(PRWEB) May 24, 2012
The International Crowd Funding Association ("ICFA") announces that "over compliance" has arrived. The IFCA will present a strong voice within the crowd funding industry promoting regulatory compliance, transparency, and sound business practices. Presently the ICFA is monitoring and developing comments for consideration by the SEC for the proposed rules and regulations that will govern crowd funding.
The ICFA believes that the numerous crowd funding sites that have been established may have led to much confusion in the industry. The ICFA, working closely with its technology partners, including Sprowtt™ Inc., have developed a very sophisticated regulatory compliance platform. This platform is not limited to crowd funding, but also provides compliance for public offerings.
The ICFA is holding its first annual meeting at the Ravella Hotel in Lake Las Vegas, Henderson Nevada on May 24th beginning at 8: 00 PM in the Presidential Suite. Attending are CEO Space Chairman Berny Dohrmann, Adam Markel Chairman CEO of Peak Potential the largest business training firm in the world, Bill Walsh Chairman of Rainmakers a close second to Peak Potentials in size, Aaron Young Chairman of Laughlin USA the oldest largest incorporating Company in the world, Paula Fellingham of the Woman’s Information Network (Win is the largest Woman organization in the world) and other esteemed guests. Over ten lawyers from the securities industry have confirmed their participating in the meeting. Collectively this leadership body represents the full breadth of the developing two billion dollar 2013 developing industry.
The ICFA seeks to become a the preeminent institution guiding small businesses and investors to achieve full SEC and regulatory compliance. The ICFA believes that every American business deserves a system that provides a systematic process to access capital in a legally compliant manner while protecting the nation's investors.
The ICFA expects other crowd funding associations will find it to their advantage to join with ICFA and create one united front that is led by industry professionals that together represent over 200 years of experience within the industry.
According to the ICFA founder, Mark Jones, there are well over 75 crowd funding sites and likely to be many more. Mr. Jones believes that the crowd funding industry will be aided enormously by the development and enforcement of professional standards of conduct by an organization like ICFA . Mr. Jones believes it is important to wait for the SEC and other regulators to issue the ultimate rules for crowd funding and not to “jump the gun” and confuse the public and potential investors.The International Crowd Funding Association Is not affiliated with the National Crowdfunding Association or any of its affiliates.