Crowdfunding: Not as simple as it looks

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Explore:  Crowdfunding JOBS Act SEC

In October, the Securities and Exchange Commission promulgated draft rules to implement “crowdfunding” in securities sales.

Release 33-9470’s length (almost 600 pages) suggests that the simple idea contained in the 2012 JOBS Act — that ordinary middle-class “Joe” should be able to purchase valuable shares of start-up companies, just like big boys do — is not so simple.

Originally published in Massachusetts Lawyers Weekly on December 2, 2013.

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Topics:  Crowdfunding, JOBS Act, SEC

Published In: General Business Updates, Communications & Media Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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