Tuesday, October 27, 2015

SEC to vote on Title III of the JOBS Act this Friday!

"Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Pub. L. 94-409, that the Securities and Exchange Commission will hold an Open Meeting on Friday, October 30, 2015 at 10:00 a.m., in the Auditorium, Room L-002. The subject matter of the Open Meeting will be:

The Commission will consider whether to adopt rules and forms related to the offer and sale of securities through crowdfunding under Section 4(a)(6) of the Securities Act of 1933, as mandated by Title III of the Jumpstart Our Business Startups Act. http://www.sec.gov/news/openmeetings/2015/ssamtg103015.htm "

Having said, in March, 2015 that the SEC wasn't going to do Title III, we changed our minds last week and declared that the SEC was going to approve Title III after all.

We think they will also announce new policies that allow them to move quickly when equity crowdfunding misconduct is identified.

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