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News: General

New Crowdfunding Rules Are Game-Changing

Monday, November 2, 2015   (0 Comments)
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From IndieWire:

Buckle your seat belts because there may soon be a wave of new indie films produced under relaxed government regulations.The Securities and Exchange Commission ("SEC"), after a long delay, has finally adopted rules to permit companies to offer and sell securities through crowdfunding. Several years overdue, the new Regulations for Crowdfunding are to implement the requirements of the Jumpstart Our Business Startups Act ("JOBS Act"), enacted on April 5, 2012…

The new crowdfunding rules and forms will be effective 180 days after they are published in the Federal Register. The forms enabling funding portals to register with the Commission will be effective Jan. 29, 2016. Companies relying on the crowdfunding exemption are required to file an annual report with the SEC and provide it to investors.

The SEC press release can be read here.You can download the complete rules here. Warning: they are 686 pages long.

- Read the full article at IndieWire.com

photo credit: LendingMemo.com


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