Myles Harding, President of Inline Reference Check Joins National Crowdfunding Association of Canada Advisory Board

TORONTO, Jan 13, 2014 /CNW/ - The National Crowdfunding Association of Canada (NCFA Canada) today announced that Myles Harding, CEO/President of Inline Reference Check has joined the Association's Board of Advisors.

Myles Harding is the CEO/President of Inline Reference Check, the premier pre-employment screening and background checking company in Canada.  Formed in 1997, and with over 35,000 completed files, Inline Reference Check's veteran staff perform in depth, professional, reference, retention, exit interviews and due diligence at the highest level of service.  Inline Reference Check specializes in Reference Interviews, Criminal Record Checks, Credit Inquiries, Education Verification, and Employment Verification throughout North America.

While in its infancy, the growth and impact of equity crowdfunding is steadily advancing in Canada, the U.S. and many international jurisdictions, and is bound to have a significant impact on how small-to-midsize-businesses (SMEs) raise early rounds of seed and expansion capital resulting in a new pipeline of crowdfunded ventures.

On December 6, 2013, the Financial Consumer Affairs Authority (FCAA) approved Canada's first equity crowdfunding specific exemption in the province of Saskatchewan legally permitting SMEs the ability to raise small amounts of capital (up to $300,000 annually) from non-accredited investors via online equity crowdfunding portals. ^[1]

The Ontario Securities Commission (OSC) announced on December 4^th, that they will publish a proposed equity crowdfunding exemption including a framework for portal registration for public comment by the end of Q1-2014.^[2]

"Performing cost effective and appropriate levels of background checks and due diligence on equity crowdfunding transactions is key to ensuring a sustainable and robust industry long term, and we look forward to the valuable perspective that Inline Reference Check can provide NCFA Canada members in this regard" said Craig Asano, Executive Director, NCFA Canada.

"We believe that crowdfunding will have a transformational effect on the ability of emerging technology companies to grow their businesses, said Harding.  NCFA Canada is working tirelessly to build and nurture the crowdfunding community in Canada and Inline Reference Check is excited to be a part of that effort".

Myles Harding, President of Inline Reference Check Joins National Crowdfunding Association of Canada Advisory Board

About Inline Reference Check 

Based in Toronto, Inline Reference Check is Canada's most experienced background checking company. Inline enables knowledge-based companies to make better decisions about their workplace environment. Inline provides management with timely and actionable information sourced from reference and background checks as well as exit and retention interviews.  www.inlinereferencecheck.com.

About the National Crowdfunding Association of Canada

As Canada's crowdfunding advocate, NCFA Canada works closely with industry, government and academia to build support for Canada's rapidly growing Crowdfunding community by providing education, advocacy and networking opportunities to a national membership base of 600+ industry stakeholders, small businesses, and investors. NCFA Canada is community-based, membership-driven entity that was formed at a grass-roots level to fill a national need in the market place.  For more information please visit www.ncfacanada.org.

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[1] http://ncfacanada.org/equity-crowdfunding-available-in-saskatchewan/

[2] http://www.osc.gov.on.ca/en/NewsEvents_nr_20131204_osc-update-exempt-market-review.htm

Source: Inline Reference Check, NCFA Canada

SOURCE: National Crowdfunding Association of Canada (NCFA Canada)

Media Contacts: Craig Asano, Executive Director, NCFA Canada, p. [phone], e. [email protected]; Myles Harding, President/CEO, Inline Reference Check, p. [phone], e. [email protected]