One Year After the SEC Capital Markets Subcommittee Hearing: Investor Protection Is Still the Missing Piece

Pierce Leonard Pierce Leonard
Posted at Apr 7

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

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2025 Regulated Investment Crowdfunding Summit - Detailed Agenda

CfPA 2025 Summit
Posted at 9/3/2025

 

2025 Regulated Investment Crowdfunding Summit

“Shaping the Future of Capital Formation”
October 21–22, 2025 · National Union Building · Washington, DC
Missed the event? Watch the replay on Youtube

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

10:00 AM – 5:30 PM
Advocacy Meetings
Capitol Hill & regulator visits. CfPA members registered for the Summit may be eligible to attend some meetings.
5:30 – 7:30 PM
Cocktail Reception
National Union Building · 918 F St NW · Washin
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Categories: Accounting  |  Blockchain & Crypto  |  Community Development  |  Featured  |  Funding Portals  |  Impact Investing  |  Insurance  |  Intrastate  |  Investor Education  |  Issuer Education  |  Law & Legal  |  Real Estate  |  Reg A+  |  Reg CF  |  Regulations & Compliance  |  Tax Issues
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25 Reasons to Invest Through Regulated Investment Crowdfunding for Social Impact

Devin Thorpe Devin Thorpe
Posted at 6/4/2025

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:

  1. Democratization of Capital
    Reg CF breaks down barriers that historically excluded all but the wealthy from investing in private ventures.

  2. 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.

  3. Rooted in Community
    Reg CF enables investment in local businesses a

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Categories: Community Development  |  Funding Portals  |  Impact Investing  |  Investor Education  |  Issuer Education  |  Law & Legal  |  Reg A+  |  Reg CF  |  Regulations & Compliance
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Why I love Crowdfunding Portals

Devin Thorpe Devin Thorpe
Posted at 5/30/2025

I love regulated investment crowdfunding and the portals that participate in the space. I’ve got gripes and complaints, but overall, I’m their biggest fan. They are fundamentally essential to the ongoing success of the industry—and its future growth.

Today, I’d like to enumerate some of my favorite things about portals operating under Regulation Crowdfunding:

9 Things I Love About Portals

  1. Pre-Screening Investments: We all rely on portals to screen the offerings they host. They all use different criteria, but they are all required to exclude companies associated with “bad actors”—people who have been in trouble with the SEC in the past.

  2. Regulatory Compliance: Having run a FINRA-member, SEC-registered broker-dealer, I know how hard it is to comply with the regulations. That is a big reason I don’t run a portal today! I’m grateful that they have made the effort to comply with the rules. These sometimes impose on us minor inconveniences, but the net effect is a safe and

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Categories: Community Development  |  Funding Portals  |  Impact Investing  |  Law & Legal  |  Reg CF  |  Regulations & Compliance
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