Posts Tagged ‘ finra ’

FINRA’s Latest Proposed Funding Portal Rules and Fees “charts”

FINRA’s Latest Proposed Funding Portal Rules and Fees “charts”

By Lauren Leibowitz, CrowdFundBeat Guest Contributor, Principal at 1st BridgeHouse Securities, LLC, On October 9, 2015, 2 years after FINRA first published its proposed Funding Portals rules , FINRA published the amended proposed Funding Portal Rules to the Securities and Exchange Commission (SEC). The following are FINRA’s proposed rule submissions:         1. SR-FINRA-2015-040 a. Adopt Funding Portal Rules 100,110,200, 300, 800,900 and 1200 and related forms. b. Adopt FINRA rule 4518: Notification to FINRA in Connection with the JOBS Act. 2. SR-FINRA-2015-041: Adopt Section 15 of Schedule A to the FINRA By-Laws governing fees for funding portals that are FINRA Members. In April 2012, when…

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Jobs-act Title III on the Horizon, FINRA Releases Proposed Funding Portal Rules

By Jonathan B. Wilson CrowdFundBeat Sr. Guest Editor, Partner, Taylor English Duma LLP  On October 12, 2015, Financial Industry Regulatory Authority, Inc. (“FINRA”) announced that it would file with the Securities and Exchange Commission (“SEC”) a proposed rule change to adopt Funding Portal Rules 100, 110, 200, 300, 800,900 and 1200 (collectively, the “Funding Portal Rules”) and related forms.  In addition, FINRA proposed to adopt new FINRA Rule 4518 (Notification to FINRA in Connection with the JOBS Act) in the FINRA rulebook. The proposed rules are part of FINRA’s effort to implement the crowdfunding provisions of Title III of the Jumpstart Our Business Startups Act (“JOBS…

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FINRA Issues Regulation A+ Filing Guidance

By David Feldman  Partner at Duane Morris LLP As we still await the first completed Tier II Regulation A public offering, and rumors are swirling that several are getting close, the Financial Industry Regulatory Authority (FINRA), which regulates broker-dealers, has confirmed what most already know. In a release a few weeks ago, they clarified that Regulation A+ offerings are no different than other public offerings. Namely, if FINRA members are involved in the offering, then filings must be made with FINRA and they have to reach a point of no objection to the compensation to be paid to the FINRA member. As the time to get this…

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Ready to file your Regulation A+ offering? Don’t Forget about FINRA Rule 5110

Ready to file your Regulation A+ offering? Don’t Forget about FINRA Rule 5110

By Scott Andersen, CrowdfundBeat Guest Contributor, Principal at finLawyer.com If you are an issuer getting ready to raise funds by way of Regulation A+, and are planning to utilize any services of a broker-dealer, then filing your offering statement with the Securities and Exchange Commission (SEC) is not the only filing you need to make. You are also required to file specified documents and information with FINRA as required by Rule 5110. FINRA oversees all broker-dealers (FINRA member firms), and Rule 5110 enables FINRA to regulate compensation paid to member firms and their associated persons who participate in public offerings. The filing generally is required to…

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North Capital Investment Technology Closes $1 Million Seed Funding Round

North Capital Investment Technology Closes $1 Million Seed Funding Round

CrowdFunding Beat News Wire,    North Capital Investment Technology Closes $1 Million Seed Funding Round SALT LAKE CITY– North Capital Investment Technology has closed its seed funding round of $1 million, attracting support from major institutional investors including JFO, Karlani Capital and Green Visor Capital. The funding enables the San Francisco-based private placement technology company to continue technology innovation, roll out proprietary funding platforms and hire staff to support its growing broker-dealer, North Capital Private Securities Corporation (NCPS). Green Visor Capital General Partner Michael Walsh said the private securities markets are in the early stages of a period of unprecedented change. General solicitation and crowdfunding will drive transparency and broader distribution, leading to a deeper and more liquid secondary…

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FINRA Board To Consider Proposals for Crowdfunding Portal Rules on July 11th

FINRA Board To Consider Proposals for Crowdfunding Portal Rules on July 11th

The Financial Industry Regulatory Authority Board of Governors will consider a proposal on July 11, 2013 to solicit comment via Regulatory Notice on proposed rules and related forms governing funding portals pursuant to Title III of the JOBS Act. After the July 11 meeting, FINRA will notify firms via email about the Board’s actions on these items and anticipated next steps, if any. Proposal Below: Rulemaking Items for Discussion at the July 2013 Meeting The FINRA Board of Governors will consider the following rulemaking items at its July 2013 meeting. After the July 11 meeting, FINRA will notify firms via email about the Board’s actions…

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HEADLINE NEWS

LivemintFinding the right balance on crowdfundingLivemintSecurities market regulator Sebi (Securities and Exchange Board of India) has been trying to get a handle on digital platform-based crowdfunding since at least 2014, when it issued a cautiously positive consultation paper. It fl [...]

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 [...]

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 [...]

The Northern Daily LeaderThe perks and pitfalls of crowdfundingThe Northern Daily LeaderWith a few clicks, would-be entrepreneurs, artists and charities can launch a project and start crowdfunding. All they need to do is nominate a dollar goal to raise within a certain time, and list [...]

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 [...]

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 [...]

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 » [...]

Censorship in Crowdfunding Services and How Bitcoin Could HelpInside BitcoinsThis once again highlighted the need for crowdfunding and community support for independent projects to remain afloat, but this time it was more serious. With YouTube throttling advertising revenue to creator [...]

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