SEC Proposes Rules for Crowdfunding Intermediaries
The Securities and Exchange Commission recently proposed rules under the JOBS Act that would permit certain private issuers to raise investment capital through crowdfunding over the internet through new intermediaries called “funding portals” and through registered broker-dealers. This memorandum provides an overview of the proposed regulatory scheme for funding portals and broker-dealers acting as crowdfunding intermediaries.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post