The International Crowd Funding Association (ICFA) has announced a merger with the National Crowd Funding Board.

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Wednesday, May 23rd 2012
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The International Crowd Funding Association (ICFA) has announced a merger with the National Crowd Funding Board. The combined organization 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 or regulations that will govern crowd funding.

(PRWEB) May 23, 2012

The International Crowd Funding Association (ICFA) has announced a merger with the National Crowd Funding Board. The combined organization 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 or 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. i The ICFA has technology partners, such as Sprowtt™ Inc. that 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. 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 allows a legitimate access to capital, while at the same time assuring that investor protection and compliance standards are met. The ICFA with its new domestic partnership of the National Crowd Funding Board expects that 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 Lfunding and not to “jump the gun” and confuse the public and potential investors

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