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.
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.
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.
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,
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.,