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Top crowdfunding pioneers, policymakers, entrepreneurs and investors will convene to
address the most urgent issues in capital formation, job creation, public policy as well as
corporate and entrepreneurial initiatives. Douglas S. Ellenoff, a member of the Firm, will be
one of the speakers.
CFPA August 5, 2013
JOBS Act Title II Rulemaking Update
The final rules adopted by the SEC on July 10th to eliminate the ban on general solicitation and advertising and define bad actor disqualifications for Rule 506 offerings have been published in the Federal Register. These rules go into effect on September 23, 2013.
We will be working with our clients and friends to develop compliance protocols for these new rules.
July 25, 2013
The FINRA Board of Governors met today and authorized the publication of a Regulatory Notice to solicit comment on proposed rules and related forms governing funding portals pursuant to Title III of the JOBS Act. The proposed rules address among other things the membership application process for funding portals, fraud and manipulation, just and equitable principles of trade, communications with the public, supervision and anti-money laundering. FINRA expects to publish the Notice when the SEC releases its proposed rules pursuant to Title III of the JOBS Act for comment.
July 12, 2013
I recently spoke with attorney Douglas Ellenoff, our contributing expert on crowdfunding and the JOBS Act, about the recent "no action" letters issued by the Securities and Exchange Commission to crowdfunding platforms like AngelList and FundersClub targeted at accredited investors.
Crowdsourcing.org May 28, 2013
Douglas S. Ellenoff, a member of the Firm, wrote an article on Crowdfunding that was published in the Vanderbilt Law Review.
Vanderbilt University Law School May 10, 2013
I spoke with attorney Douglas Ellenoff, our contributing expert on crowdfunding and the JOBS Act, shortly after the one year anniversarry of the signing of the JOBS Act in April 2012. Ellenoff spoke at a Silicon Valley crowdfunding conference on the first birthday of the law, which...
Crowdsourcing.org April 22, 2013
Crowdfunding is getting so much bigger than Kickstarter. Last year alone, it generated 1 million successful campaigns and $2.7 billion across the globe. Research firm Massolution gathered that data from 308 active crowdfunding platforms (CFPs) worldwide via the website for its 2013 Crowdfunding Industry Report. The information shows that crowdfunding nearly doubled last year, with an 81 percent increase over 2011. North America and Europe, taking second, dominate the market, with a more than 95 percent stake.
Venture Beat April 17, 2013
Doug Ellenoff, the leading attorney in the investment crowdfunding space will join me live at 4:00 Eastern today to discuss crowdfunding. We’ll discuss common misunderstandings in the crowdfunding community. We’ll also get Doug’s take on why the status quo—where 98 percent of Americans are essentially not allowed to invest in startups—is considered acceptable.
Forbes April 17, 2013
Hear hearings on the delay.
Small Business April 10, 2013
With the anniversary of the signing of the landmark JOBS Act signed on April 5, 2012, the investment crowdfunding community is champing at the bit to get to work, still waiting on the SEC to issue regulations required by the Act. The regulations, due on January 5, 2013, have not yet been promulgated. In fact, the agency has yet to issue draft regulations for...
Forbes April 3, 2013