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SEC Updates EDGAR to Accommodate Regulation Crowdfunding

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The SEC has released an updated draft EDGAR filer manual. According to the draft manual, EDGAR will be updated to include the following new submission form types required by Regulation Crowdfunding: C: Offering Statement C-W: Offering Statement Withdrawal C-U: Progress Update C-U-W: Progress Update Withdrawal C/A: Amendment to Offering Statement... Read More

Topics: Crowdfunding

SEC Finalizes Regulation Crowdfunding – Additional Funding Portal Requirements

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The United States Securities and Exchange Commission has issued final rules on Regulation Crowdfunding. This post analyzes the “Additional Funding Portal Requirements” and “Miscellaneous” sections of the SEC’s adopting release. Additional Funding Portal Requirements Registration Requirement Securities Act Section 4A(a)(1) requires that an intermediary facilitating a transaction made in reliance... Read More

Topics: Broker-Dealer, Crowdfunding, Public Companies and Securities

SEC Finalizes Regulation Crowdfunding — Intermediary Requirements

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The Securities and Exchange Commission issued final rules to implement the equity crowdfunding provisions under the JOBS Act on October 30, 2015, termed Regulation Crowdfunding.  This post analyzes the rules and requirements under Regulation Crowdfunding that apply to the intermediaries that facilitate the offerings. Intermediaries and Requirements Section 4(a)(6)(C) of... Read More

Topics: Broker-Dealer, Crowdfunding, Investment Advisers

SEC Finalizes Regulation Crowdfunding – Issuer Requirements

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The United States Securities and Exchange Commission has issued final rules on Regulation Crowdfunding. This post analyzes the “Issuer Requirements” section of the SEC’s adopting release. Issuer Requirements Offering Statement Disclosure Requirements The final rules under Regulation Crowdfunding create new Form C that issuers will use to file the required... Read More

Topics: Broker-Dealer, Crowdfunding, Investment Advisers

SEC Finalizes Regulation Crowdfunding — Capital Raising and Investment Limitations

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The United States Securities and Exchange Commission has issued final rules on Regulation Crowdfunding. The final rules and forms are effective 180 days after publication in the Federal Register, except provisions related to Form Funding Portal and the amendments to Form ID are effective January 29, 2016. This post summarizes... Read More

Topics: Broker-Dealer, Crowdfunding, Investment Advisers