By Jonathan B. Wilson CrowdFundBeat Sr. Guest Editor, Partner, Taylor English Duma LLP copyright all right reserved The Securities and Exchange Commission is meeting today to consider whether to adopt final rules that would allow the offer and sale of securities through crowdfunding. The recommended rules would give small businesses an additional avenue to raise capital and provide investors with important protections. If adopted, this would complete the Commission’s major rulemaking mandated under the JOBS Act. Highlights of the Recommended Final Rules The recommended rules would, among other things, enable individuals to purchase securities in crowdfunding offerings subject to certain limits, require companies to disclose certain information about their business and securities offering, and create a regulatory framework for the intermediaries facilitating crowdfunding transactions. More specifically, the recommended rules would: · Permit a company to raise a maximum aggregate amount of $1 million through crowdfunding offerings in a 12-month period; · Permit individual investors, over a 12-month period, to invest in the aggregate across all crowdfunding offerings up to: If either their annual income or net worth is less than $100,000 than the greater of: § $2,000 or § 5 percent of the lesser of their annual income or […]
What’s Next Ahead for JOBS Act Title III ? Highlights Final Rules : CrowdFund Beat .