Posts Tagged ‘ Intrastate CrowdFunding ’

Intrastate Crowdfunding After Title III

Intrastate Crowdfunding After Title III

By Mark Roderick , CrowdFund Beat   Sr. Guest  Contributor, @CrowdfundAttny.       On one hand, the SEC just proposed several changes to Rule 147 that will make intrastate Crowdfunding easier: We used to worry, at least a little, about the language in Rule 147 saying that you couldn’t offer securities to anyone outside the state. How does this work when your offers are made with the Internet, we wondered? The SEC just proposed eliminating that requirement. If you were doing an intrastate offering in Texas, Rule 147 used to require using a Texas entity – not Delaware, for example. No more. If you’re doing an intrastate offering in Texas,…

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Texas Securities Board approved rules for crowdfunding

Texas Securities Board approved rules for crowdfunding

By Maria Halkias, Texas has become the latest state to allow small businesses and startups to raise money within its borders from mom-and-pop investors. The Texas Securities Board on Wednesday approved rules that govern intrastate crowdfunding that eliminate wealth and income requirements for investors. The vote was confirmed by Texas Securities Board spokesman Bob Elder, who said the rules will probably be in effect in November. Related article: What exactly does Texas Intrastate Crowdfunding Look Like? The number of people who can now invest some of their savings in new Texas businesses has just ballooned to include the 20 million adult residents in Texas. Not…

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Intrastate CrowdFunding Update

Intrastate CrowdFunding Update

By Anthony Zeoli,  CrowdFunding Beat guest contributor, While the industry waits for Title III crowdfunding rules to be released, the intrastate crowdfunding movement continues to move forward (as a whole). Here is a brief update as to the status of the enactment/use of intrastate crowdfunding exemptions in certain states. STATE OF THE STATES: An Update On Intrastate Crowdfunding While the industry waits for Title III crowdfunding rules to be released, the intrastate crowdfunding movement continues to move forward (as a whole). Here is a brief update as to the status of the enactment/use of intrastate crowdfunding exemptions in … TEXAS – Unlucky Number 13 As many…

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Recent Developments of Michigan Intrastate Crowdfunding

Recent Developments of Michigan Intrastate Crowdfunding

By Irene Tordera, In the last couple of years , while waiting for Title III to be eventually released by the SEC, several US states adopted intrastate crowdfunding laws, which allow companies to raise capital through local securities crowdfunding portals. Among them there is Michigan, whose securities crowdfunding exemption allows resident issuers to offer securities only to local  investors, like it also happens in other states. The Michigan Invests Locally Exemption (MILE), was signed by Michigan governor last December. The exemption permits an issuer to sell securities to non-accredited investors and utilize general solicitation if specific requirements are satisfied. In particular, the requirements include the following:…

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Intrastate Crowdfunding

by Irene Tordera, It has been over two years since the JOBS Act was passed, but famous Title III, which would allow crowdinvesting, has not yet been approved. While the entire US crowdfunding scene waits for the SEC to release the final rules, some states decided, in the meantime, to enable crowdinvesting within their borders. Intrastate crowdfunding is a wider phenomenon than one could expect: according to Wikipedia, currently “thirteen (13) states have intrastate crowdfunding exemptions in place and fourteen (14) states are in various stages of enacting/considering sponsored legislation regarding such intrastate crowdfunding”. The first state to adopt equity crowdfunding exemptions was Kansas, back in…

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The Future of Intrastate CrowdFunding

The Future of Intrastate CrowdFunding

CrowdFund Beat News Wire This Report shows state activity with respect to allowing intra-state CrowdFunding. It spans the gamut from enacting legislation, all the way to taking no action. Some state assemblies are amending existing regulations, proposing new legislation, instituting administrative rules and actively considering what to do after the SEC rules are final. Specifically, the responses we received from state offices that regulate securities indicate the following: 1. Four states have amended or passed new regulations to cover CrowdFunding. Georgia: The State Securities Division promulgated new rules known as the Invest Georgia Exemption (“IGE”). Kansas: Office of the Securities Commissioner adopted new rules known…

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HEADLINE NEWS

Daily MailNick Clegg crowdfunding former Deputy PM appeals donationsDaily MailOn his website, there is a section which appeals for 'crowdfunding' to help bankroll the publication of thousands of Lib Dem leaflets. He's appealing for £25 donations. Yet Clegg, who has take [...]

Android Authority (blog)Crowdfunding project of the week: BIKI is an underwater drone that looks like a fishAndroid Authority (blog)We are back with another 'Crowdfunding project of the week', where we highlight some of the hottest tech coming from websites like Kickstarter [...]

Hall alone in vote against rape kit crowdfundingRockwall County Herald Banner“Rape kit testing is far too important to rely on an undependable funding source like crowdfunding. This is a core function of government and as such it should be funded by government. Victims deserve to know [...]

Virginia Tech launches its own crowdfunding site to reach new generation of donorsRoanoke TimesOne of the first four pilot projects that went live on Jump, Tech's crowdfunding website, lets users pay for as little as one local child to attend educational programming by the Moss A [...]

New York MagazineFacebook Rolls Out Crowdfunding to EveryoneNew York MagazineDepending on your perspective, the rise in popularity of crowdfunding is either a fantastic new way that the internet lets strangers help each other out, or emblematic of the decay of institutional safeguards [...]

Youris.comCrowdfunding boosts green powerYouris.comWith state subsidies falling, crowdfunding platforms are increasingly stepping in to help make green power projects a reality. For individual investors, injecting anything from a few euros to hundreds of thousands, they are a tangiabl [...]

Tech City NewsWhy are more and more tech firms turning to crowdfunding?Tech City NewsWhen Facebook bought virtual reality firm Oculus VR for £2bn (£1.3m) in 2014, the crowdfunding world looked on with amazement. Oculus, founded in California in 2012, had raised its crucial first $2m o [...]

Crowdfund InsiderResearch on Risk Shows Crowdfunding Has Significant Fraud Immunity: Here's WhyCrowdfund InsiderIt may be counterintuitive but the research has been done and the results are now in – and it's as we've been saying for almost five years. Fraud in crowdfund [...]

Finance MagnatesEthereum Alternative Æternity Starts Phase Two of Crowdfunding CampaignFinance MagnatesÆternity's blockchain is built from scratch with most of the transactions done off-chain for speed and efficiency. Avi Mizrahi | News (CryptoCurrency) | Monday, 29/05/2017|14:55 [...]

Devon LiveCrowdfunding page set up for family of boy who died after drug use ...Devon LiveA fundraising page has been set up in memory of a 15-year-old boy who died on Friday night after taking a recreational drug at a youth disco. Yesterday Devon ...and more » [...]

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