CFIRA SLIDE final 9-02-14 pt2
Cfira - Funding Platforms Register Now
JOBS Act Title III - Final Rules
What-is-the-CFIRA V2

The Crowdfund Intermediary Regulatory Advocates (CFIRA), in a Not-for-Profit 501(c)6, that was established following the signing of the JOBS Act in April 2012.

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Why does CFIRA Matter

CFIRA serves as industry advocates for the Crowd Investing ecosystem.  With over 100 Members that comprises of Funding Platfroms, Broker Dealers, Service Providers, Investors and Entrepreneuer, we are here to make a difference in the capital market.

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What is the Legislation

On April 5, 2012, President Barack Obama signed the Jumpstart Our Business Startups Act (JOBS Act) into legislation, to catalyze funding for emerging growth companies and job creation.

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Why Become a Member

Become a Member of CFIRA if you want to make a difference by helping to democratize the capital markets for the thousands of underfunded emerging companies and investors seeking to make investments.

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CFIRA Commentary


SEC Approves FINRA Funding Portal Rules

SEC-registered funding portals that want to become FINRA members pursuant to the crowdfunding provisions of Title III of the JOBS Act and the SEC’s Regulation Crowdfunding can apply starting January 29, 2016, which aligns with the effective date of the...
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FINRA Publishes Final Rules

Today marks another historic day for the crowdfunding industry with FINRA publishing the final rules to the federal register.  However, the public can continue to submit comments.  The SEC approved FINRA’s proposed Funding Portal Rules and related forms for SEC-registered...
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JOBS Act: A Comparison Chart of Regulation A+ and Reg D offerings

Author: Sherwood Neiss and Jason Best, Crowdfund Capital Advisors Sixty days from when the final rules are posted to the Federal Register, a new version of crowdfunding for accredited and unaccredited investors will go live in the United States. This adds...
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Regulation A+ and Testing the Waters

April 1, 2015, Author: Andrew Stephenson, Crowdcheck One of the most useful provisions of the Regulation A+ Rules issued by the SEC on May 25 is new Rule 255, “Solicitations of interest and other communications.” This provision allows companies to “test...
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Déjà Vu 2012: A Zombie-Frankenstein JOBS Act 2.0 in the Works

Is JOBS Act 2.0 in the works?  D.J. Paul, the co-founder and board member of two crowdfunding industry organizations, the Crowdfunding Intermediary Regulatory Advocates and Crowdfunding Professional Association, “believes that there will be a JOBS Act 2.0.” Read More  
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Vice chairman of the House Financial Services Committee

Staff report Rep. Patrick McHenry (R, NC-10) was named vice chairman of the House Financial Services Committee by chairman Jeb Hensarling on Wednesday, according to a press release McHenry’s office issued Thursday. McHenry, who also serves as the chief deputy...
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CFIRA - Crowdfund Intermediary Regulatory Advocates

Despite this significant progress, there is much that the SEC still needs to accomplish. Completing the rulemakings and studies mandated by Congress in the Dodd-Frank and JOBS Acts remains among my top priorities.

Chairman Mary Jo White, Securities and Exchange Commission, Testimony before the Subcommittee on Financial Services and General Government Committee on Appropriations, United States Senate, May 14, 2014

The Commission has another great opportunity in its rulemaking for crowdfunding. Crowdfunding holds the promise of harnessing the power of the internet to provide capital for start-ups and small businesses that otherwise lack access to such capital.

EC Commissioner Kara M. Stein addressed the North American Securities Administrators Association (NASAA) at their 2014 Public Policy conference in Washington, DC., April 8, 2014