SEC Advisory Committee Recommends Modernizing Rule 147 To Support Intrastate Crowdfunding

Update 147 2The Securities and Exchange Commission’s (SEC) Advisory Committee on Small and Emerging Companies met in early June to discuss various topics concerning, of course, small businesses. One of the primary topics the Committee addressed was the growing enactment and use of state-based Crowdfunding (i.e. “Intrastate crowdfunding”) and how the SEC can, and should, support those efforts by modernizing Rule 147.

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The “Mini-IPO” Is Here!!! New Regulation A+ Rules Become Effective Today

aplus-secToday the much-anticipated final rules for Title IV of the JOBS Act (commonly referred to as Regulation A+) become effective. With them comes a new way for small and mid-sized companies to more easily raise capital from the public, and a new way for the public to invest, through “Mini-IPOs.”

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Regulation A+ Still A Go As The SEC Denies Montana’s Request to Stay

As you may know, Montana has filed a “Petition For Review” to challenge the final rules adopted by the SEC under Title IV of the JOBS Act (commonly referred to as Regulation A+). In connection with its suit, Monica J. Lindeen, Montana State Auditor and ex officio Securities Commissioner, filed a motion with the SEC in early June to stay the effective date of the final Regulation A+ rules pending the outcome of the litigation. Per an order released by the SEC late yesterday, that motion has been officially denied … and in rare style no less.

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Patch Of Land Raises The Bar By Releasing New Truly “Secured” Investment Structure

POL2As you may remember, in an earlier post entitled “Investor Protection Issue – Why You May Want To Reconsider How “Secure” You Feel About Your Real Estate Crowdfunding Investment,” I took issue with the fact that the majority, if not all, currently offered Real Estate Crowdfunding (i.e. RECfunding) investments are completely unsecured from the investor standpoint. This has never sit well with Patch Of Land (seePatch Of Land Addresses Growing Industry Concerns“) and they recently released the details of a new investment structure which takes a huge step forward in correcting this issue.

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FINRA Launches National Ad Campaign Promoting Its Online BrokerCheck Research Tool, But Does It Work?

FINRA Crowdcheck2Early last week the Financial Industry Regulatory Authority (FINRA) rolled out a multi-million dollar ad campaign promoting its online research tool called “BrokerCheck.” BrokerCheck is free online database intended to provide the investing public with an east way to research brokers and investment advisers before working with them. The timing of the ad campaign is no coincidence however, coming right on the heels of FINRA’s new proposal to the SEC to make use of a BrokerCheck hyperlink mandatory for all brokers and investment advisers. Questions have arisen as to the actual usefulness and completeness of the information provided on BrokerCheck. Many critics believe that BrokerCheck database, while well intended, does not currently provide all of the information investors need.

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