One Year After the SEC Capital Markets Subcommittee Hearing: Investor Protection Is Still the Missing Piece
A little over a year ago I sat through the SEC Capital Markets Subcommittee hearing on Regulation Crowdfunding (Reg CF) and Regulation A+. I walked away with mixed feelings. The advocates pushing to expand these pathways for capital formation got me fired up, especially for what it means for small businesses and everyday investors. But I was also frustrated that comprehensive risk mitigation and investor protection barely came up.
Twelve months later, not much has changed on that front. The advocacy for expanding Reg CF and Reg A+ has only gotten louder, and rightly so. But the conversation around protecting the unaccredited investors these frameworks are designed to welcome still hasn't caught up. So I want to take another swing at why that matters, and why TigerMark D&O exists to fill exactly that gap.
A quick note on what's changed on my end. TigerMark now sits under Equal Parts Insurance, the AI-native brokerage and MGA I joined when Assurely was acquired in 2025. The product i...more
2025 Regulated Investment Crowdfunding Summit - Detailed Agenda
2025 Regulated Investment Crowdfunding Summit
Overview
Day 1 – Tuesday, October 21, 2025: Advocacy Visits & Pre-event Reception
- AM & Afternoon: Constituent drop-ins (Capitol Hill) and regulator visits (DC)
- 5:30 – 7:30 PM: Cocktail Reception (@ National Union Building, 918 F St NW, Washington, DC 20004)
Day 2 – Wednesday, October 22, 2025: Summit Conference
- 8:30 AM–5:30 PM: Detailed agenda below. (@ National Union Building, 918 F St NW, Washington, DC 20004)
- ~6:00 – 8:00 PM: No-host happy hour / dinner (nearby venue TBD)
Day 1 · Tuesday, Oct 21 — Advocacy & Reception
Meet The Member Interview Series: A Conversation with Andrew Field
As a venue for industry networking, the Crowdfunding Professional Association (CfPA) occasionally highlights the participation or biography of our association members. CfPA membership is designed to be inclusive and open to individuals and organizations sharing a professional interest in the field of Regulated Investment Crowdfunding.
Interview With Andrew Field
CfPA: Can you tell us a little about your background and your interest in the field of regulated investment crowdfunding?
Andrew: I’ve spent much of my career at the intersection of innovation, entrepreneurship, and finance - with a particular focus on how technology can democratize access to capital. My current role is with a crowdfunding technology provider (Dacxi Chain) but I have joined the CfPA in my capacity as Steering Committee Lead for the Global Equity Crowdfunding Alliance (GECA) which brings that all together. GECA exists to connect stakeholders across borders and drive ...more
25 Reasons to Invest Through Regulated Investment Crowdfunding for Social Impact
I’ve spent years immersed in the world of impact investing, and if I sound a little fired up today, it’s because I am. The traditional capital markets continue to overlook brilliant, diverse entrepreneurs—especially those working in and for their communities. That’s why I’m passionate about regulated investment crowdfunding (Regulation Crowdfunding or Reg CF, particularly). It’s not perfect, but it’s the most promising tool we have to democratize access to capital, empower underrepresented founders, and reshape our economy from the ground up. Here are just a few of the reasons I believe so deeply in this movement:
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Democratization of Capital
Reg CF breaks down barriers that historically excluded all but the wealthy from investing in private ventures. -
Access to Overlooked Founders
Traditional VC overlooks diverse founders; Reg CF helps level the playing field by allowing the crowd to support talent the system ignores. -
Rooted in Community
Reg CF enables investment in local businesses a
CfPA Regulated Investment Crowdfunding and Leadership Summit 2024 - Detailed Agenda
Day 1 (10/22: Tues.) : Advocacy Visits & Pre-event Reception
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10:00 AM - 5:30 Advocacy Meetings
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Capitol Hill + Regulator visits CfPA members registered for the Summit may be eligible to attend some of the advocacy meetings. |
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5:30-8:00 PM Cocktail Reception |
Sunset Cocktail Reception Top of the Town - Top Floor and Rooftop (1400 14th Street North, Arlington, VA) (Streaming Music by DJ Scott McIntyre)
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Day 2 (10/23: Wed.) : Conference and Summit
Venue: Top of the Town (Top Floor 1400 14th Street North, Arlington, VA)
“One of the most magnificent views in Washington”
...more
Meet The Member Interview Series: A Conversation with Paul Lovejoy
As a venue for industry networking, the Crowdfunding Professional Association (CfPA) occasionally highlights the participation or biography of our association members. CfPA membership is designed to be inclusive and open to individuals and organizations sharing a professional interest in the field of Regulated Investment Crowdfunding.
Interview With Paul Lovejoy
CfPA: Can you tell us a little about your background and your interest in the field of regulated investment crowdfunding?
Paul: I was a defrauded investor in 2008 and became deeply concerned about concentrations of wealth and too-big-to-fail banks. Seeking answers, I volunteered for the Obama campaign in Florida and became enmeshed in politics to try and understand how we got too big to fail banks and a financial crisis. However, by 2016 blame, gridlock and lobbyists eventually drove me out of engaging in politics any further.
Are Current Debt and Revenue-Share Interest Rates Fair for Investors?
While many investors typically feel that debt deals are “lower-risk” than equity deals in investment crowdfunding, I’ve always wondered if that’s really the case. As investors, we have plenty of options for where to put our money — like zero-risk savings accounts at banks currently offering 4.6% or even 5% interest! So, I decided to dig into the data on debt and revenue-share offerings to see if the interest rates are actually compensating investors for the risks they’re taking.
Required annual interest rates and payback multiples over 6.4 years for investors holding a diversified portfolio of debt and revenue-share Reg CF deals to break-even after accounting for failures and risks.
...moreTLDR: to adequately compensate Reg CF investors for risk and opportunity costs, we estimate that the current average debt interest rate should be roughly 11.1% on pre-revenue deals and 10.2% on post-revenue deals. For revenue share notes, the break-even payback mu
KingsCrowd and Radivision® Partner to Support New Startup Funding and Private Market Investing
San Francisco, CA (June 12, 2024) Radivision® and KingsCrowd today announced a strategic partnership to give retail investors the tools they need to participate in the growing private markets while delivering a new funding source to startups. This collaboration unites Radivision’s strengths as a streaming and social platform that connects retail investors to startup content and opportunities with KingsCrowd’s unparalleled expertise in private market data and analytics.
The partners’ shared mission is to demystify private market investing and give more people the confidence to participate in startup wealth creation, which has outperformed the public markets by 70% or more for most of the past 25 years. This is an especially vital need today. Shifts in the public markets since 1998 have disenfranchised Main Street investors while funneling outsized gains to the largest players, contributing to the widening wealth divide in the U.S. Radivision will soon offer its members the ability ...more