FINRA Issues Crowdfunding Portal Proposals

On October 25, 2013, FINRA announced the release a set of proposed funding portal rules and forms for equity crowdfunding.   Funding portals that engage in crowdfunding on behalf of issuers relying on the JOBS Act’s crowdfunding exemption must register with the SEC and become a member of a national securities association.

FINRA’s proposals consist of rules and related

Regulation Crowdfunding

The Securities and Exchange Commission (“SEC”) recently published its new rules for equity crowdfunding offerings, called “Regulation Crowdfunding,” or “Reg CF” for short.  The rules have yet to be finalized, and the Commission is currently asking for public comment on the 585-page document.  Ever since the JOBS Act was signed into law in April 2012, market participants and observers have anticipated the release of the SEC’s new rules.