The Securities and Exchange Commission (SEC) has scheduled an open meeting of the Commission to address several regulatory issues including an update to the current definition of an Accredited Investor. You can read more details about the meeting on Crowdfund Insider.
The meeting of the Commission will take place on August 26, 2020, at 10 AM ET and is open to the public and will be streamed live on SEC’s website .
For frequent questions related to accredited investors please visit https://www.verifyinvestor.com/support
Read More
The United States has experienced rising housing costs, now complicated by COVID-19 and the associated eviction crisis. Governments and communities alike are on the hunt for effective strategies. Crowdfunding trends may be the solution, with the potential to raise capital for affordable housing initiatives on a local level and beyond.
Read More
Following the 2008 Great Recession and its associated banking crisis, Bitcoin and other alternatives to traditional banks and currencies have continued to gain more appeal as long-term stores of value. As we make our way through the economic fallout of a global pandemic, this ongoing trend has become more apparent for Bitcoin and other cryptocurrencies.
Read More
For businesses ravaged by the COVID-19 pandemic and related shutdowns, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act back in March of this year. Part of that act, the Paycheck Protection Program (PPP) has provided billions of dollars in relief to about 5 million small businesses and nonprofits, along with some larger firms. Since implementing the program in March, the federal government has been expanding and modifying it so that more businesses may take advantage of the loans and keep their employees on the payroll. Below are some updates on this important legislation that will serve as a lifeline for many of our clients.
Read More
For many U.S. issuers that have been in operation for six months or longer, raising much-needed funds through Regulation Crowdfunding has gotten easier. In response to feedback from established U.S. small business owners struggling during the COVID-19 pandemic and related shutdowns, the Securities and Exchange Commission (SEC)'s temporary final rules now offer conditional relief easing and expediting the offering process for said issuers.
Read More
Sadly, in times of uncertainty, scams are rampant as tricksters exploit our COVID-related fears, anxieties, and hopes. In fact, the U.S. Federal Trade Commission (FTC) received 18,235 COVID-related reports this year, adding up to $13.44 million USD in combined losses due to fraud. The Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy (OIEA) and the Division of Enforcement’s Retail Strategy Task Force jointly issued a special investor alert on April 10, focusing specifically on COVID-related investment scams.
Read More
China’s Blockchain-based Service Network (BSN) is now ready for businesses to use globally. Shan Zhiguang, chairman of the Blockchain Service Network Development Alliance, announced the public launch on April 25, together with government officials and organizational leaders. The global infrastructure behind this new Chinese initiative will allow companies to develop and run blockchain applications more quickly, and at a lower cost than ever. Six months of beta testing proceeded the launch, during which over 2,000 developers got to try out the BSN, according to Cointelegraph.
Read More
Originally intended as COVID-19 relief loans for smaller companies lacking other funding options, the Paycheck Protection Program (PPP) implemented in the United States as part of the federal CARES Act, has also lent money to quite a few large firms. Amid the controversy, some of these larger companies have returned the PPP money. While many of them have been coerced into giving back the funds, others would defy the critics and hold out against the naysayers. We are here to share more information about the situation and will also let you in on some program updates that are of critical importance to small business owners.
Read More
We are glad to inform you that the Securities and Exchange Commission (SEC) is hosting a virtual event in an effort to bring the public and private sectors together. The 39th Annual Government-Business Forum on Small Business Capital Formation is a great opportunity to create public policy solutions that provide much-needed support for emerging businesses and their investors.
Read More
First, let’s talk about the fact that issuers of securities that utilize accredited investors have many more options in the private placement market compared with non-accredited investor-related offerings. Many of these options are exempt from SEC registration requirements. For instance, securities offered under the exemption in Rule 506(c) of Regulation D may be publicly advertised, but they are only open to accredited investors.
Read More