Web's Largest listing of crowdsourcing and crowdfunding events
Web's Largest Directory of Sites2,358 crowdsourcing and crowdfunding sites
Is Crowdfunding the Future of Journalism?document
Crowdfunding Could Support Civil Rights Reportingdocument
Change Crowdfunding Lawblog
Scred: Open accounting and meaningful banking for communitiesdocument![CFIRA: Progress and Meetings with the SEC and FINRA [Live Chat]](/images/resized//editorial_13707_780x0_proportion.jpg?1344528586)
Key details: This week's live chat with the CFIRA leadership group, the group organizing to develop a self-regulatory framework for the crowdfunding industry, will begin at 9am PST / 12pm EST / 5pm BST on Monday, April 23. This week's chat will provide updates from a recent leadership group meeting held in New York on Wednesday, April 18 and meetings with FINRA and the SEC on Friday, April 20. You can submit your questions for this panel of experts right now in the comments at the end of this post, or to eric.mack@crowdsourcing.org.
It was a busy and fruitful week with well-attended meetings held in NY on Wednesday, April 18. The group agreed on two important mandates: first, the efforts to work with the SEC to guide the development of a framework for the regulation of the U.S. crowdfunding industry; and second, the need to work to coalesce the industry in order to form a united group that could represent the needs of the industry, beyond the development of a workable regulatory framework.
In this week's Live Chat we will be providing updates on the progress that has been made including details of meetings held with FINRA and the SEC.
We invite you to join members of CFIRA's leadership group and our securities attorneys for this week's live chat in order to learn of the progress that has been made and to invite you to continue to ask questions and provide input.
Please post any questions you have for this next Live Chat as comments to this post or to eric.mack@crowdsourcing.org. We will field the questions.
Flag This
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space, Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding practice expertise and unbiased thought leadership.
Posted by Carl Esposti
Based on comments I see on the site regarding the potential for a "broker-dealer light" registration process, does this mean that you are abandoning the creation of your own SRO and instead deferring to FINRA?
Also, have you considered alternative formats for the chats? It would seem that a more useful format would be to have the "panel" of key participants make a presentation of remarks (ideally through audio) and then respond to specific questions. The current approach has too much "talk-over" and does not seem very productive. There are too many cross-conversations, many with low value-added content, that are taking place. GoToMeeting has a format that would allow you to have an audio meeting with the key panel members speaking, and have the other participants able to text their comments, to which the panel can respond.
Thank you for your comment - we do plan to introduce a Webinar forum and we will communicate details soon.
Can retirement plans invest in crowdfunding companies? If so, will the portal need to be the custodian? I was asked this from a CFP.