Dodd-Frank.com

Crowdfunding Investor Bulletin Issued by SEC

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On February 16, 2016, the SEC posted an investor bulletin relating to equity crowdfunding intended to educate the public about the process for investing in equity crowdfunding and some of the risks involved. On May 16, 2016, Regulation Crowdfunding will become effective, allowing non-accredited investors to invest limited amounts in... Read More

Topics: Crowdfunding

Crowdfunding Portals Begin to Register With the SEC

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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. So that is good news. ABOUT STINSON LEONARD STREET Stinson Leonard Street LLP provides sophisticated transactional and litigation legal... Read More

Topics: Crowdfunding

SEC Release on Transfer Agents Addresses Restricted Securities and Crowdfunding

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The SEC has issued a release soliciting comment on the regulation of transfer agents. After some initial background, it’s divided into two parts.  The first is an advance notice of proposed rulemaking, seeking comment on specific regulations and potential changes. The second part is a concept release, soliciting comment on... Read More

Topics: Crowdfunding, Public Companies and Securities

Crowdfunders and Crowdfunding Service Providers Beware

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If you are planning to move into the crowdfunding consulting or platform area make sure you are familiar with the SEC broker-dealer rules, which require registration before performing broker-dealer services.  If you plan on crowdfunding an equity offering, you want to make sure all of your service providers are properly... Read More

Topics: Broker-Dealer, Crowdfunding, Litigation, Public Companies and Securities

SEC Preparing to Move Forward on Accredited Investor Definition

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SEC Chair Mary Jo White gave testimony before the House of Representatives Committee on Financial Services.  Ms. White stated the staff is “engaged in a comprehensive review of the “accredited investor” definition. That review and the feedback received through that process will inform the SEC’s consideration of whether to change the... Read More

Topics: Broker-Dealer, Crowdfunding, Investment Advisers, Public Companies and Securities

How Many Regulation A+ Offerings Has the SEC Qualified?

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Registered statements are “declared effective” by the SEC; Regulation A+ offering documents are “qualified” by the SEC, and when it happens an EDGAR document called “QUALIF” is generated.  Per my review, the following Regulation A+ transactions that were filed after the effective date of the Regulation A+ rules have been... Read More

Topics: Crowdfunding, M&A, Public Companies and Securities