The SEC announced (see: https://www.sec.gov/news/openmeetings/2015/ssamtg103015.htm) that the Commission will hold an open meeting on Friday to consider the final crowdfunding rules, as well as to consider whether to propose amendments to Rule 147 (intrastate crowdfunding) and Rule 504.
As discussed in prior posts, the SEC has received a number of recommendations to modernize Rule 147 and Rule 504.
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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