Course DescriptionThe JOBS Act recently paved the way for securities crowdfunding - that is, when a large number of investors make small investments in companies via online portals. Once implemented, securities crowdfunding will revolutionize the way small businesses and start-ups acquire capital. This program explores the new rules, and delves into the potential impact on companies and investors. Among the key issues discussed are investor limits, exemptions, safe harbors, intermediaries, disclosures, and advertising. The speakers also provide a wealth of guidance to attorneys in counseling their clients on what type of offering to pursue.
Length: 1hr 9min
- Sharon S.
- Richard R.
- Eugene L.
Meet the Lecturer(s)
Sara Hanks, co-founder and CEO of CrowdCheck, is an attorney with over 30 years of experience in the corporate and securities field. Her position prior to founding CrowdCheck was General Counsel of the bipartisan Congressional Oversight Panel, the overseer of the Troubled Asset Relief Program (TARP), which was chaired by now-Senator Elizabeth Warren. Sara brings a wealth of legal expertise in securities and start-ups to the emerging marketplace for crowdfunding and other online offerings. CrowdCheck provides compliance and due diligence services for online alternative investments, helping investors get the information they need to make informed investment decisions and avoid fraud, and helping entrepreneurs and intermediaries avoid liability. Sara has worked with the London law firm Norton Rose, as well as the D.C. office of Rogers & Wells. She later joined the Division of Corporation Finance of the Securities and Exchange Commission and as Chief of the Office of International Corporate Finance led the team drafting the regulations that put into place a new generation of rules governing the capital-raising process and the way in which non-U.S. companies accessed the U.S. capital markets.
Andrew D. Stephenson, Director of Research Operations and Client Services for CrowdCheck, has a wealth of experience assisting broker-dealers and online funding platforms with objective due diligence on listed and promoted companies offering securities. Since joining CrowdCheck in January 2013, Andrew has worked with a number of funding portals and identified significant oversights and issues with their issuer companies—including defective corporate governance and material inconsistencies and misstatements in offering materials. Andrew works with CrowdCheck's team of researchers to develop best practices for efficient and effective due diligence for small, online securities offerings. Prior to joining CrowdCheck, Andrew was involved with evaluating internal company communications and reports as part of complex civil litigation matters. Andrew has also worked for the United States Congress. While there, Andrew evaluated and drafted policy on a range of issue areas.