November 5, 2013 News

CLIENT ALERT - SEC Proposes Long-Awaited Crowdfunding Rules

The SEC has finally released its long anticipated set of proposed crowdfunding rules under the JOBS Act of 2012. The proposed rules are aimed at implementing a new exemption from registration under the Securities Act of 1933 for certain small offerings of securities made publicly over the internet to any type of investor, in which each investor invests only a small amount. The proposed rules are subject to a 90-day public comment period, and final rules would not take effect until sometime in 2014. To learn more about crowdfunding and the SEC’s proposed rules, please click here.