The US Securities and Exchange Commission (SEC) recently announced changes to Regulation Crowdfunding (Reg CF) meant to increase the usefulness of crowdfunding as a fundraising medium for small businesses. The changes, expected to go into effect in early 2021, include: Increasing the maximum amount companies can raise from $1.07M to $5M (inflation adjusted). Amending the…
The SEC has announced a temporary modification to existing rules governing equity crowdfunding. The SEC’s release is reproduced here in its entirety. Please contact us with questions regarding compliance with Regulation CF. FOR IMMEDIATE RELEASE 2020-101 Washington D.C., May 4, 2020 — The Securities and Exchange Commission today announced that it is providing temporary, conditional…
After a years-long deliberative process, the SEC finally voted in October of 2015 to approve rules that will govern equity crowdfunding with general solicitation through registered funding portal or broker-dealer intermediaries. The provision of the Jumpstart Our Business Startups Act (AKA the JOBS Act Title III) allowing investment funds to be raised online took effect…
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