Reg CF (Crowdfunding) Update
CrowdfundInsider.com shared a post this week celebrating Reg CF’s 3rd anniversary.
In the post, the highlight the ups and downs of Reg CF over the last 3 years and summarize where we are today.
Reg CF, the smallest crowdfunding exemption, allows an issuer to raise up to $1.07 million in a highly regulated environment. Issuers must use FINRA approved “Funding Portals” or Broker-Dealers as intermediaries in the funding process.
According to Crowdfund Insider; “there are 44 approved funding portals operating in the Reg CF sector; 9 funding portals have exited the sector and one has been suspended.”
It seems as though Crowdfunding portals have been struggling to turn a profit and support their business models. Many portals have expanded to offering a full suite of offering options (not just Reg CF) including; Reg D, Reg A, and even Token Offerings.
Learn more HERE.