Crackdown on crowdfunding websites EIS service in UK

kuberReports this week claim that the Financial Conduct Authority (FCA) is pushing to regulate online crowdfunding sites next year amid concerns about customer safeguards. John Williams, Managing Partner at Kuber Ventures states: ‘’All investments by their very nature carry with them a varying degree of risk, but most consumers would expect them also to be firmly regulated, to ensure best practice and consumer protection”.
‘’The Government introduced Enterprise Investment Schemes (EIS) to encourage people to invest in small business start-ups and benefit from tax efficient investments within a controlled environment. But by investing in small business through crowdfunding websites, investors leave themselves exposed”.
Kuber Ventures is the UK’s first multi-manager platform for comparing, reporting and investing in EIS portfolios, offering the advisory community a much simpler way to gain access to this alternative market for their clients. It also gives fund managers a more direct channel to a wider range of investors. ‘’Crowdfunding has grown in popularity, but it should not simply be seen as the ‘easy’ way to invest”, explains Williams. ”Investors with little or no experience of how to value a small business are putting themselves at unnecessary risk by not talking to a professional fund manager.
‘’There are plenty of fund managers out there that specialise in small business and EIS investment. Not only do these professionals carry a great deal of experience, but they are also regulated, and give consumers a greater amount of security”.
Kuber Ventures, backed by private equity firm LW, aims to simplify the investment process for financial advisers and investors alike, allowing access to a range of discretionary managers through one application process making the administration, tax compliance and reporting manageable.
[Source: Kensington & Chelsea Today UK]
http://www.kensingtonandchelseatoday.co.uk/business-and-finance/9u56q8y9f9.html

Tags: , , , , ,

HEADLINE NEWS

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

FortuneUncensored Social Network Gab Raises $1 Million in Crowdfunding CampaignFortuneA crowdfunding campaign for Gab, a Twitter-like social network that touts its commitment to freedom of speech, surpassed $1 million yesterday. The company claims it is politically neutral and committ [...]

Baltimore SunHarford still opposes crowdfunding sites for school donationsBaltimore SunRaising money through online crowdfunding sites is an ideal way for teachers to find the funds to purchase classroom materials and should be restored, the head of the Harford County teachers' u [...]

League: Warriors legend Monty Betham drops crowdfunding bidNew Zealand HeraldFormer Warriors Monty Betham has pulled the pin on his quest to launch a crowdfunding campaign to buy the Warriors. With Warriors owner Eric Watson locked in negotiations to sell, Betham made a plea to league [...]

Crain's Cleveland Business'Smaller' gifts can go long way for Clinic's crowdfunding platformCrain's Cleveland BusinessFor an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively [...]

GeekZing Smart Light Passes Crowdfunding Goal With Flying Colors ...GeekAt age 31, I still prefer to keep a light on in the hallway, illuminating my way to the bathroom in the middle of the night. (God forbid I step on the creeping cat—or ...and more » [...]

ForbesWhat Works In Equity Crowdfunding -- Insights From ResearchForbesAs we have recently celebrated the fourth anniversary of the signing of the JOBS Act into law, it is a good time to take stock of the effect that the legislature had on equity crowdfunding in the United States. It [...]

Deccan ChronicleHow to make crowdfunding work?Deccan ChronicleVarun, based on his experience, also says, that people new to crowdfunding should not be complacent with their campaigning — “I've seen a lot of people, who just think that crowdfunding is free money. They have a very [...]

FortuneDreamHost Sets Up Crowdfunding Page to Aid Trump Government FightFortuneThe Los Angeles-based web host DreamHost, which is fighting the Department of Justice over its attempt to seize records of visitors to an anti-Donald Trump website, has launched a crowdfunding campaign to a [...]

DualShockersBounty Battle Rolls out the White Carpet with Successful Crowdfunding CampaignDualShockersWhen we last checked in with the indie-obsessed fighting game, Bounty Battle, it was halfway through its $30,000 crowdfunding goal. Now with 3 days left to go, it's surpassed thi [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |