In response to the COVID-19 public health crisis, the SEC announced that they are adopting a temporary rule to allow applicants for EDGAR access to upload a signed copy of Form ID (completed online) without the notarization, containing a statement that applicants were unable to obtain notarization due to difficulties related to COVID-19. Within 90 […more]
Items tagged with "crowdfunding"
XBRL US submitted a comment letter responding to the SEC Concept Release on Harmonization of Securities Offering Exemptions. The XBRL US letter noted that the Commission could more effectively meet its goal of simplifying and harmonizing the exempt offering framework by requiring all reporting entities to use the same consistent method to report the same disclosures. […more]
The SEC published a concept release on ways to ways to simplify, harmonize, and improve the exempt offering framework to expand investment opportunities while maintaining appropriate investor protections and to promote capital formation. One of the goals of the Commission is to facilitate a company’s ability to transition from one offering to another or to […more]
SEC Launches Strategic Hub for Innovation and Financial Technology (FinHub). The FinHub will serve as a resource for public engagement on the SEC’s FinTech-related issues and initiatives, such as distributed ledger technology (including digital assets), automated investment advice, digital marketplace financing, and artificial intelligence/machine learning. FinHub activities include: 1) Provide a portal for industry and the public […more]
Under the Securities Act of 1933, the offer and sale of securities must be registered unless an exemption from registration is available. Title III of the Jumpstart Our Business Startups (JOBS) Act of 2012 added Securities Act Section 4(a)(6) that provides an exemption from registration for certain crowdfunding transactions. In 2015, the Commission adopted Regulation […more]
SEC Chair Mary Jo White spoke on the importance of capital raising programs for small businesses including two recent rulings that came out of the JOBS Act, Regulation A+ and Crowdfunding. In her talk, Chair White emphasized the importance of balancing the streamlining of capital formation for smaller issuers while still maintaining strong investor protection […more]
Technology can automate financial services, creating efficiencies and reducing cost. Accurate, timely information drives financial markets. And within the past two decades, technology-driven data standards have dramatically increased the efficiency of financial products. So it’s only logical to consider how they can be incorporated into fintech offerings. Without data standards, the automation and speed promised by new financial technologies, like […more]
Free, half-day forum on crowdfunding on June 28 in New York City, featuring speakers from the SEC, FINRA, Bankroll LLC, Computershare, Crowdnetics, FundAmerica, KPMG and Markit.
XBRL US announced a free half-day FinTech Forum: Crowdfunding & Data Standards which will provide an introduction to crowdfunding, the practice of funding a company or initiative by raising monetary contributions from a large number of people, through Internet-based funding portals. The event is hosted by Baruch College’s Zicklin School of Business at their 151 E. 25th Street campus and sponsored by the CFA Institute and features speakers from SEC, FINRA and more.