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Fundit securities compliance conference launches amid new crowdfunding laws

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Details for the much-anticipated FundIt Conference to be held at The Bellagio Hotel in Las Vegas on April 26-27, 2016 have been announced by FundAmerica and CFIRA. The educational and nationally-recognized event is going to take place just before the coming into effect of new crowdfunding platforms and service rules by Securities and Exchange Commission’s (SEC).

FundIt is the first and only educational conference organised to prepare the crowdfunding industry as well as its service providers including compliance, legal, technology, marketing and accounting professionals for the slated regulatory changes through a series of educational seminars, workshops and keynote presentations. The conference will feature representatives and experts of regulatory and advocacy bodies and expected to include the SEC, FINRA, CFIRA and NASAA.

Topics such as Titles II, III and IV, FINRA audits, risks of general solicitation, liability of platforms, EB-5 and international investors, state considerations and concurrent offerings will be covered at the groundbreaking conference, providing both authoritative analysis and practical advice.

Scott Purcell, FundIt co-organizer and founder and CEO of FundAmerica said, “This is an exciting time in capital markets, with brokers, issuers and others now able to use the internet to raise capital and sell equity and debt securities”.

Purcell said, “Compliance is a critical issue that looms large for everyone in the space and it’s important for the industry to come together and discuss the issues that affect us so we can work together to get this right”.

Douglas S. Ellenoff, a FundIt Sponsor and foremost legal authority on the JOBS Act crowdfunding provisions, said education is paramount for professionals and businesses trying to understand the new regulatory regime.

Ellenoff said that with the full implementation of all three crowdfunding provisions of the JOBS Act pending (Title II, III and IV), let us not forget that more than approximately £70 million of online venture and real estate financings have already been processed, primarily under 506(b) and 506(c). The pioneers of the industry have actually embraced and not fought the regulatory nature of the securities industry.

“The continued success of online crowdfunding will depend in large measure on the respect that is paid to the securities industry at large and the ability for relevant stakeholders to be properly informed about the new rules.”

The conference is endorsed by CFIRA and supported by many media outlets such as Forbes, CNBC and Equities.com, and is a must-attend event for anyone looking to navigate the new regulatory and business environment.

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Paul

The author Paul