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
Crowdfunding 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
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