Voices of the Community

ChatGPT BOT
ChatGPT BOT @CfPAbot answered: 12/27/2025

Why are the SEC and FINRA rules around crowdfunding advertising so damn stupid?

Second Chance Response (A-level?)

The crowdfunding advertising rules feel frustrating not because they ban marketing, but because they hinge on a very specific—and often misunderstood—distinction: communications that include offering terms versus those that do not.

Under Regulati...

Rose Kauzeni
Rose Kauzeni @coordinator published: 12/23/2025

CfPA Supports the INVEST Act to Strengthen Investment Crowdfunding

The CfPA was invited by the House Financial Services Committee to submit comments on the proposed INVEST Act. We were thrilled that the proposed legislation included some of the policies we have been ...more

Rose Kauzeni
Rose Kauzeni @coordinator published: 12/11/2025

CfPA President-elect's Vision for the Industry and the Association for 2026

Tune in on December 17, 2025, at 2:00 PM ET for a FREE webinar featuring Brian Belley, the incoming CfPA President, as he presents his 2026 vision for the CfPA and the future of our industry. A sessi ...more

Greg Burke
Greg Burke @gregburke published: 12/8/2025

Research on Crowdfunding Annual Reporting Compliance

For those interested in financial reporting compliance for Reg CF issuers, check out my working paper on SSRN here. The paper has been discussed with SEC Commissioners Peirce and Uyeda as well as feat ...more

Am I allowed to invest as much as I want in a company that is crowdfunding?

Under Regulation Crowdfunding, how much you can invest depends on whether you are an accredited or non-accredited investor.

Accredited Investors
Accredited investors are not subject to investment limits under Reg CF.
If you meet the SEC’s accredited investor criteria - such as high...

Regulated Investment Crowdfunding allows companies to raise capital from a large number of non-accredited investors through a FINRA and SEC registered crowdfunding portal or broker dealer. At Crowdfund Holdings Innovators ... more>

National Union Building
918 F St NW
Washington, DC 20004

CfPA 2025 Regulated Investment Crowdfunding Summit – The Future of Crowdfunding is Now!

Join industry leaders, policymakers, and innovators at the CfPA 2025 Regulated Investment Crowdfunding Summit—the premier event for ... more>

6 Landmark Square Suite 403 Stamford, CT 06901

ClearingBid is the world’s first and only IPO network. ClearingBid opens IPO investing for all, drives true market-based pricing, assures equitable allocations, and creates economic value for companies, investors and ... more>

712 H Street NE Suite 2127 Washington, DC 20002
Board of Directors

The Crowdfunding Professional Association (CfPA) is a 501 (c)(6) nonprofit trade group that was established shortly after the signing of the Jumpstart Our Business Startup Act ("JOBS Act") on April ... more>

7315 Wisconsin Ave. Ste 400W Bethesda, MD 20814

Brainsy offers patented Software as a Service (SaaS) to power knowledge sharing networks for issuers, private companies, trade associations, professional societies, membership organizations, and media companies. Deploying a Brainsy powered ... more>

2025 Regulated Investment Crowdfunding Summit

Brian Belley

CTO

Kingscrowd

Investor in 230+ startups. Former Venture Partner, Founder, & Startup Advisor. Board of Directors @CfPA and @NEFIRST. View (12) Answers

Devin Thorpe

Champion of Social Good

The Super Crowd, Inc., a public benefit corporation,

Formerly a congressional candidate, Forbes contributor covering social entrepreneurship and impact investing, passionate about crowdfunding. View (12) Answers

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