United States:
Just What Do the New SEC Crowdfunding Rules Say?
20 November 2015
Fox Rothschild LLP
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We’ve been following the Securities and Exchange
Commission’s (the "SEC") slow to develop rules
respecting crowdfunding for some time. Many people, including your
correspondent, wondered whether the SEC would ever issue final
rules. Well, on October 30, 2015, the SEC
actually adopted final rules under Title III of the Jumpstart Our
Business Startups Act (the "JOBS Act"). Among other
things, the JOBS Act permits companies seeking to raise capital, or
"issuing companies", to sell securities to investors
through crowdfunding. Over at the Emerging Companies Insider blog, our colleagues
JR Lanis and Michael Hart have prepared a brief but comprehensive overview of what
companies, investors and others affected by the new crowdfunding
rules need to know. I highly recommend it.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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