But where does that leave the market now? Despite the proposals, the Title III crowdfunding market is not open and won’t be for another few months. Furthermore, questions remain as to how navigable that market will be for newcomers and how profitable it will be in the short to medium term.
The SEC has released a set of proposed rules for implementation of Title III of the JOBS Act, FINRA has released proposed forms and rules for the required registration by funding portals and new rules on general solicitation and general advertising have been put into effect.
But where does that leave the market now? Despite the proposals, the Title III crowdfunding market is not open and won’t be for another few months. Furthermore, questions remain as to how navigable that market will be for newcomers and how profitable it will be in the short to medium term. Considering the U.S. has 52 sets of securities laws (federal + the 50 states + D.C), it is no wonder that thousands of lawyers across the country have made comfortable (if paper heavy and, let’s be honest with ourselves, fairly mind-numbing) lives off of this portion of the legal world. U.S. federal and state securities laws are extraordinarily complicated. The JOBS Act is often associated to crowdfunding. This is quite obvious, someone would probably think, because the JOBS Act regulates crowdfunding. True, but the law proposition is not only limited to that. In fact, even though it is quite common to read about the JOBS Act in relation to crowdfunding, the law proposition touches upon other interesting topics. Crowd Valley Offers the Framework to Enter the 21st Century Using Newly Adopted JOBS Act Title II9/23/2013
PRESS RELEASE Monday 7 AM EST, September 23, 2013 San Francisco, California Crowd Valley Offers the Framework to Enter the 21st Century Using Newly Adopted JOBS Act Title II Today, September 23, Title II of the JOBS Act, adopted by the Securities and Exchange Commission (SEC) becomes effective, allowing companies publicly to solicit investors and advertise the sale of securities. Crowd Valley Inc, the US-based platform and back office provider, offers technology, services and methodologies for professional organizations to take advantage of this paradigm shift in the financial market. It was easily predictable that crowdfunding would have been sooner or later applied to the education sector. An easy prediction, because the market of crowdfunding is undergoing a constant expansion in many different fields and education could not be left out, as it represents one of the most important bridges to our future. The SEC adopts changes to the rules governing the marketing of sales of securities to sophisticated investors Pursuant to the mandate set out in the Jumpstart Our Business Startups Act, the U.S. Securities and Exchange Commission (the SEC) has adopted amendments to Rule 506 of Regulation D and Rule 144A, each under the Securities Act of 1933, as amended (the Securities Act). These changes essentially lift the ban on publicly advertising offers of securities and may fundamentally change the way in which small and medium sized companies raise capital. Following the recent WTC Roundtable in Denver, Crowd Valley was invited to advise a broad international gathering of brilliant minds in the picturesque town of Boulder, Colorado. The aim of the conference was to navigate the new market and set the research agenda for the Kauffman Foundation. Title II of the JOBS Act was enacted July 10, 2013 by the Securities and Exchange Commission. As part of the increasing attention and demand for knowledge in the market, Crowd Valley partnered with the visionary team at the World Trade Center in Denver to discuss building companies in the new age.Markus and Valto spoke on the crowdfunding and peer to peer markets evolution, international benchmarks and best practices, and shared the journey the Grow VC Group has taken since its inception several years ago. Following on from regulatory activities in the US and some European countries, Canada has now opened its market to equity crowdfunding. Or more precisely, the State of Ontario, while in the rest of the country equity crowdfunding is still not regulated. “A low-carbon, clean energy economy can be an engine of growth for decades to come” – President Barack Obama, June 25, 2013 On Tuesday US president Obama announced a comprehensive climate action plan, calling amongst others, for a doubling of renewable energy in the U.S. by 2020. A critical success factor in achieving this goal will be the participation of communities in the ownership and development of clean energy solutions such as renewable energy projects. |
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