Tuesday, February 2, 2016

SEC Approves FINRA Equity Crowdfunding Portal Rules

On Friday, January 29, 2016, the Securities & Exchange commission approved the FINRA Crowdfunding Portal rules in preparation for the launch of Equity Crowdfunding in the United States on May 16,2016.

Georgia P. Quinn, the CEO and co-founder of iDisclose, an adaptive web-based application that enables entrepreneurs to prepare customized institutional grade private placement documents contributed an article @ Crowdfundinside.com.
"Crowdfunding Portals Prepare for Title III Retail Crowdfunding"
  • "Title III ... method for small companies to easily raise capital, ended up being 686 pages of (SEC )rules requiring both issuer and platform to adhere to strict standards." 
  • "Title II has no funding limit under Regulation D". 
  • "Title IV, a mini-IPO type offer, allows a company raise up to $50 million and once capital is raised may choose to list its shares on an exchange such as OTC Markets."
FINRA (website)  FUNDING PORTAL RULES 

FEDERAL REGISTRY
SEC Rules TITLE III of JOBSACT


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