http://www.crowdfundinsider.com/2015/10/76317-final-rules-for-title-iii-retail-crowdfunding-to-be-announced-by-sec-this-friday/
The Securities and Exchange Commission(SEC) will reveal the final rules regarding Title III of the JOBS Act this Friday, October 3oth. The long-awaited regulations will mark the completion of the bi-partisan bill that was signed into law over three years ago.
Presently Title II accredited crowdfunding and Title IV Reg A+ , are the two crowdfunding exemptions issuers may utilize today. Title III retail crowdfunding may usher in a new generation of small firms in financed in part by many small, unaccredited investors.
The meeting at the SEC is open to the public. It is scheduled to take pace at 10:00 AM in the Auditorium Room (L-002). The proceedings are expected to be live-streamed on the SEC web site.
- 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.
- The Commission will consider whether to propose amendments to Securities Act Rule 147 and Rule 504.
The proposed rules have been viewed as problematic by many engaged in the investment crowdfunding industry. On Friday, we will discover if the SEC has addressed the most pressing concerns.