1. How common is specific crowdfunding regulation around the world? Which countries have successfully introduced crowdfunding regulation that has facilitated market development? Which countries have been less successful with the introduction of crowdfunding regulation? What are some of the factors that comprise a successful regulatory system for crowdfunding versus an unsuccessful system? Among successful systems, are there nevertheless areas of potential improvement in regulatory design?
2. How common is fraud in crowdfunding markets? How common is fraud amongst firms listed on stock exchanges? What accounts for differences in rates of fraud in different types of markets for raising capital? What affects fraud in crowdfunding? Explain why with reference to theory and evidence. What tools might be used to better detect fraud in crowdfunding?
3. Does equity crowdfunding in some ways impede follow-on finance? Explain with reference to theory and evidence. Is your answer different for different types of follow-on finance?
4. In which countries around the world are fintech ventures financed by venture capitalists more common? In which countries has the growth in the number of fintech ventures been more common since the global financial crisis? Explain why, with reference to theory and evidence.
5. Why do we need cryptocurrencies? Are cryptocurrencies a security for the purposes of securities regulation? Why or why not? Explain, with reference to different types of cryptocurrencies and the ongoing regulatory debate.
6. What types of crowdfunding regulation are most desired by entrepreneurs vs investor vs portals: limits on investment, limits on capital raising, education, redemption rights, advertising, trials, time period restrictions, other? What do your answers imply about the race-to-the-top or race-to-the-bottom in crowdfunding regulation?
