A Michigan businessman and two associates allegedly misrepresented that their crowdfunding offerings would raise money for cannabis real estate investments.
Legislation passed by the House this week would ease some of the restrictions in the six-year-old Jumpstart Our Business Startups Act.
The bank is reportedly paying more than $220 million to join a wave of Wall Street acquisitions of fintech startups.
The crowd (and Wall Street) embrace an IPO from Chicken Soup for the Soul Entertainment.
The initial data suggest that Title IV, which amended Regulation A offerings, has been the most successful part of the JOBS Act.
But since then, shares of Myomo, a medical robotics firm, have been on a roller-coaster ride.
The JOBS Act was designed to help online capital formation. So far, the results have been disappointing.
By allowing issuers to solicit capital out of state, the commission recognized the "tremendous expansion of internet communications."
Title III of the JOBS Act — securities-based crowdfunding — goes into effect today. But there's a danger that it could be 'smothered at birth by red tape.'
What you need to know about crowdfunding, cybersecurity, location, borrowing, and avoiding culture clashes.
The easier IPO on-ramp has been a boon, but crowdfunding has a very uncertain future.
Finance chiefs wanting to raise capital online face a plethora of choices and challenges.
