Tag Archives: crowdfunding

Crowdfunding Guidance Released by SEC

The Securities and Exchange Commission (“SEC”) has issued Compliance and Disclosure Interpretations (C&DIs) providing interpretive guidance on Regulation Crowdfunding, which became effective May 16. The C&DIs answer a number of questions relating to the crowdfunding exemption and its requirements, including disclosure requirements, advertising and promoter compensation in a crowdfunded offering. The SEC guidance clarifies that, … Continue reading Crowdfunding Guidance Released by SEC

FINRA Proposes Amendments to the Funding Portal Rules

The Financial Industry Regulatory Authority, Inc. (“FINRA”) has  filed with the Securities and Exchange Commission (“SEC”) a proposed rule change to adopt Funding Portal Rules 100, 110, 200, 300, 800, 900 and 1200 (collectively, the “Funding Portal Rules”) and related forms. In addition, as part of the proposed rule change, FINRA proposes to adopt new … Continue reading FINRA Proposes Amendments to the Funding Portal Rules

Comment Period Ends: FINRA’s Funding Portal Rules

The SEC requested comment on FINRA’s proposal to adopt Funding Portal Rules 100, 110, 200, 300, 800, 900 and 1200 (collectively, the “Funding Portal Rules”) and related forms that would apply to SEC-registered funding portals that become FINRA members pursuant to the JOBS Act and the SEC’s Regulation Crowdfunding. The proposal would also adopt new FINRA Rule 4518 (Notification to FINRA in Connection with the JOBS ACT) in the FINRA rulebook. The comment period expires November 18, 2015.

Final Crowdfunding Rules Adopted by the SEC

The Securities and Exchange Commission (SEC) has adopted final rules to permit companies to offer and sell securities through crowdfunding.  Crowdfunding is an evolving method of raising capital that has been used to raise funds through the Internet for a variety of projects.  Title III of the JOBS Act created a federal exemption under the … Continue reading Final Crowdfunding Rules Adopted by the SEC

SEC Comment Letter – JOBS Act – Crowdfunding

SEC Comment Letter – JOBS Act – Crowdfunding Set forth below are our comments related to Title III of the JOBS Act. The JOBS Act focused on increasing American job creation and economic growth, relying in part on provisions relating to securities offered or sold through “crowdfunding.” As a primary focus of The LeGaye Law … Continue reading SEC Comment Letter – JOBS Act – Crowdfunding

FINRA Comment Letter – Regulatory Notice 12-34 Crowdfunding

FINRA Comment Letter – Regulatory Notice 12-34 Crowdfunding The Financial Industry Regulatory Authority (FINRA) published Regulatory Notice 12-34 (Regulatory Notice) seeking comments on proposed regulation of Crowdfunding Activities by FINRA member firms. The comments requested are directly related to recently passed legislation, The Jumpstart Our Business Startups Act (JOBS Act). The JOBS Act focused on increasing … Continue reading FINRA Comment Letter – Regulatory Notice 12-34 Crowdfunding