What is the CFIRA v3

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.

Learn More

Why does the CFIRA Matter v2

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.

Learn More

What is the Legislation v2

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.

Learn More

Why Become a Member v2

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.

Learn More

CFIRA Commentary


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  
Read More

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...
Read More

17(b) Compliance

The capital markets are evolving at a rapid pace due to both new JOBS Act regulations and new ways to raise business capital online. An entire cottage industry has emerged around online fundraising/crowdfunding platforms, with promoters claiming to help companies...
Read More

International Crowdfunding Off to a Great Start

International crowdfunding is off to a great start. The United Kingdom released final rules and opened the market on April 1, 2014, and New Zealand approved two equity-based platforms, which has started connecting buyers and sellers online. The New Zealand...
Read More

Accredited Investor Definition

The Securities and Exchange Commission is considering changes to its 30-year-old definition of “accredited investor” that could have serious implications for the crowdfunding industry. Accredited investors are permitted to participate in private securities placements, and since the passage of the...
Read More

Title IV – Regulation A+

The issuance of proposed rules for Regulation A+, in December 2013, brought ~90 comment letters submitted to the SEC. Title IV of the JOBS Act increases the offering limit from $5 million to $50 million in a 12-month period, requires that certain...
Read More

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