[sudo-discuss] SEC to propose monumental crowdfunding rules tomorrow

[Eddan Katz]

follow-up with links to resources:

The SEC has posted a video of this morning's meeting on its website, you can watch it here; the proposed rules have been uploaded to the SEC website, here.

This morning, the SEC unanimously voted to propose rules around equity crowdfunding. 

The proposed regulation will likely undergo a lengthy comment period, with commissioner Dan Gallagher saying there are 295 questions the SEC is seeking input on. The rules, which fill up nearly 600 pages, were published on the SEC website several hours after the meeting took place.

http://www.crowdsourcing.org/editorial/sec-proposes-rules-on-equity-crowdfunding-in-unanimous-vote/29008


On Oct 22, 2013, at 6:05 PM, Eddan Katz <eddan at clear.net> wrote:

> 
>>   E-mail
>> SEC to propose monumental crowdfunding rules on Wednesday 
>> By J.D. Harrison
>> It was supposed to take 270 days. Instead, it has taken about twice that long.
>> 
>> © 2013 The Washington Post Company | Privacy Policy
> 
> On Wednesday, though, federal regulators will come one step closer to allowing people to purchase equity in start-ups through new online “crowdfunding” marketplaces.
> 
> The Securities and Exchange Commission plans to formally propose rules on Wednesday authorizing companies to widely sell securities through the online portals, the agency announced late Monday. Currently, firms can offer equity crowdfunding deals only to accredited investors.
> 
> Once the proposed rules are issued, the five-member board plans to vote whether to move forward on them. If approved, the rules will enter into what is expected to be a lengthy comment period before they would take effect.
> 
> ....
> 
> 
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