What is CFIRA?

The Crowdfund Intermediary Regulatory Advocates (CFIRA), in a Not-for-Profit 501(c)6, that was established following the signing of the JOBS Act in April 2012.

Why does CFIRA Matter?

CFIRA serves as industry advocates for the Crowd Investing ecosystem.  With over 100 Members that comprises of Funding Platfroms, Broker Dealers, Service Providers, Investors and Entrepreneuer, we are here to make a difference in the capital market.

What is the Legislation?

On April 5, 2012, President Barack Obama signed the Jumpstart Our Business Startups Act (JOBS Act) into legislation, to catalyze funding for emerging growth companies and job creation.

Why Become a Member?

Become a Member of CFIRA if you want to make a difference by helping to democratize the capital markets for the thousands of underfunded emerging companies and investors seeking to make investments.

CFIRA Commentary

Crowdfunding and Climate Innovation: The Next Steps are in Funding Impact Investing

SEC Crowdfunding Comment Letters

What is General Solicitation?

Summary of Intrastate Crowdfunding Exemptions

May CFIRA Educational Series: Crowdfunding Intermediaries


Regulation A+ and Testing the Waters

April 1, 2015, Author: Andrew Stephenson, Crowdcheck One of the most useful provisions of the Regulation A+ Rules issued by the SEC on May 25 is new Rule 255, “Solicitations of interest and…

CFIRA – Crowdfund Intermediary Regulatory Advocates

The Commission has another great opportunity in its rulemaking for crowdfunding. Crowdfunding holds the promise of harnessing the power of the internet to provide capital for start-ups and small businesses that otherwise lack access to such capital.
EC Commissioner Kara M. Stein addressed the North American Securities Administrators Association (NASAA) at their 2014 Public Policy conference in Washington, DC., April 8, 2014

Despite this significant progress, there is much that the SEC still needs to accomplish. Completing the rulemakings and studies mandated by Congress in the Dodd-Frank and JOBS Acts remains among my top priorities.
Chairman Mary Jo White, Securities and Exchange Commission, Testimony before the Subcommittee on Financial Services and General Government Committee on Appropriations, United States Senate, May 14, 2014