Tagged: crowdcheck

April 17, 2025 @ 3:26 pm By JD Alois  |  

It was recently reported that securities crowdfunding data provider KingsCrowd had announced the acquisition of CrowdCheck. CrowdCheck has been a mainstay in the securities crowdfunding sector. Founded by OG Sara Hanks, an attorney, CrowdCheck was one of the top legal firms assisting companies in filing… Read More

April 10, 2025 @ 10:55 am By JD Alois  |  

CrowdCheck, founded by securities crowdfunding OG Sara Hanks, has been sold once again. Securities crowdfunding data platform KingsCrowd has purchased the company. Terms of the deal were not revealed. Chris Lustrino, founder and CEO of KingsCrowd, stated that he has long admired CrowdCheck and thought… Read More

May 29, 2024 @ 10:13 am By JD Alois  |  

Crowdcheck is one of the foundational firms that entered the securities crowdfunding sector, supporting issuers and platforms that enable online capital formation. Crowdcheck is probably the top legal services firm preparing Reg A+ documents for issuers, which the Securities and Exchange Commission must qualify for… Read More

September 27, 2023 @ 3:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has published a long list of rule changes it intends to pursue. The complete agenda established by the Commission, under the leadership of SEC Chair Gary Gensler, is available here. One of the rule changes near the top is… Read More

August 31, 2023 @ 3:37 pm By JD Alois  |  

Earlier this month, CI reported on the Association of Online Investment Platforms (AOIP) – the group that advocates on behalf of platforms raising capital online – submitting recommendations to FINRA regarding a request for feedback on improving capital formation. FINRA [Financial Industry Regulatory Authority] is… Read More

August 2, 2022 @ 7:18 pm By JD Alois  |  

  The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC) met today to discuss liquidity for certain exempt securities in the form of secondary trading. More specifically, the Committee addressed securities issued under Reg CF (Regulation Crowdfunding) and Regulation A (Reg… Read More

May 27, 2022 @ 6:33 pm By JD Alois  |  

Reg A+ is one of three exemptions created under the JOBS Act of 2012 that legalized online capital formation or securities crowdfunding. Reg CF (Regulation Crowdfunding) initially allowed issuers to raise just $1.07 million (now $5 million), while Reg A+ allowed firms to raise up… Read More

May 4, 2022 @ 10:29 pm By JD Alois  |  

This past March, Chairman Gary Gensler announced the Securities and Exchange Commission was aiming to require disclosure on climate impact for registered firms. The Fact Sheet may be viewed here. Climate-related information would be required in firms’ registration statements and annual reports, including information about… Read More

April 11, 2022 @ 4:47 pm By JD Alois  |  

  Last week, on the anniversary of the JOBS Act of 2012, Republican members of the Senate Banking Committee pitched a new legislative initiative to support entrepreneurship, access to capital, and helping retail investors. The JOBS Act of 2012 legalized online capital formation. The JOBS… Read More

March 3, 2022 @ 4:55 pm By JD Alois  |  

The Importance of Compliance. Under the JOBS Act 0f 2012, online capital formation – or investment crowdfunding, became legal in the US. Three exemptions were created that enabled firms to raise money online to fund a company by selling securities. The legislation created Regulation Crowdfunding… Read More

February 22, 2022 @ 6:20 pm By JD Alois  |  

Assurely, an Insurtech that is serving the securities crowdfunding sector, has announced a new partnership with Crowdcheck – a leading legal services firm that specializes in online capital formation. According to a statement from Assurely, the partnership encourages all stakeholders utilizing CrowdCheck’s services to obtain… Read More

November 12, 2019 @ 9:53 am By JD Alois  |  

Last week, a meeting of the Securities and Exchange Commission (SEC) Investor Advisory Committee (IAC) held a meeting. On the agenda was the topic of the SEC’s concept release on regulatory harmonization. The concept release was initiated in recognition of the current ecosystem of private… Read More

January 24, 2019 @ 3:41 pm By JD Alois  |  

There has been a good amount of discussion about the impact of the government shutdown and the effect on government employees who are not being paid.  The shutdown is also undermining sectors of the economy that depend on furloughed public employees. One sector of finance that has… Read More

November 27, 2018 @ 9:26 pm By Samuel Guzik  |  

As the expression goes:  “Look before you leap.”  But if you are an innovator, determined to blaze a trail never before navigated – there is not much to look at. Being a pioneer can be a lonely and dangerous adventure.  Nothing could be more true… Read More

November 26, 2018 @ 4:18 pm By Samantha Hurst  |  

KoreConX announced on Monday it has formed a partnership with CrowdCheck Law LLP, a law firm that is seeking to help companies navigate through the JOBS Act regulations. According to KoreConX, CrowdCheck Law, LLP is an affiliated law firm of CrowdCheck, Inc., a market leader in compliance… Read More

November 13, 2017 @ 3:00 pm By Amy Wan  |  

On Friday, November 10, 2017, StartEngine, a Regulation Crowdfunding platform based in Los Angeles, California organized ICO 2.0 Summit, the first regulated ICO conference – or at least the first that I’ve seen. While there seem to be an explosion of ICO and Blockchain-related conferences… Read More

February 21, 2017 @ 8:58 pm By JD Alois  |  

  Sara Hanks is well known in the alternative finance/crowdfunding space. Hanks is CEO and founder of CrowdCheck –  a due diligence, disclosure and compliance services for online capital formation. She is a Board member of CFIRA and is the current Chair of the SEC’s… Read More

November 9, 2016 @ 2:34 pm By JD Alois  |  

uFundingPortal, a Regulation CF crowdfunding platform that was, until recently, a regulated and FINRA approved platform has been shut down. Today, the site is gone and has been removed from the list of FINRA approved platforms indicative of some sort of transgression regulators could not tolerate…. Read More

August 5, 2016 @ 10:10 am By JD Alois  |  

Title II and Title IV of the JOBS Act created two different forms of investment crowdfunding. Title II allows issuers to “generally solicit” or advertise securities  sold under this exemption. The catch is that only  accredited investors may purchase these securities.  Title IV of the… Read More

May 24, 2016 @ 10:01 am By JD Alois  |  

Title III platforms launched last week on May 16th. Multiple platforms had received approval from FINRA/SEC and a good number of issuing companies queued up to offer equity or debt in their companies. While opinions in the media were mixed as to whether the Reg… Read More