Archive for Articles
Law Prof Urges “Keep it Light, Chairman White”
“Keep it light, Chaiman White,” University of Colorado Law Associate Professor Andrew Schwartz urges the SEC on formulating new regulations for equity crowdfunding. In a law review article entitled “Keep It Light, Chairman White: SEC Rulemaking Under the Crowdfund Act” just published in the Vanderbilt Law Review, Professor Schwartz says the SEC should keep the rules and regulations [...]
Small Businesses Lead the Charge for Job Growth in May 2013
June 13, 2013 – Small businesses took the lead in creating new jobs in May 2013, according to the ADP National Employment Report released this week. Small businesses provided 58,000 new jobs out of the 135,000 non-farm private jobs created in the US. The Small Business Administration reports that from 2005 through 2010, startups created [...]
Crowdfunding: Where Dollars meet Dreams
The editors of bestaccountingdegrees.net offer the following infographic on where dollars meet dreams through crowdfunding.
JOBS Act, Version 2
Washington, DC – June 12, 2013 – The House Financial Services Committee began exploring today the need for additional laws to reduce additional barriers to capital formation. The hearing today falls on the heel of the last year’s enactment of the Jumpstart Our Business Startups Act. The Subcommittee on Capital Markets and Government Sponsored Enterprises began [...]
Deloitte “Seeing Double” for Crowdfunding
Crowdfunding portals “bring in the bucks,” professional service firm Deloitte Touche Tohmatsu declares in its new Technology, Media & Telecommunications Predictions for 2013. Deloitte predicts that crowdfunding portals will raise $3 billion in 2013, double the $1.5 billion raised in 2011. “In aggregate, crowdfunding portals are already a multi-billion dollar industry, growing at more than [...]
Obama Nominates Senate Aides for the SEC
Washington, DC – May 23, 2013 — President Barack Obama nominated today Kara Stein, an aide to Sen. Jack Reed (D., R.I.), and Michael Piwowar, an aide to Sen. Mike Crapo (R., Idaho) to the Securities and Exchange Commission. Ms. Stein would succeed Democratic Commissioner Elisse Walter, and Mr. Piwowar would take over the spot currently [...]
GOP Pushes SEC Chair to Implement Rules for JOBS Act
Washington, D.C. - May 13, 2013 - Senators John Thune (R-S.D.) and Pat Toomey (R-Pa.), and Representatives Kevin McCarthy (R-Calif.) and Patrick McHenry (R-N.C.) today sent a letter to the Chairman of the U.S. Securities and Exchange Commission (SEC), Mary Jo White, urging the SEC to move forward with the proposed rule to implement Section 201 of [...]
Wharton Study: Crowdfunders Use Similar Benchmarks As VCs To Fund Entrepreneurs
Crowdfund donors examine entrepreneurial quality in similar ways as venture capitalists, according to Wharton management professor Ethan Mollick. His new study casts some doubt that crowdfund donors are an unsophisticated lot. The Securities and Exchange Commission currently is drafting rules to implement crowdfund investing under the federal JOBS Act. According to Professor Mollick’s recent paper, “Swept Away [...]
Donald Trump Jumps Into the Crowdfunding Fray
New York, NY – May 8, 2013 – Fundanything.com launched its crowfunding site with the backing of New York business mogul Donald Trump and William Zanker. Messrs. Trump and Zanker are the latest of a series of investors over the past week who have invested in crowdfunding platforms. “I’m taking a stand, and am putting [...]
SEC Chair Seeks $1.674 Billion Budget; Says Crowdfund Rules a Key Priority
Washington, D.C. – May 7, 2013 – Mary Jo White, the new chair of the Securities and Exchange Commission, urged members of a House panel to approve her agency’s request for $1.674 billion budget in order to fulfill its mission to create rules for crowdfunding under the Jumpstart Our Business Startups Act (JOBS Act) as well [...]
