Tagged: broker-dealer

October 31, 2019 @ 9:49 am By JD Alois  |  

FINRA regulated Broker-Dealer Watchdog Capital believes in the future of blockchain-powered digital securities. Watchdog in a release said distributed ledger technology will soon “transform global capital markets.” The firm says that rather than fight the rising digital tied it plans to build a platform that… Read More

July 26, 2019 @ 12:00 pm By JD Alois  |  

Crowdfunding Platform Tops $100 Million in Funding StartEngine, one of the largest crowdfunding platforms in the US, has been approved as a broker-dealer. Following 18 months of working with regulators, Broker-Dealer StartEngine Primary, is now a wholly-owned subsidiary of StartEngine Crowdfunding Inc. and is registered… Read More

July 3, 2019 @ 4:23 am By Cali Haan  |  

Gemini, a New York-licensed cryptocurrency exchange owned by the Winklevoss twins, is seeking a broker-dealer license to sell tokenized securities from the Financial Industry Regulatory Authority (FINRA), an unnamed source has told CoinDesk. In doing so, Gemini is seeking to go beyond providing regulated cryptocurrency trades… Read More

June 15, 2019 @ 6:36 pm By JD Alois  |  

Silicon Prairie, an investment crowdfunding platform that offers securities as a Reg CF portal as well as under intrastate securities exemptions, is now a broker-dealer. But Silicon Prairie is not required to be regulated by FINRA as it has received approval to operate under the… Read More

April 15, 2019 @ 2:08 pm By JD Alois  |  

NextSeed, a FINRA regulated funding portal issuing securities under Reg CF, has become a broker-dealer. In an email distributed to its community, NextSeed announced the change in strategy for its investment crowdfunding platform. The announcement was joined by a site re-design and the addition of… Read More

February 26, 2018 @ 8:25 pm By JD Alois  |  

  Circle’s acquisition of cryptocurrency exchange Poloniex was big news today. The combination of the two platforms may create a powerful payments / money transfer / digital currency exchange with a global presence. Simultaneously, questions crocked up about Poloniex’s exchange site that is operating without… Read More

November 15, 2017 @ 11:37 pm By Jor Law  |  

Despite the record success of many initial coin offerings (ICOs), raising capital for ICOs is a difficult process.  It is tempting to accept help anywhere one can get it, and there is no shortage of persons and companies clamoring to “find” or refer investors in… Read More

September 28, 2017 @ 11:32 am By Samantha Hurst  |  

Earlier this week, StartEngine announced it is now aiming to sell securities in all 50 states without a broker-dealer. This news comes less than a month after the equity crowdfunding platform filed with the Securities and Exchange Commission to raise up to $5 million in common equity… Read More

June 5, 2017 @ 9:25 am By Joshua G. Hamilton, James H. Moon & Bret M. Geckeler  |  

Crowdfunding regulations were enacted with the goal of providing small businesses access to capital without imposing arduous registration and disclosure burdens.[i]  In that regard, the regulations have shown significant promise. Commentators have rightfully highlighted the substantial benefits to both issuers and investors based on their… Read More

July 1, 2015 @ 12:14 pm By Anthony Zeoli  |  

  Last week the U.S. Securities and Exchange Commission (SEC) issued  a Cease and Desist Order (the “Order” embedded below) against two related companies for acting as unregistered broker-dealers in connection with the sale of securities under the “EB-5” Investor Program (also sometimes referred to… Read More

June 2, 2014 @ 9:02 am By JD Alois  |  

Michigan has been one of the states at the forefront of allowing intrastate investment crowdfunding to occur as Title III retail crowdfunding remains in a regulatory holding pattern.  The state has found capable champions in the legislature and within the business community making crowdfunding a… Read More

February 21, 2014 @ 12:02 pm By Charles Luzar  |  

EquityNet has announced a partnership with Dow Jones MarketWatch via Crowdnetic and North Capital Private Securities that seeks to allow issuers to “showcase their private offerings” on MarketWatch, CrowdWatch and other crowdfunding platforms. Privately-held businesses can use EquityNet’s new distribution network and patented technology to showcase… Read More

July 28, 2013 @ 11:11 am By Charles Luzar  |  

Daniel Gorfine is the Director of Financial Markets Policy at the Milken Institute. He has long been a balanced, pragmatic voice in the crowdfunding conversation, which is why his recent piece in Washington Monthly should be cause for concern. It’s important to note that the… Read More

May 13, 2013 @ 8:31 am By JD Alois  |  

CommunityLeader and Benjamin & Jerald have  jointly announced  the launch of cTrade—as an accredited and authorized broker-dealer solution for crowdfunding portals. cTrade was designed to support the online solicitation and sale of securities in today’s regulatory environment, and will be fully prepared to support portals… Read More

March 29, 2013 @ 9:36 am By Washington Post  |  

  While start-up owners eagerly await the Securities and Exchange Commission’s regulations for crowdfunding, a handful of broker/dealers are racing to be the first to capi­tal­ize on the phenomenon.   An exemption in the Securities Act allows start-ups to conduct a version of crowdfunding today — as long… Read More

March 28, 2013 @ 8:24 am By Charles Luzar  |  

As we approach the dawn of equity crowdfunding in the US, one of the challenges portals will eventually face has to do with educating their entrepreneurs about how to stay on the right side of the SEC. Specifically, I want to talk about the difference… Read More

February 9, 2013 @ 3:03 pm By Dodd-Frank.com  |  

On February 5, 2013, the SEC released FAQs regarding Section 201 of the JOBS Act, which offers a new limited exemption from broker-dealer registration. In addition to directing the SEC to adopt rules lifting the ban on general solicitation in Rule 506 offerings to only accredited investors (provided… Read More

December 19, 2012 @ 12:55 pm By Sarah Lacy, PandoDaily  |  

In perhaps the worst kept secret in venture history, SecondMarket and AngelList have teamed up to allow accredited investors to legally invest purely online on AngelList for the first time. Basically, it’s getting a head start on the JOBS Act while we wait for it to become… Read More

December 11, 2012 @ 12:58 pm By Charles Luzar  |  

SoMoLend’s platform can service a broader range of borrowers and lenders to fuel small business growth CINCINNATI— While it remains somewhat difficult to obtain financing from traditional means, small business borrowers can now reach out to friends, family and other high net-worth individuals to secure financing…. Read More

December 4, 2012 @ 1:33 pm By Charles Luzar  |  

ConfidentCrowd Launches Accredited Investor Access for Broker-Dealer Members In Accordance with Title II of JOBS Act PHOENIX–(BUSINESS WIRE)– Dinan & Company today announced that its unique crowdfunding platform ConfidentCrowd will offer small and mid-sized businesses the opportunity to participate in much larger equity-based financings than available under… Read More