Tag Archives: Ontario

13 May

Is Ontario next? American Crowdfunding Rules Under Attack

By Russell MartelCrowdfunding for Shares

In response to delays and onerous rules proposed by the Securities and Exchange Commission, “SEC”, Congressman Patrick McHenry has proposed to repeal the Crowdfund Act, Title III of the Jobs Act. McHenry proposes to replace it with the Equity Crowdfunding Improvement Act of 2014, the “Improvement Act”. The Ontario Crowdfunding proposal is similar and just

14 Apr

Ontario shorts Crowdfunding shares!!

By Russell MartelCrowdfunding for Shares

There are two major drawbacks to the Ontario Crowdfunding proposal: resale of Crowdfunding shares are restricted; there is no marketplace for trading Crowdfunding shares of non-reporting issuers. Would you buy shares that are almost impossible to sell because they have an indefinite hold period?