SEC Adopts Crowdfunding Rules
On October 30, the SEC voted 3-1 to adopt final rules to permit eligible companies to offer and sell securities through crowdfunding—a relatively new and evolving Internet-based method of raising capital through limited investments from a broad group of investors. The culmination of an extensive two-year rulemaking process, Regulation Crowdfunding attempts to achieve a balance between creating a viable crowdfunding model for startups and small businesses while providing adequate protections for investors. It is the last of the SEC’s significant rulemakings under the 2012 JOBS Act.
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