Posts Tagged ‘ Sara Hanks ’

Happy Birthday Regulation CF (shame about the compliance failures)

Happy Birthday Regulation CF (shame about the compliance failures)

BY SARA HANKS , CrowdFundBeat  Sr.contributing Guest Editor  CEO/Founder,Crowd check.Inc. So, one year ago today, Regulation CF went into effect. Small companies can make offerings up to $1 million (recently increased to $1.07 million) and roughly 325 companies have made Reg CF offerings so far. Roughly 80 companies have filed Form C-U to notify the SEC of the conclusion of their offering (they can also use Form C-U to report progress of the deal, so the raw numbers need refining). Another 50 or so companies have taken advantage of the fact that the SEC tells us that multiple closings are permitted once a company reaches its…

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Preparing for an A+ grade: the need for a clean audit

By Sara Hanks , CrowdFundBeat  Sr.contributing Guest Editor  CEO/Founder, CrowdCheck, Inc. Pretty much everyone knows by now that audited financial statements are required for offerings under Tier 2 of Regulation A. While the SEC doesn’t require audited financials (or any kind of review by outside accountants) for Tier 1, some states do require audited financials in Tier 1 offerings. But do you know what the audit letter is supposed to look like? That is important. Without getting too much into the weeds, the SEC requires that audit reports meet the requirements of Regulation S-X. And that means those audit reports must be “clean.” There can’t be any…

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Crowdfunding: You might not think you’re a stock tout…

By SARA HANKS  CrowdFunding Beat News Guest Contributor, CEO/Founder, CrowdCheck, Sounds so disreputable, doesn’t it? But some of the SEC rules that apply to stock touts apply to several types of activity in the new online markets. Back in Ye Olden Tymes (the tech bubble days of the late 1990s) the SEC’s newly formed internet task force brought 23 enforcement actions against 44 companies and individuals in one epic event. All 23 cases involved allegations of illegal touting of securities under Section 17(b) of the Securities Act. This is what Section 17(b) says: It shall be unlawful for any person, by the use of any means or instruments of…

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Exclusive CrowdFundBeat interview with Sara Hanks of CrowCheck

Exclusive CrowdFundBeat interview with Sara Hanks of CrowCheck

November 14, 2013 – Crowdcheck is emerging as the dominant due diligence tool for use by platforms and investors. The company is led by experienced attorney Sara Hanks. On Thursday, November 14, 2013 at 1:00 PM Eastern, Sara will join be joining CrowdFundBeat for an exclusive discussion about the implementation of crowdfunding rules issued by the SEC under both Title II and Title III of the JOBS Act. Sara’s bio: Sara Hanks, co-founder and CEO of CrowdCheck, is an attorney with over 30 years of experience in the corporate and securities field. Her most recent position was General Counsel of the bipartisan Congressional Oversight Panel,…

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TBO.comBillionaire toy executive hopes to raise $800 million via crowdfunding to save Toys R UsTBO.comIsaac Larian, the billionaire toy executive behind Bratz, Little Tikes and L.O.L. Surprise! dolls, wants to save Toys R Us. But first, he wants you to pony up. Larian, the chief execu [...]

Syfy WireLooking for Leia kicks off crowdfunding campaign for new docu-series formatSyfy WireA documentary dedicated to the girls and women who love Star Wars is taking the next step in bringing their experiences to the screen. Looking for Leia, a documentary by award-winning filmmake [...]

Solar Power WorldRE-volv crowdfunding campaign makes solar possible for East Oakland churchSolar Power WorldEast Oakland's Faith Baptist Church unveiled solar panels on Sunday, obtained through a crowdfunding campaign from the solar nonprofit RE-volv with the support of the Leona [...]

Idaho Press-TribuneWith so many teachers crowdfunding for classroom supplies, Middleton School District updates policyIdaho Press-TribuneOn March 12, the school board approved regulations requiring teachers to fill out a short form and submit it to their principal for approval before [...]

Multiple Sclerosis News TodayAmerican Brain Foundation Starts Crowdfunding Campaign to Help Fight MSMultiple Sclerosis News TodayThe American Brain Foundation has started a crowdfunding campaign to support research that could lead to treatments for multiple sclerosis and other autoimm [...]

Honolulu Star-AdvertiserIndie film 'Waikiki' seeks crowdfunding boostHonolulu Star-AdvertiserIndie film 'Waikiki' seeks crowdfunding boost. By Jason Genegabus. Posted March 22, 2018. March 22, 2018. Updated March 22, 2018 10:11am. “Waikiki,” an independent full-len [...]

KGO-TVGroup launches crowdfunding campaign for homeless on SF's Haight StreetKGO-TVTake it to the Streets has launched a $50,000 crowdfunding campaign to provide housing and services for homeless young adults. (KGO). KGO. by Juan Carlos Guerrero. Thursday, March 22, 2018 03:58PM. [...]

The Spirits BusinessDave Broom launches crowdfunding bid for whisky filmThe Spirits BusinessWhisky writer Dave Broom is seeking to raise £40,000 (US$56k) through a crowdfunding campaign to film a new documentary on whisky and Scottish culture. Dave Broom will star in the new whisky do [...]

The Student Loan ReportWhat's the Deal With Student Loans and Crowdfunding?The Student Loan ReportCrowdfunding has been one of the defining features of the modern consumer economy in the 21st Century. A ton of successful ventures, films, inventions, and even charitable causes hav [...]

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