Jobs Act 101Crowdfunding a Going Public Offering
The Securities and Exchange Commission (“SEC”) rules for crowdfunding remain unresolved, but 13 states have passed legislation allowing intrastate crowdfunding. The SEC as well as state securities regulators have provided meaningful guidance addressing intrastate crowdfunding.
And The Beat Goes On – Tennessee Adopts Crowdfunding
While the SEC (after 700 days) has not adopted its final equity crowdfunding regulations, Tennessee’s entrepreneurial efforts have moved forward. Tennessee’s new crowdfunding law known as “Invest Tennessee Exemption” became effective on January 1, 2015. The new law… Read More
Due Diligence in Accredited Crowdfunding Offerings
The Anti-Fraud Provisions That Apply to Accredited Crowdfunding Even though Accredited Crowdfunding Offerings are exempt under Rule 506(c) and no specific disclosure requirements apply, under most circumstances, the anti-fraud provisions mandate disclosure of certain information to investors. Section… Read More