Title III of the Jumpstart Our Business Startups (JOBS) Act, enacted in 2012, contains key provisions relating to securities offered or sold through crowdfunding. This page provides information and resources for crowdfunding intermediaries that, pursuant to Title III of the JOBS Act, the SEC’s Regulation Crowdfunding and FINRA’s rules for funding portals, register with the SEC as funding portals and become funding portal members of FINRA.
Funding portal members are subject to FINRA regulatory oversight and reporting requirements.
Learn the standards and guidelines for the funding portal membership application and registration process.
Update a Funding Portal's Registration
If your firm has a change of ownership or control as set forth in Funding Portal Rule 110(a)(4), you must notify FINRA of those changes by filing a continuing membership application for funding portals, known as Form FP-CMA, located in the Funding Portal Gateway.
Withdraw a Funding Portal's Registration
To withdraw your funding portal's registration with FINRA, you must update your Form Funding Portal through the SEC's EDGAR system. On your Form Funding Portal, check the box that indicates this is “a withdrawal of the funding portal’s registration with the SEC.” Withdrawing your registration with the SEC will trigger a request of withdrawal of your firm’s registration with FINRA.