SEC approved crowdfunding platforms

SEC Attempts 'Balance' In Equity Crowdfunding Plan

In a move many watchers find promising, the SEC today approved a proposed plan from Congress for the rules to define equity crowdfunding in the U.S., a long-awaited outcome of the bipartisan JOBS (Jumpstart Our Business Startups) Act that was enacted last year.

The proposal now remains open for comment for the next 90 days (and possibly longer, due to its complexity), to be followed by another meeting of the SEC for final approval, followed by an additional 60 days within the Federal Registry before the formal enactment. This means that by the most optimistic interpretations we may see formalized crowdfund investing in the U.S. by early Summer of 2014.

Crowdfund expert Dr. Richard Swart, Director of Research for the Program for Innovation in Entrepreneurial and Social Finance, U.C. Berkeley, sees today’s proceedings as good news. Leading equity crowdfund voice Douglas Ellenoff, a partner in Ellenoff, Grossman and Schole, agrees: “We are encouraged by the unanimous vote of the Commissioners yesterday and believe that both the action by the SEC and the contents of the proposed rules, as well as FINRA’s published proposed rules, puts to rest the narrative that there was some behind the scene movement to frustrate and undermine the bi-partisan mandate to facilitate crowdfunding in the United States.”

While the proposed plan is 592 pages (nearly double the length of most full length books) and poses 295 questions the SEC wants comments upon, Swart’s opinion is that the plan reflects the commission’s desire to make debt and equity Crowdfunding viable in the U.S.

“Under the leadership of commission chair Mary Jo White, the SEC has decided to support Congress’s intent by crafting a framework to enable a meaningful equity Crowdfunding market in the United States, ” he said. [italics added]

Take Down the Fed with Ron Paul: the Adventure G

by deckhand

Ron Paul may not be the most avid gamer -- but the leading libertarian certainly wouldn't want to stop you playing his character in an upcoming videogame from Texas-based programmer Daniel Williams.
[More from Mashable: Play ‘Diablo III’ for Free, This Weekend Only]
"Ron Paul: The Road to REVOLution" is a side-scrolling adventure game that echoes console classics of days gone by. Players take control of Dr. Paul as he sprints across the U.S., collecting coins (made of gold, of course) and delegates in a race for the White House.
The browser-based game has one level for each of the 50 states, and 13 boss fights -- one for each branch of the Federal Reserve

Carlton gets in on crowdfunding with $1B target  — Real Estate Weekly
Last week, the Carlton Group, a decades-old real estate investment banking firm, announced the launch of its own online crowdfunding platform with plans to finance $1 billion of transactions.

UCLA crowdfunding campaign to promote healthcare in Haiti  —
UCLA Spark, an online crowdfunding platform for innovative projects that is underway at UCLA, will host a 30-day campaign beginning May 15. It has the goal of raising $5,000 to bring Dr.

CreateSpace Independent Publishing Platform Krautfunding: Deutschland entdeckt die Dankeschön-Ökonomie (German Edition)
Book (CreateSpace Independent Publishing Platform)
Related Posts