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Salem, MA, Sept. 30, 2019 (GLOBE NEWSWIRE) -- MainVest has announced their recommendations to the SEC regarding changes to Regulation Crowdfunding in response to the SEC’s call for feedback. MainVest, a social investment platform and Regulation Crowdfunding Portal, utilizes these regulations to provide economic value to both entrepreneurs and the large portion of the U.S. populace that, before the JOBS Act of 2016, had no regulatory framework through which to engage in private company investment. MainVest is dedicated to empowering small business entrepreneurs and community members by improving pathways to capital, especially for previously underfunded groups. The goal of the comments, state co-founders Nick Mathews and Benjamin Blieden, is “to help further the dialogue on the differences between startup equity raises and debt raises and where we believe the regulations could be further improved to reflect the differences between these securities (risk profile, timeline to liquidity, historical financial requirements, etc.)” Key feedback includes:
MainVest is the only Regulation Crowdfunding portal focusing solely on hyperlocal, small business investment. Therefore, Mathews and Blieden believe that they have a unique perspective on the limitations and opportunities associated with Regulation Crowdfunding. They state:
“Working with small business owners and empowering them to access capital through Regulation Crowdfunding has been an incredible and eye-opening opportunity. We are passionate about creating economic opportunities in communities across the United States and are confident that these regulations are a powerful tool for economic growth. However, within the past year of MainVest’s operations, we have uncovered opportunities for improvement within the regulatory framework to better meet the needs of both investors and business owners, especially at a hyperlocal level.”
Further questions about MainVest and their recommendations to the SEC can be directed towards Nick Mathews, MainVest CEO. MainVest’s full comments can be found at https://www.sec.gov/comments/s7-08-19/s70819-6193357-192513.pdf
MainVest is a community investment platform and Regulation Crowdfunding portal that empowers communities and small business entrepreneurs by allowing everyday Americans to invest in the local businesses they care most about and share in their wealth and success. Through MainVest, individual community members invest in local businesses through financial instruments designed to align incentive and drive successful economic growth. This model encourages investors to become champions of the business, not just supporting it financially but frequenting it and inviting others to do the same. Over $1.4MM has been invested in local businesses on MainVest’s platform to date. MainVest is based in Salem, Massachusetts.
Nick Mathews MainVest (978) 815 6037 firstname.lastname@example.org