June 7, 2016

An In Depth Q&A on the SEC’s Equity Crowdfunding Rules With Bankless Times

Bankless Times is one of my favorite online publications. I did an in-depth interview with them on some of the lesser-known provisions from the 686 pages of SEC rules just released for Title III equity crowdfunding. A few highlights, followed by the link: “There are 686 pages of SEC rules for this nine-page law, so you can imagine there are some hidden gems in there. The good news is, the SEC took away the audit requirement for first time users of the law, so now anyone using equity crowdfunding to raise from $100,000 to $1 million only needs “reviewed” financials, which is far less costly.” “For people who think this will be just like pre-selling a new smart watch on Kickstarter, they will have some surprises coming. Equity crowdfunding involves the sale of securities. There are state and federal laws to comply with, and bad things can happen to people who […]
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