Funding Portals

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 more about FINRA's Oversight of Funding Portals

Registration Requirements

Register as a New Funding Portal

Learn the standards and guidelines for the funding portal membership application and registration process, including how to apply and what to expect after you apply.

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 Funding Portal - Continuing Membership Application, 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.

Annual Gross Income Assessment

Every year, funding portals must complete the Form Funding Portal - Statement of Revenue and pay Gross Income Assessment (GIA).

FINRA Funding Portal Registration Depository^™ (FPRD^®)

FINRA created and operates the FINRA Funding Portal Registration Depository^TM online electronic filing system to track funding portal registrations and information.

Written Supervisory Procedures Checklist

FINRA is providing the Written Supervisory Procedures Checklist as an optional guide to assist member firms in fulfilling their regulatory obligations. This tool is provided as a starting point and you must tailor this tool to reflect the size and needs of your firm. Using this tool does not guarantee compliance with or create any safe harbor with respect to FINRA rules, the federal securities laws or state laws, or other applicable federal or state regulatory requirements. This tool does not create any new legal or regulatory obligations for firms or other entities.

View the Written Supervisory Procedures Review Checklist

Funding Portals We Regulate

FINRA maintains a list of firms that are registered with the SEC as funding portals and are funding portal members of FINRA. 

View the list of Funding Portals