Crowdfunding Soared to $2.7 Billion in 2012, But Equity Funding Is Still On Ice
Asking strangers for money has never seemed cooler. With stars like Kirsten Bell and Charlie Kaufman attaching their names to successful crowdfunding projects, the stigma of soliciting donations online has largely been eliminated. And now we have the numbers to prove it. According to a new report from Massolution out today, individual donors pledged $2.7 billion to more than a million crowdfunding campaigns across the globe in 2012—an 81% increase from 2011. “There is an immense desire to want to support the aspirations of entrepreneurs and people who are pursuing causes,” says Carl Esposti, CEO of the research firm. (MORE: Why the Next Hit Video Game May Be Crowdfunded) But while crowdfunding is clearly on a roll, a key aspect of the person-to-person financing revolution has still failed to launch: equity crowdfunding, which allows backers to become bona fide investors, not just donors, in the projects they support. According to the study, just 4% of all crowdfunding dollars were ...
United States: SEC Secures Largest-Ever Settlement For Insider Trading Case - Barnes & Thornburg
Hedge fund advisory firm CR Intrinsic Investors, a unit of hedge fund SAC Capital Advisors LP, has agreed to pay more than $600 million to settle insider trading claims brought by the SEC.
Found 1 month ago on channel Mondaq
CVS CEO's Pay Jumps 44%
Total pay for CVS Caremark's chief executive and president, Larry Merlo, jumped 44% to $20.3 million last year, according to an SEC filing.
SEC Backs Facebook IPO Payout
TThe SEC approved Nasdaq's plan to pay customers as much as $62 million for losses stemming from last year's bungled Facebook stock-market debut, but the decision left open the door for Wall Street firms to take further legal action.
SEC approves Nasdaq's Facebook IPO payment plan
NEW YORK -- The Securities and Exchange Commission says it has approved a plan by the Nasdaq stock exchange to pay $62 million in reimbursements to investment firms that lost money because of technical problems during Facebook's initial public offering last year....