CfPA Urges Department of Labor to Provide a Meaningful Fiduciary Safe Harbor for Alternative Assets in Retirement Plans

Crowdfunding Professional Association (CfPA)
Posted at May 27

WASHINGTON, D.C. – May 27, 2026

The Crowdfunding Professional Association (CfPA) announced that its public comment letter to the U.S. Department of Labor is now available on Regulations.gov, responding to the Department’s proposed rule, “Fiduciary Duties in Selecting Designated Investment Alternatives” (RIN 1210-AC38).

The proposed rule would clarify how ERISA’s duty of prudence applies when plan fiduciaries select designated investment alternatives for participant-directed retirement plans, including asset allocation funds that may include alternative assets.

CfPA commended the Department for advancing a process-based, asset-neutral framework that preserves fiduciary discretion while recognizing the evolving role of private-market investment opportunities. At the same time, CfPA urged the Department to make the proposed safe harbor more practical by adding objective criteria and documentation thresholds that fiduciaries can apply consistently.

“Expanding access to private markets shou...more

Categories: Investor Education  |  Reg A+  |  Reg CF
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On Reg CF’s 10th Anniversary, CfPA Says Buy Spirit Pledge Campaign Shows America Is Ready for Broader Public Ownership

Crowdfunding Professional Association (CfPA)
Posted at May 18

 
 

WASHINGTON, D.C. – May 18, 2026

Following the May 16, 2026, 10-year anniversary of Regulation Crowdfunding becoming available to U.S. issuers and investors, the Crowdfunding Professional Association (CfPA) today commented on the public attention surrounding the “Let’s Buy Spirit Air” campaign, a viral effort inviting everyday Americans to pledge support for a potential community-backed acquisition of Spirit Airlines.

CfPA is not endorsing the specific Buy Spirit campaign, any proposed transaction, or any securities offering. But CfPA strongly endorses the larger public impulse behind it: Americans want more ways to invest in, support, and share ownership in the businesses and institutions that matter to their communities.

“This moment is not just about one airline. It is about a broader shift in public expectations around ownership, participation, and access to private capital markets,” said Brian Belley, 2026 President of CfPA.

Regulation Crowdfunding, commonly

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Categories: Investor Education  |  Reg A+  |  Reg CF  |  Regulations & Compliance
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What Makes a Company a Good Candidate for Crowdfunding?

Crowdfund Holdings Innovators (CHI)
Posted at May 10

Not every company that needs capital is a good candidate for crowdfunding.

That is the first thing founders and executives should understand. Crowdfunding is not simply a financing transaction moved online. It is a public capital-raising campaign that requires a company to explain its business clearly, activate an audience, support investor diligence, comply with securities rules, and market the offering over a period of weeks or months.

The best candidates are not merely companies that want money. They are companies with leadership teams that can turn a financing need into a credible public campaign.

A strong crowdfunding candidate usually has five things: a clear story, a reachable audience or serious marketing plan, a concrete reason to raise now, the budget to run the campaign properly, and the discipline to manage ongoing compliance after the raise.

A clear and compelling story

A company does not need to be simple, but its public-facing story does need to be understandable.

Prospe...more

Categories: Community Development  |  Reg A+  |  Reg CF  |  Regulations & Compliance
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Progress happens when collaboration meets purpose

Crowdfunding Professional Association (CfPA)
Posted at May 8

Advancing the future of private capital formation.

The CfPA SEC Subcommittee engages directly with the Securities and Exchange Commission (SEC) on policy alignment, industry compliance, exempt offerings, and the evolving regulatory landscape surrounding crypto and digital assets.

By bringing industry voices to the table, CfPA continues to advocate for balanced regulation, market integrity, innovation, and expanded opportunities for investors and issuers alike.

Progress happens when collaboration meets purpose.

Join the CfPA as a member today and lend your voice to any number of the CfPA Committees or Subcommittees working to make a difference in the Regulated Investment Crowdfunding industry.   

 

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Categories: Reg A+  |  Reg CF  |  Regulations & Compliance
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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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Registration now open for the 2025 Regulated Investment Crowdfunding Summit!

CfPA 2025 Summit
Posted at 4/29/2025

Registration is NOW OPEN!
Join us for the 2025 Regulated Investment Crowdfunding Summit
October 21–22, 2025
Washington, DC

This is the must-attend event for anyone in the Reg CF and Reg A ecosystem.

Connect with industry leaders, policymakers, regulators, and innovators from across the public and private sectors. Hear from top thought leaders driving the future of regulated investment crowdfunding - and gain insights you won’t find anywhere else.

From policy to practice, this summit builds on the growing momentum of a rapidly evolving industry.

Register now to get the early bird rate and to secure your spot.

More details coming soon—but don’t wait!

Day 1 (10/21): Advocacy Visits - on the Hill and with Regulators

Day 2 (10/22): Conference  Summit

National Union Building

918 F St NW, Washington, DC 20004

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Categories: Reg A+  |  Reg CF  |  Regulations & Compliance
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