Topics Under Tag: "SEC"

Industry Group Calls for Changes to Regulation Crowdfunding

Locavesting Staff | June 30, 2019

Three years after Regulation Crowdfunding went into effect, advocates continue to call for improvements to the law, which made it easier for small companies to raise money from ordinary investors. The latest call for action came in June in the form of policy recommendations outlined by the Association of Online Investment Platforms (AOIP), a group […]

ICOs

Regulators Zero in on Brave New World of Initial Coin Offerings

Amy Cortese | February 6, 2018

The SEC has spoken: ICOs are securities and should be regulated like them. In a wide-ranging hearing convened by the Senate Banking Committee on Tuesday, the heads of the Securities & Exchange Commission and the Commodities Futures Trading Commission gave their opinions of cryptocurrencies, Initial Coin Offerings (ICOs), blockchain and their regulatory oversight—or lack thereof, […]

Crowdfunding legislation, Regulatory Sandbox

Legislation to Buoy Crowdfunding, FinTech This Year

Amy Cortese | January 10, 2017

Are the floodgates ready to open? When the JOBS Act was signed into law in 2012, it laid the groundwork for new forms of small business capital, like crowdfunding, to take hold.  Since then, a number of bills have sought to build on that foundation, yet very few have made it into law. That could […]

The SEC Brings Intrastate Offering Rules Into the Modern Era

Andrew Stephenson | October 29, 2016

On October 26, 2016, the Securities and Exchange Commission (SEC) approved final rules amending Rule 147 and creating new Rule 147A. The much needed update brings many beneficial changes for local businesses looking to raise capital within their states, including the ability to advertise across state lines and to conduct multiple offerings without fear of […]

SEC Unanimously Approves Intrastate Crowdfunding Changes

Locavesting Staff | October 26, 2016

The Securities & Exchange Commission on Wednesday unanimously adopted proposed changes to rules aimed at facilitating intrastate and regional crowdfunding offerings. Most notably, it created a new rule, 147A, that eliminates the ban on general advertising that has stymied intrastate crowdfunding offerings. That ban effectively killed any marketing over the Internet or social media. The […]

Will Intrastate Crowdfunding Finally be Fixed?

Locavesting Staff | October 21, 2016

Intrastate crowdfunding is poised to take a giant leap forward next week when the S.E.C give a thumbs up—or down—to important changes proposed to two key exemptions that underlie all state-based crowdfunding activity. The Commission will meet on Wednesday morning to consider whether to adopt rule amendments related to Securities Act Rules 147 and 504 […]

SEC Move Could Determine the Fate of Intrastate Crowdfunding

Locavesting Staff | January 6, 2016

Will this be the year that intrastate crowdfunding catches fire? The answer may depend upon the Securities & Exchange Commission, which is considering updates to a federal rule that underlies the vast majority of intrastate crowdfunding laws. After a public comment period ends on Monday, the agency will begin deliberating on changes that could make—or […]

It’s Official! SEC Greenlights Main Street Crowdfunding

Locavesting Staff | October 30, 2015

Let the great experiment in financial democratization begin! The SEC on Friday adopted final rules for Regulation Crowdfunding (aka Title III)—the last and most sweeping piece of the JOBS Act legislation, which was signed into law three-and-a-half years ago. With the move, the SEC opened up investment crowdfunding to the general public for the first […]