Many angels and entrepreneurs have questions about the new Regulation Crowdfunding, which allows any American to make equity investments in companies - and particularly how the marketplace is reacting to the new investment opportunities. With thanks to Jackson Mueller, Deputy Director, FinTech Program, Center for Financial
Markets, Milken Institute, please use the resources below to stay current on the issue and reactions among market players.
Regulatory & Legal
SEC - Title III Final Rules (In particular: Pages 493 – 528 covering costs for intermediaries, issuers involved in Title III offerings.)
FINRA - JOBS Act: SEC Approval of FINRA Funding Portal Rules and Related Forms
CrowdCheck - Rule 506/Section 4(a)(6)/Regulation A Comparison Chart
Morrison & Foerster - JOBS Act Quick Start 2016
Fast Forward: A Summary of the Securities Law Provisions of the FAST Act
Ballard Spahr LLP - SEC Approves FINRA Portal Rules, Forms for Crowdfunding Under Title III
Crowd Capital Advisors - CCA Regulation Crowdfunding Indices
NextGen Crowdfunding - NextGen Crowdfunding Dashboard
WeFunder - Current Status of Regulation Crowdfunding
Milken Institute - JOBS Act: Comments to the SEC on Crowdfunding (Feb. 2014)
Angel Capital Assocation - The Latest on Crowdfunding and Reg A+
NASAA - Intrastate Crowdfunding Update July 18, 2016
EY - To the Point: New legislation makes changes to JOBS Act and other SEC requirements
Correspondence & Legislative Initiatives
SEC letter to House Rep. Darrell Issa regarding capital formation (April 6, 2011)
Startup America Legislative Agenda
IPO Task Force: Rebuilding the IPO On-Ramp (October 20, 2011)
Articles
A few of the articles provided below describe the costs associated with a Title III offering.
CrowdfundInsider - Congress Must Fix Title III Investment Crowdfunding, No Startup Will Touch it Unless Congress Acts
OneVest Co-Founder Criticizes Title III Equity Crowdfunding in Open Letter
The Fix Crowdfunding Act. What it Fixes & What it Does Not
Title III Crowdfunding Became Legal on May 16: What It Does & What’s Still Lacking
The Top Regulatory Mistakes Being Made by Issuers & Crowdfunding Platforms
Regulation Crowdfunding Investor Commitments Surpasses $5M in Under Three Months
Legion M Closes Record-Setting $1M Wefunder Crowdfunding Round & Named Itself Most Popular Reg CF Company
There are Now 14 FINRA Approved Funding Portals as Created by Title III of the JOBS Act
CrowdfundBeat - Why Title III of the JOBS Act fails to fulfill the needs of the new equity crowdfunding?
Fortune - Why Equity Crowdfunding Could Be Dangerous for Investors and Entrepreneurs
Forbes - Why Title III Of The JOBS Act May Be A Flop
Inc - 2016 Crowdfunding Rules: More Complicated Than You Think
2016 Crowdfunding Rules: How the Restrictions Work and Why It Matters
Wealth Management - Crowdfunding Is a Crowd Failure
