11/19/13

Summary of Title III

On October 23rd the SEC voted to propose rules under Title III of the JOBS Act. These rules will create an exemption under current securities laws to allow crowdfunding portals, like EquityNet, to offer and sell securities online. This will simplify fundraising for small businesses and startups by allowing them to raise capital from an enormous pool of investors. It will also provide a wide range of investment opportunities for both accredited and non-accredited investors. The proposed rules are currently undergoing a 90-day public comment period. After that, the SEC will take 30 days to evaluate the comments and set up another vote 15 days after their review period. We’ve provided a brief summary of the proposed rules below. Proposed Rules for Small Businesses and Startups

Proposed Rules for Investors

Proposed Rules for Crowdfunding Platforms Crowdfunding platforms are required to do the following:

Crowdfunding platforms are not permitted to:

The comment period for these proposed rules is currently in its second week. For a list of the comment made so far regarding Title III, click here. If you would like to add your own comment, click here. Author: Adam Vanderbush | Google +

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About the author

Adam Vanderbush

Adam leads EquityNet’s marketing strategy to maintain the Company’s leadership position and to significantly expand the market awareness of EquityNet. He is responsible for collaborating with the EquityNet team to improve and expand the Company’s web marketing presence and associated traffic, including paid advertising, organic search engine rank, social media, conversion rate optimization, and many factors of viral growth.

Comments

  1. This rule below will really be a turn off for small company’s that has been in business for several years , Does not anyone realize the cost for a audited statement and to continue a updated statement.
    ( Company’s financial statements with tax returns or findings from an audit conducted by a public accountant or auditor.)

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