Intermediaries

Smith Anderson on 2/11/2016

Title III of the Jumpstart Our Business Startups Act (JOBS Act) created a new securities registration exemption for crowdfunding offerings by adding Section 4(a)(6) to the Securities Act of 1933 (the Securities Act). In late...more

SEC Approves FINRA Portal Rules, Forms for Crowdfunding Under Title III

Ballard Spahr LLP on 2/10/2016

The U.S. Securities and Exchange Commission (SEC) approved the Financial Industry Regulatory Authority, Inc.'s (FINRA) crowdfunding Portal Rules for companies that want to operate an intermediary “funding portal” pursuant to...more

Crowdfunding Portals Begin to Register With the SEC

Stinson - Corporate & Securities Law Blog on 2/1/2016

The SEC registration process for Title III crowdfunding portals was recently commenced. So far we are aware of one Form Funding Portal that has been filed to begin the registration process. ...more

Joining the Crowd: SEC Adopts Final Crowdfunding Regulations - Part III - Intermediaries

K&L Gates LLP on 1/26/2016

On October 30, the U.S. Securities and Exchange Commission (“SEC”) adopted final rules in the form of Regulation Crowdfunding to implement the securities-based crowdfunding exemption in Section 4(a)(6) of the Securities Act...more

Overview of Regulation Crowdfunding

Saul Ewing Arnstein & Lehr LLP on 1/6/2016

Regulation Crowdfunding – which becomes effective May 16, 2016 -- implements the requirements of Title III of the Jumpstart Our Business Startups (JOBS) Act. The new rules will enable individuals to invest in startup...more

What you need to know about the New SEC Rules on Crowdfunding

Burns & Levinson LLP on 12/15/2015

On Oct. 30, 2015, the Securities and Exchange Commission (“SEC”) adopted new rules that will enable some private companies to use the Internet for crowdfunding campaigns seeking up to $1 million per 12-month period. ...more

New Crowdfunding Rules for Issuers: Opportunities or Landmines?

WilmerHale on 12/15/2015

As directed by Congress under the JOBS Act of 2012, the Securities and Exchange Commission (SEC) recently adopted final rules to permit equity “crowdfunding,” characterized by the SEC as “a relatively new and evolving method...more

Regulation Crowdfunding: The Long Wait Is Over, But Is Equity Crowdfunding D.O.A.?

Mintz on 12/9/2015

Three and a half years after the passage of the JOBS Act, the SEC on October 30, 2015 adopted final rules for Title III of that Act, more popularly known as equity crowdfunding and dubbed by the SEC as “Regulation...more

Small Business Securities Bulletin: SEC Adopts Long-Awaited Crowdfunding Rules

Baker Donelson on 11/25/2015

A periodic bulletin keeping small businesses informed about current developments in securities law and related matters. By way of background, pursuant to Section 5 of the Securities Act of 1933 (Securities Act) and state...more

Title III of JOBS Act Brings Non-Accredited Investors to Crowdfunding Table

Holland & Knight LLP on 11/20/2015

The U.S. Securities and Exchange Commission (SEC) recently approved Title III of the JOBS Act, a significant development because the new regulations allow non-accredited investors – those making less than $200,000 a year in...more

Equity Crowdfunding Has Finally Arrived – SEC Adopts Final Rules On Crowdfunding

Blank Rome LLP on 11/17/2015

On October 30, 2015, the Securities and Exchange Commission (“SEC”), in a 3-1 vote of the SEC Commissioners, approved final rules to adopt Regulation Crowdfunding, which sets forth the framework by which companies can “equity...more

SEC Adopts Final Crowdfunding Rules under the JOBS Act

Patterson Belknap Webb & Tyler LLP on 11/15/2015

On October 30, 2015, the U.S. Securities and Exchange Commission (SEC) adopted final rules under Title III of the JOBS Act to enable U.S. companies to offer and sell securities through crowdfunding (Regulation Crowdfunding). ...more

SEC Finalizes Regulation Crowdfunding – Additional Funding Portal Requirements

Stinson - Corporate & Securities Law Blog on 11/12/2015

The United States Securities and Exchange Commission has issued final rules on Regulation Crowdfunding. This post analyzes the “Additional Funding Portal Requirements” and “Miscellaneous” sections of the SEC’s adopting...more

45 Results

/

View per page

Page: of 2

Next »