HOT OFF THE PRESS – New Mexico Releases Proposed Intrastate Crowdfunding Exemption

Vintage label-sticker cards of New Mexico,

On Wednesday, September 24th, New Mexico’s Securities Division Director, Alan R. Wilson, set forth proposed rules to allow for an intrastate crowdfunding exemption in New Mexico. Having personally reviewed each current active and proposed intrastate crowdfunding exemption I can honestly say that Director Wilson and his staff have taken some unique approaches with respect to these proposed rules.

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PRESENTATION – Understanding Debt and Equity Based Crowdfunding

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I was recently asked to do a presentation for the Chicago Bar Association to explain how Debt and Equity Based Crowdfunding works. I thought it would be beneficial to post that presentation here for others that might be interested.

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INVESTOR PROTECTION ISSUE – PATCH OF LAND ADDRESSES GROWING INDUSTRY CONCERNS

Patch-of-Land-new-logoI recently posted an article entitled “Why You May Want To Reconsider How “Secure” You Feel About Your Real Estate Crowdfunding Investment” which captured the attention of many investors. In response to that article, the real estate crowdfunding portal, PatchOfLand.com, posted a genuine and refreshing response that I would like to share.

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INVESTOR PROTECTION ISSUE – WHY YOU MAY WANT TO RECONSIDER HOW “SECURE” YOU FEEL ABOUT YOUR REAL ESTATE CROWDFUNDING INVESTMENT

image15Do you remember that scene from the movie Tommy Boy where the store manager rants about the importance of having a guarantee on the product box “calling out, I’ll never let you down, but if I do I’m gonna make things ALL better.” I can’t help but be reminded of that scene whenever I see real estate crowdfunding portals using words like “asset-backed” and/or “guaranteed” to describe their lending investment opportunities. But how secure are these investments really???

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CFIRA WEIGHS IN ON THE “ACCREDITED INVESTOR” DEBATE IN LETTER TO THE SEC

cfira-300x134As I have talked about in a recent article (“Changes To “Accredited Investor” Definition May Clip The Wings Of Many Angel Investors“), the SEC is required by the Dodd-Frank Act to re-examine the definition of “accredited investor” under the Securities Act of 1933 this year and there is currently a big debate going on as to what changes, if any, the SEC should make. This week, the Crowdfund Intermediary Regulator Advocates (CFIRA) made their opinions on this issue known in a letter to Elizabeth M. Murphy, Secretary of the SEC.

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