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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Equity Crowdfunding in the District of Columbia 7/22 at 6:30 pm

Equity Crowdfunding in the District of Columbia According to recent news reports, "D.C. regulators are drawing up a proposed framework that would allow District startups to take advantage of equity crowdfunding from District investors, following a growing number of states which have passed similar measures in recent months. D.C.'s Department of Insurance, Securities and Banking (DISB) is preparing to publish a proposed rule that would give companies within the city “an alternative to existing methods of raising capital,” the agency said in a statement to the Washington Business Journal. That proposal, according to DISB, “is similar to those that are being developed in other states and the SEC’s proposed crowdfunding regulations.” We will describe state-level equity based crowdfunding, discuss specific crowdfunding campaigns and announce a new initiative. https://equitycrowdfundingdc.eventbrite.com

Crowdfunding Now!

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