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CF50 — Global Think Tank for Crowdfunding Leadership

NEW YORK, NY–(Marketwired – July 11, 2013) –  As crowdfunding becomes a viable capital-raising tool for startups worldwide, fifty leaders in the crowdfunding industry are uniting to create a think tank for the advancement of a global crowdfunding ecosystem. CF50 is a global nonprofit invite-only membership organization consisting of industry professionals, portal CEOs, academics, and policy makers who will carefully deliberate the direction crowdfunding takes as it becomes an internationally widespread practice. The recent lifting of the ban on general solicitation by the U.S. highlights the recent movements towards the democratization of capital formation.

The organization will convene at an annual global conference in which leaders are able to discuss highlighted issues and the future of crowdfunding. CF50 announced today that its leadership will consist of:  Read more:

SEC Adopts General Solicitation and Advertising in Certain Private Offerings

July 10, 2013

The SEC adopts Title II 506(c) – general solicitation and advertising of the JOBS Act, which removes the uncertainty about the forward progress from Chairwoman Mary Jo White.  As for her priorities at the agency, White said during her March confirmation hearing that her top priority would be to finish rulemaking mandates under the Dodd-Frank and JOBS Act “in as timely and smart a way as possible.”

“Given the explicit language f the JOBS Act as week as the statutory deadline which passed last July, the Commission should act without further delay,” White said before  today’s vote on Title II for general solicitation and advertising.  “This does not mean, however, that the Commission should not take steps to pursue additional investor safeguards if and where such measures become needed.

Wales Capital Summary: JOBS Act TItle II – Adoption

SEC’s Final Rules: http://www.sec.gov/rules/proposed/2013/33-9416.pdf