Jobs Act 101SEC Censures Crowdfunding Website for Selling to US Investors
Securities Law Blog On November 12, 2014, the Securities and Exchange Commission (the “SEC”) censured Eureeca.com, a Cayman Islands-based crowdfunding website for its failure to implement procedures “reasonably designed” to prevent U.S. investors from using its funding portal… Read More
What Is Accredited Crowdfunding? – Go Public Lawyer
As of September 23, 2013, the JOBS Act has permitted general solicitation and advertising in Rule 506 private placements. While equity crowdfunding is not yet legal, both the SEC and FINRA have proposed rules for equity crowdfunding. This has… 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
Crowdfunding for Private Companies – Crowdfunding Lawyers
Sometimes, a private company seeking to raise capital may not want to go public. In such circumstances, the company should consider an exempt offering. Even though the SEC has not created the final rules for equity crowdfunding, intrastate… Read More
Crowdfunding Platforms to Watch in 2015
It has been more than a year and the SEC has not finalized its rules with respect to equity crowdfunding under the Title III of the JOBS Act which would allow an issuer to raise up to $1… Read More