Toronto, Ontario–(Newsfile Corp. – August 13, 2013) – BoardSuite (www.boardsuite.co) announced today it has become part of Crowdfunding Infrastructure Platform (CFIP) for the USA Crowdfunding. The Crowdfunding Infrastructure Platform (CFIP) is a cost-effective best-of-class, cloud-based tools and processes to seamlessly handle the full spectrum of Title II transactional elements. The platform also provides post-transactional Issuer governance and compliance requirements. CFIP is a seamless back office that helps broker dealers and crowdfunding portals with PRE-DURING-POST transaction. “As I have repeatedly observed about the sale of securities through funding portals is that there inevitably will be lower cost technology based solutions created to replace conventional means of conducting similar business practices, and not only will these solutions achieve the same results but in many cases exceed them- its just happening sooner and better than what I had envisioned.” said Douglas Ellenoff of Ellenoff Grossman & Schole LLP. With an estimated 6 million accredited investors in the U.S. alone, the opportunity presented by Title II of the JOBS Act is very large. However, the legal and regulatory risk to Portals, Broker Dealers and Issuers is equally large. Properly managing this risk requires a new type of integrated scalable technology and services platform. “Having […]
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