Canadian Corporate & Securities Lawyer
A review of articles, media and public references to “crowdfunding” and “equity crowdfunding” suggest the terms do not have a commonly understood meaning. “Crowdfunding” typically refers to non-equity Crowdfunding which includes donation, pre-purchase and rewards and perks platform models and includes portals such as KickStarter, Indiegogo and RocketHub. “Equity Crowdfunding” involves the selling of securities […]
Angel investors should not sit on the sidelines in equity Crowdfunding rather they should look for opportunities and establish themselves as the key players in this new ecosystem of capital raising. Angels are not to be displaced but embraced as individuals who have experience, knowledge and information that the crowd wants and needs in order to […]
The British Columbia Securities Commission (the BCSC) published a Guide in October 2013 called Capital Raising For Small Business (the Guide). The Guide states that it is for any small business, whether it be a start-up or an established business, that wants to raise money from private investors. It sets out how raising money from private investors differs from […]
The European Crowdfunding Network released today a Review of Crowdfunding Regulation – Interpretations of existing regulation concerning Crowdfunding in Europe, North America and Israel (the Report). The Report discusses Crowdfunding regimes in 29 countries including Canada and the United States. It is the first ever compilation of its kind with authors from various law firms […]
The United States Financial Industry Regulatory Authority (FINRA) published its proposed “Funding Portal Rules” and related forms for SEC registered funding portals that become FINRA members under Regulation Crowdfunding (Title III of the JOBS Act). The comment period ends on February 3, 2014.
