Great question! This relates to CfPA's policy platform. Here is our view on the topic.

Consistency of Terminology

The term “equity crowdfunding” is used frequently by industry participants. This term is misleading because it implies that what investors are getting is an equity investment which is of... more

Consistency and Transparency in Oversight of Portals

a. Consistent regulatory compliance is necessary to ensure the viability of the industry. All portals should be subject to the same level of scrutiny and enforcement. Rule violations should be addressed quickly to maintain the public’s confidence ... more

Great question! This relates to CfPA's policy platform. Here is our view on the topic.

Reform of Requirements for Financial Reporting

The requirement to provide an independent review or audit is nonsensical for a business with no operating history – we support tailoring the financial reporting requi... more

Great question! This relates to CfPA's policy platform. Here is our position on the topic.

Exemptive Relief for Small Offerings

Reg CF should be an accessible and useful tool for diverse businesses from small mom-and-pop shops to high-growth tech companies. The current rules make it financially infe... more

That's an important question. We'll quote the SEC directly (from here: 
https://www.sec.gov/info/smallbus/secg/rccomplianceguide-051316) to answer this question about the Form C-AR ("Form C Annual Report"):

e. Annual Reports
An issuer that sold securities in a Regulation Crowdfunding offering is ... more

I may be misunderstanding your question, but statistically Crowdfunding has exceeded every expectation in record time. CF has gone from a space synonymous only with Kickstarter (rewards and donation) supporters pledging an average of $35, to a dynamic marketplace where non-accredited investors previ... more

Good question. Title III of the JOBS Act established crowdfunding provisions that allow early-stage businesses to offer and sell securities. The SEC subsequently adopted Regulation Crowdfunding to implement the crowdfunding provisions of the JOBS Act. The role of the Financial Industry Regulatory Au... more

The CfPA represents a range of stakeholders in the crowdfunding industry including investors, issuers, intermediaries (/crowdfunding portals), and the growing community of service providers (e.g. accountants, lawyers, analytics firms, marketing and communications firms).

In order for the industry to... more