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SEC APPROVES NEW CROWDFUNDING RULES

Posted in Corporate Finance, FDIC Related Issues

On October 30, 2015, the Securities and Exchange Commission (“SEC”) adopted final crowdfunding rules to implement Title III of the bipartisan Jumpstart Our Business Startups Act (“JOBS Act”). An alternative to traditional financing, “crowdfunding” involves soliciting small monetary contributions from a large number of people, typically through the internet. Previously, crowdfunding platforms violated the Securities… Continue Reading