The US crowdfunding sector is getting a boost with the SEC passing Title III and easing the process for private firms to raise money.
Regulation A+ of the JOBS Act made it possible for private companies in the US to raise funds from unaccredited investors back in June. Now, fundraising becomes even easier with the SEC approving Title III of the JOBS Act which provides directives specifically for Crowdfunding platforms.
The establishment of the JOBS Act helped boost the equity crowdfunding sector in the US, with Regulation A+ opening up platforms to a greater array of investors. However, the previous law did have financial constraints that made it costly to use sales to unaccredited investors.
With Title III passed and expected to come into effect in January 2016, private firms will be able to raise up to $1 million in capital from investors on crowdfunding platforms. This differs from Regulation A+ which put rules in place to raise up to $50 million from unaccredited investors, but wasn’t geared specifically towards crowdfunding. As a result, the rules were limited to firms willing to satisfy a large assortment of auditing and regulatory requirements and could be expected to incur between $50,000 to $100,000 in legal and accounting fees.
With regard to Title III, companies will also be required to submit company information, but on a smaller scale. Required information includes audited tax returns, description of the business, and information about large shareholders.
Crowdfunding platforms excited
In reaction to Title III being voted in by the SEC, crowdfunding platform operators in the US have been quick to predict an immediate uptake by startups to choose crowdfunding to raise capital. According to Ron Miller, CEO of StartEngine, he believes that over the next five years, we are likely to see 20,000 new small businesses raise capital under these new rules.
Miller explained: “Title III represents the greatest advancement for entrepreneurship in a generation. Historically, the single biggest barrier to bringing new innovations to market is the difficulty of accessing capital. Title III levels the playing field, and could result in the creation of tens of thousands of lucrative jobs right here in America.”
In a release by SeedEquity, the crowdfunding platform cited research from Mattermark that “97% of U.S. respondents noted they would invest in startups given the opportunity. However, 63% of respondents don’t qualify as Accredited Investors”. As such, Title III is expected to provide a huge benefit to investors, with SeedEquity CEO Todd Crosland stating: “The SEC passing Title III of the JOBS Act will be a watershed event for both startups and investors. Startups and the general investing public will be forever changed.”
Regulation A+ of the JOBS Act made it possible for private companies in the US to raise funds from unaccredited investors back in June. Now, fundraising becomes even easier with the SEC approving Title III of the JOBS Act which provides directives specifically for Crowdfunding platforms.
The establishment of the JOBS Act helped boost the equity crowdfunding sector in the US, with Regulation A+ opening up platforms to a greater array of investors. However, the previous law did have financial constraints that made it costly to use sales to unaccredited investors.
With Title III passed and expected to come into effect in January 2016, private firms will be able to raise up to $1 million in capital from investors on crowdfunding platforms. This differs from Regulation A+ which put rules in place to raise up to $50 million from unaccredited investors, but wasn’t geared specifically towards crowdfunding. As a result, the rules were limited to firms willing to satisfy a large assortment of auditing and regulatory requirements and could be expected to incur between $50,000 to $100,000 in legal and accounting fees.
With regard to Title III, companies will also be required to submit company information, but on a smaller scale. Required information includes audited tax returns, description of the business, and information about large shareholders.
Crowdfunding platforms excited
In reaction to Title III being voted in by the SEC, crowdfunding platform operators in the US have been quick to predict an immediate uptake by startups to choose crowdfunding to raise capital. According to Ron Miller, CEO of StartEngine, he believes that over the next five years, we are likely to see 20,000 new small businesses raise capital under these new rules.
Miller explained: “Title III represents the greatest advancement for entrepreneurship in a generation. Historically, the single biggest barrier to bringing new innovations to market is the difficulty of accessing capital. Title III levels the playing field, and could result in the creation of tens of thousands of lucrative jobs right here in America.”
In a release by SeedEquity, the crowdfunding platform cited research from Mattermark that “97% of U.S. respondents noted they would invest in startups given the opportunity. However, 63% of respondents don’t qualify as Accredited Investors”. As such, Title III is expected to provide a huge benefit to investors, with SeedEquity CEO Todd Crosland stating: “The SEC passing Title III of the JOBS Act will be a watershed event for both startups and investors. Startups and the general investing public will be forever changed.”
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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Looking to expand your network in #Africa?
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20-22 MAY 2024
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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