When President Barack Obama signed the JOBS Act into law on April 5, 2012, Section 3(a) of the Securities Exchange Act of 1934 was amended to include a new definition for “funding portal.”1 Funding portals, along with brokers, are the lucky players through which all crowdfunding transactions must be conducted.2 But just how lucky are…
Author: Marcus Hoffman
University of Michigan
JD Candidate, 2015
San Diego State University
BS in Finance, 2008
Tech in 2014: Bring out the Bubbly or Pop goes the Bubble?
Giants like Facebook and Twitter have entered the public markets with huge valuations, and more tech companies are expected to follow in 2014. However, this is only stirring the debate on whether those popping champagne bottles are the precursor of a popping tech bubble. Some say that we are seeing the dot-com bubble all over…
Detroit’s Burgeoning Entrepreneurial Ecosystem
When most Americans think of Detroit today, they think of the largest municipal bankruptcy in U.S. history, pictures of derelict buildings and houses, and ultimately, a city on the decline. However, ask a true entrepreneur what they think of Detroit today, and you will most likely be given an answer that can be summed up…
The SEC’s Lift on the Ban on General Solicitation
On July 10, 2013, the Securities and Exchange Commission lifted an 80-year old ban on the general solicitation of private securities offerings to individual investors. The decision came as a response to Section 201(a) of the Jumpstart Our Business Startups (JOBS) Act of 2012, which amends Rule 506 of Regulation D under the Securities Act…