Springboard The Startup Accelerator » Springboard. The Association for UK Interactive Entertainment. Offers SEC Proposals to Streamline Crowdfunding Notices on Social Media and Online Services « CFIRA. The Crowdfund Intermediary Regulatory Advocates (“CFIRA”) today provided recommendations to the Security and Exchange Commission on how crowdfunding notices can be offered on social media and other online sites that can harmonize with the SEC’s general solicitation rules and the newly enacted Jumpstart Our Business Startups Act.
A copy CFIRA’s letter to the SEC can be reviewed here. Title II of the Jumpstart Our Business Startups Act (the “JOBS Act“) requires that the Securities and Exchange Commission revise section 230.506 of Title 17 of the Code of Federal Regulations to “provide that the prohibition against general solicitation of general advertising contained in section 230.502(c) of such title shall not apply to offers and sales of securities made pursuant to section 230.506, provided that all purchasers of securities are accredited investors.”
CFIRA proposes that issuers should be permitted to send notices to investors without being deemed to be engaged in general solicitation. » Events Next Generation Finance Consortium. Crowdfunding Accelerator (25th October to 14th November at UCL London) Capital Enterprise in partnership with Crowdcube is launching in London the first ever accelerator programme that is designed to fast track businesses with good ideas to a listing on Crowdcube – the world’s number 1 crowdfunding platform for raising investment for new business ventures.
