Crowdfunding Industry Unites Behind Regulatory Organization to Protect Investors
WASHINGTON, DC and NEW YORK, NY–(Marketwire – Mar 23, 2012) – With the passage of the JOBS Act, the Crowdfunding Industry is uniting behind a Self Regulating Organization (SRO) to monitor and oversee this new
marketplace and ensure investor protection. The Crowdfund Intermediary Regulatory Association will commit to providing investor protection and market integrity through effective and efficient regulation of those within the crowdfunding industry. CFIRA will create rules, oversight and a united voice for the CrowdFund Investing platform companies as the industry is formed. CFIRA announced today that the founding partners will be:
- Startup Exemption, The CrowdFund Investing authors that wrote the framework for the Crowdfund legislation passed by Congress.
- The SoHo Loft Capital Creation (TSLCC) Events, the definitive event platform for the private markets aimed at facilitating capital formation and job creation.
- Gate Technologies & GATE Impact, a platform and electronic marketplace and that provides regulatory compliant private market transactions. Continue reading
Are there any Canadian crowdfunding sites?
The answer is that there is at least one: Fundweaver.
I don’t know if it’s equity, debt, or donation based.
Crowdfunding Site Profounder Shuts Down
Just got the news this morning that a crowdfunding site called Profounder is shutting down. A far as I know they never really got going but it’s still sad to hear about the loss of a prospective member of the community.
There is now a group that lobbies for crowdfunding that supporters should know about.