SEC Equity Crowdfunding Rulemaking: Where Things Stand

As I noted in the Washington Post, in about six to nine months, the Securities and Exchange Commission will put forward rules that will govern how companies can raise equity capital using crowdfunding. See: http://www.washingtonpost.com/business/capitalbusiness/commentary-the-quest-for-crowdfunding-enters-a-complicated-but-critical-phase/2012/12/23/d15ef280-4939-11e2-ad54-580638ede391_story.html

My sources tell me that the SEC will lean heavily toward registered broker/dealers to take the lead, as evidenced by the fact that FINRA issued the first official regulatory paperwork related to Crowdfunding. http://crowdfundingnow.blogspot.com/2013/01/first-regulatory-paperwork-related-to.html

This has the added benefit that the JOBS Act gives several preferences to broker/dealers, as I note in my book: http://www.amazon.com/The-JOBS-Act-Crowdfunding-Businesses/dp/143024755X

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