In This Issue:

- Requirements and Obligations Governing Crowdfunding Offerings

- Regulation of Crowdfunding Portals

- Additional Notable Provisions of the Proposed Rules

- Next Steps

- For More Information

- Excerpt from Requirements and Obligations Governing Crowdfunding Offerings:

The proposed rules would implement that part of the Jumpstart Our Business Startups (JOBS) Act that addresses crowdfunding by providing an exemption from securities registration. Under the proposed rules, securities offerings made in reliance on the crowdfunding exemption would be subject to various requirements and limitations, including...