CfIRA Proposes Safe Harbor and General Solitication Recommendations to the SEC

Today, the Crowdfund Intermediary Regulatory Advocates submitted recommendations to the Security and Exchange Commission on general solicitation under the new Jumpstart Our Business Startups Act, including recommendations on safe harbor for investment adviser issues, fraud, crowd commentary, peer-to-peer lending, and matching.
Cfira Letter to Sec 6.6.12
Cfira Letter to Sec 6.6.12  CFIRA was established following the signing of the Jumpstart Our Business Startups (JOBS) Act. CFIRA is an organization formed by the crowdfunding industry’s leading platforms and experts.  The group will work with the Securities & Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and other affected governmental and quasi-governmental entities to help establish industry standards and best practices. For more information, visit www.CFIRA.org.