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Showing posts with the label Jumpstart Our Business Startups Act

Crowdfunding: New SEC Rules

Crowdfunding : New SEC Rules Thursday, February 20, 2014 from 7:00 PM to 8:30 PM (EST ) Washington, DC This seminar will summarize the JOBS Act and current developments. Henry Burger will discuss Real Estate Crowdfunding. We will have copies of The JOBS Act: Crowdfunding for Small Businesses and Startups for sale. See: http://www.amazon.com/The-JOBS-Act-Crowdfunding-Businesses/dp/143024755X Finally, we will discuss the following developments: http://crowdfundingnow.blogspot.com/2014/01/strategies-7-keys-to-crowdfunding.html http://crowdfundingnow.blogspot.com/2013/08/how-to-crowdfund-5-crowdfunding-tips.html http://crowdfundingnow.blogspot.com/2013/06/successful-crowdfunding.html https://docs.google.com/forms/d/1XNaKgws4wJTgtEeLt4BiOFyLJx-f1ARLIH5KB56Vf6g/viewform Register at:  https://crowdfundclass.eventbrite.com Thanks! Related articles Crowdfunding Beat: Seed & Spark vs. SEC JOBS Act Rules Crowdfunding Real Estate Investments is the Focus of...

Title III of The JOBS Act: A Major Win for Minority Businesses

The shift in securities laws will make it easier to access capital for startups http://www.blackenterprise.com/small-business/jobs-act-win-for-minority-businesses-title-3/ Related articles WATCH: This Morning's Hearing On Crowdfunding & The JOBS Act Is A Big One Small Business Startup Funding And American JOBS Act Title III Outside the Box: 4 ways investing in startups will become easier for you Minority Business Development Agency Announces Record Client Performance

SEC votes to allow full crowdfunding

The full Securities and Exchange Commission voted today to approve rules allowing full crowdfunding. This means that, in short order, you will be able to sell stock in your small or startup company over the Internet . Title 3 of the JOBS Act means that issuers can sell securities online to anyone. The SEC voted to create a new SEC Act exemption to do so. The amount of money you can raise and the amount of money you can invest is limited, however. SEC Staff Members John Ramsey and Sebastian Gomez were two of the authors of this exemption. Ramsey noted the new rule requires crowdfunding intermediaries to register with the SEC and FINRA. The new rules create an entirely new type of business financing firm: a Funding Portal (FP). Portals bring investors, companies together. He noted that FINRA will issue a regulatory notice on FPs. SEC Staff Member Lela Bond noted that the proposed rules exclude foreign companies, investment companies, companies with no business plan, and co...

Senate pushes SEC on crowdfunding

Letter from the US Senate to the SEC about the JOBS Act . October 21, 2013 The Honorable Mary Jo White Chairman U.S. Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Dear Chairman White: We write in response to recent news reports that the Securities and Exchange Commission (SEC) is nearing the point of proposing regulations on crowdfunding .  Proposed regulations have been delayed significantly, and we urge the SEC to move forward with its proposal as soon as possible. The Jumpstart Our Business Startups (JOBS) Act was adopted with bipartisan support in both the Senate and the House of Representatives . The legislation was signed into law on April 5, 2012, and in it Congress directed the SEC to publish rules on the crowdfunding provisions within 270 days of enactment.  It has now been over 530 days since the JOBS Act became law, and we have not seen a proposal from the SEC on crowdfunding.  We are concerned that so much time ...

SEC Greenlights Currently Legal Crowdfunding

According to TechCrunch , "The SEC today paved the way for a new era of venture capital investing by  stating  it won’t pursue enforcement action against  FundersClub , whose platform lets any accredited investor fund startups in exchange for equity. Before, some thought FundersClub’s founders could face jail time for violating finance laws . FundersClub’s model could be used by others to raise capital online for startups before the JOBS Act goes fully into effect." This is a good sign, but not the small scale equity crowdfunding approval we have been waiting for. The SEC validated something that is currently legal to do: it let investors with over a million in net worth invest using an online platform. Yawn. See article links below. Nothing to see here. Please move on. Related articles JOBS Act Expected to Increase Diversity in Funding SEC recognizes FundersClub as first-ever online VC The Crowd's Money Can Dominate Early-Stage Investing, But Only If T...