JOBS Act, Crowdfunding | JD Supra Law News

Crowdfunding And JOBS Act News Roundup – May 17, 2013

by Stephen M. Quinlivan | Leonard, Street and Deinard - Dodd-Frank and... on 5/20/2013

This week the SEC appointed Keith F. Higgins as Director of the Division of Corporation Finance. We don’t know him personally but have seen him speak at conferences and observed his leadership of the ABA’s Federal Regulation...more

Is Crowdfunding Dead On Arrival? A Legal Perspective...

by Benjamin Hron, Brian Korn, Christian A. Salaman | JD Supra Law News on 5/15/2013

"[Crowdfunding] lays the riskiest investments at the doorstep of those investors that can least afford the risk. And it won’t create jobs except for plaintiff’s lawyers…”...more

Crowdfunding And JOBS Act News Roundup – May 10, 2013

by Stephen M. Quinlivan | Leonard, Street and Deinard - Dodd-Frank and... on 5/13/2013

It was another week of speculation as to when the SEC might finalize or propose any JOBS Act rule. Broc Romanek of the TheCorporateCounsel.net pointed to one article which said the current JOBS Act proposal on eliminating...more

Crowdfunding And JOBS Act News Roundup – May 3, 2013

by Stephen M. Quinlivan | Leonard, Street and Deinard - Dodd-Frank and... on 5/6/2013

Mary Jo White, now chair of the SEC, submitted a written statement in her confirmation hearing that said “First, I would work with the staff and my fellow Commissioners to finish, in as timely and smart a way as possible, the...more

Crowdfunding And JOBS Act News Roundup – April 26, 2013

by Stephen M. Quinlivan | Leonard, Street and Deinard - Dodd-Frank and... on 4/29/2013

On Thursday the SEC sent out a press release captioned “SEC Seeks to Halt Scheme Raising Investor Funds Under Guise of JOBS Act.” The action doesn’t really have anything to do with the JOBS Act, as in the sense that it seeks...more

Crowdfunding And JOBS Act News Roundup - April 22, 2013

by Stephen M. Quinlivan | Leonard, Street and Deinard - Dodd-Frank and... on 4/22/2013

Reuters reports that Representative Patrick McHenry, of North Carolina, who chairs the House Financial Services oversight panel, said he believes the Securities and Exchange Commission lost its ability to enforce the ban on...more

The Trouble With Crowdfunding

by Brian Korn | Pepper Hamilton LLP on 4/18/2013

It’s about one year since President Obama signed the Jumpstart Our Business Startups Act (the JOBS Act), designed to help new companies raise capital and go public. For individual investors the most troublesome provisions of...more

SEC's Division of Trading and Markets Grants Relief from Broker-Dealer Registration for Online Platform that Permits Investment in...

by Delcy Sweet | Holland & Knight LLP on 4/17/2013

On March 26, 2013, the SEC's Division of Trading and Markets issued a no-action letter indicating that it would not recommend enforcement action under Section 15(a)(1) of the Exchange Act if a venture capital fund adviser and...more

The differences in unregistered securities offerings under Rule 506 and Crowdfunding

by The R. Bernard Law Group on 4/3/2013

When President Obama signed the JOBS Act almost a year ago it introduced a new era of startup financing. But until the SEC makes the required rules, the fundraising bonanza known as crowdfunding that will allow companies to...more

JOBS Act Update

by Richard Levin, Stephanie Wong | BakerHostetler on 3/11/2013

The Securities and Exchange Commission’s (SEC) Division of Trading and Markets and the Financial Industry Regulatory Authority (FINRA) recently published items of particular interest to firms following the progress of the...more

Crowdfunding Now And What Was Supposed To Be

by Travis Crabtree | Looper Reed & McGraw, P.C. on 2/26/2013

Crowdfunding is legal. Sort of. Before you start soliciting for investors on Facebook, you need to know that general solicitations to sell equity to your company not listed on the stock exchange or otherwise registered is...more

SEC Speaks: Agency Takes Back-To-Basics Approach In Face Of Changing Leadership, Congressional Mandates And New Technologies

by Regina LaMonica, Jose Lopez, Keith Miller, Charles Mulaney, Pravin Rao | Perkins Coie on 2/25/2013

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

SEC Commissioners Say More Regulation, Oversight Needed

by Matthew P. Allen | Miller Canfield on 2/25/2013

SEC commissioners called for a more regulations and oversight to protect investors from fraud and other dangers, reports Miller Canfield securities compliance and enforcement lawyer Matt Allen. Allen attended the 42nd...more

Silver Hills May Tarnish Crowdfunding

by Keith Paul Bishop | Allen Matkins Leck Gamble Mallory & Natsis... on 2/19/2013

Both Section 2(1) of the Securities Act of 1933 and Section 25019 of the Corporate Securities Law of 1968 provide extensional definitions of the term “security”. That is, they each list everything within the term being...more

FINRA Issues Voluntary Interim Form for Crowdfunding Portals

by Louis Bevilacqua | Pillsbury Winthrop Shaw Pittman LLP on 2/14/2013

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

Crowdfunding For Canadian Entertainment Projects

by Bob Tarantino | Heenan Blaikie LLP on 1/21/2013

One of the inevitable challenges faced by independent entertainment entrepreneurs, such as film producers or videogame developers, is obtaining financing for the development, production and eventual delivery of their project....more

Ontario Minister Joins Crowd in Push for Crowdfunding Exemption

by Dentons on 12/12/2012

At the recent Technicity conference in Toronto, Brad Duguid, Ontario’s Minister of Economic Development and Innovation, expressed support for introducing equity crowdfunding in Ontario. Recognizing the need to keep...more

FINRA Releases FAQs On Private Placement Notice Filing Rule

by David Jenson | Leonard, Street and Deinard - Dodd-Frank and... on 12/10/2012

On December 3, 2012, FINRA released a set of FAQs relating to new Rule 5123, which went into effect on December 3 and requires FINRA members to file with FINRA copies of the private placement memorandum, term sheet, or other...more

Levick Weekly: Crowdfunding - How Communications Will Provide the Key to Capital

by LEVICK on 12/7/2012

In This Issue: - Deryck Palmer on What’s Next for the Energy Sector - Christopher Garcia on Cyber Threats - Crowdfunding How Communications Will Provide the Keys to Capital - Jobs Act Hedge Fund...more

Crowdfunding – How Communications Will Provide The Keys To Capital

by Kathleen Wailes | LEVICK on 12/7/2012

Reports that U.S. Securities and Exchange Commission (SEC) Chairman Mary Schapiro will be leaving her post next week have raised questions as to the fate of a number of high-profile issues currently on the Commission’s...more

Crowdfunding under the JOBS Act

by Brian Korn | Pepper Hamilton LLP on 11/30/2012

In This Presentation: - Crowdfunding background - Important SEC Reminder - Issuers Not Eligible to Crowdfund - Crowdfunding vs. Other Exemptions - Crowdfunding Requirements - Funding Portals - Funding...more

Jumpstart Our Business Startups Act (JOBS Act) of 2012: SHOW ME THE MONEY!

by Victor Walker on 11/26/2012

The Jumpstart of Business Startups Act (JOBS Act) of 2012 has made it easier for Emerging Growth Companies to raise equity and debt with less SEC regulations and financial disclosures. For example Reg A+ allows you to raise...more

Startups, Accelerated

by MoFo Tech on 11/13/2012

Capital is the lifeblood of a growing tech company, and today access to that capital in the U.S. is improving thanks to recent regulatory and legislative initiatives. Growing tech companies now have an array of new...more

The JOBS Act — An Overview and Some Recent Developments

by Poyner Spruill LLP on 10/31/2012

Background - Earlier this year, President Obama signed the Jumpstart Our Business Startups Act (commonly known as the JOBS Act) into law. As the somewhat repetitive name implies, the JOBS Act’s ultimate goal is to spur job...more

Focus on Securities - Will Canada Make Room for Crowdfunding?

by Dentons on 10/25/2012

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

Home

Legal News

Find a Lawyer

Browse Subjects

Subscribe

Pro Services

For Reporters

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