Why Elio Motors Makes Me Sad This article was originally featured on Crowdfund Insider I want to be clear: I am not an investor in Elio Motors. I did not participate in any manner with their offering under the new and improved Regulation A, and I did not promote it. I will gain nothing if…
What Fees Can You Charge in a Real Estate Syndication? For an introduction to real estate syndications read more here. The sponsor or syndicator is the person (or group of people) who sets up the investment structure, brings together the pool of investors, oversees and manages the investment, and ultimately through their efforts generates a…
SEC Rolls Out Update to Rule 147 Intrastate Offerings On April 20, 2017, amendments to Rule 147 and new Rule 147A, federal exemptions for intrastate offerings, finally went into effect. The amendments to Rule 147 and new Rule 147A are intended to modernize and update the exemption that allows companies to raise money from investors…
SEC Releases New Compliance and Disclosure Interpretations On Regulation Crowdfunding Yesterday, the SEC’s Division of Corporate Finance released two new Compliance and Disclosure Interpretations (C&DIs) answering questions related to Regulation Crowdfunding (Reg CF). CD&Is are the Commission’s way of giving some informal guidance, through a question and answer format, on how its staff members interpret…
Is the Accredited Investor Restriction Unconstitutional Discrimination? TLDR: no, it’s not, but read the rest if you want to know why. I recently attended CrowdConverge in Las Vegas and overheard an attendee mention how he believed the very concept of ‘accredited investor’ is discrimination based on income. For those who don’t know, U.S. securities laws…
Update on Regulation D: Data from 2016 Form D’s It’s been over a year since the SEC’s Division of Economic and Risk Analysis (DERA) published its report on Private Securities Offerings post-JOBS Act. And while since that time, DERA has published more data about Regulation CF and Regulation A, the SEC has yet to offer…
Discussing Fintech with a policy leader. On Monday March 6, 2017, Congressman Patrick McHenry gave keynote remarks at the Lendit Conference in New York City. Among the themes of his speech, McHenry talked about the need for financial inclusion, citing a statistic that counties with less than 100,000 saw a decrease in small businesses. At…
Syndication….? “What is a real estate syndication?” is a question our firm is asked often. Maybe you’re a developer, a real estate investor, or someone looking to expand your business by taking in outside investors to fund a larger project that you wouldn’t be able to do by yourself. Or maybe a friend or acquaintance…
So, you want to start a real estate crowdfunding (RECF) platform. This article is intended to serve as a basic guide. Decide on what you want to do There are many different types of crowdfunding platforms. You need to first make some business decisions as to what kind of platform you want to form: Will…
