SEC/CORPORATE -

Crowdfunding Portals Can Now Register With the SEC -

As discussed in the November 6, 2015 edition of the Corporate and Financial Weekly Digest, on October 30, 2015, the Securities and Exchange Commission adopted “Regulation Crowdfunding,” which consists of final rules that will enable eligible companies to raise up to $1 million in capital in any 12-month period by offering securities through SEC registered intermediaries, including online “funding portals,” in crowdfunding transactions on the Internet. Regulation Crowdfunding will be effective on May 16; however, the forms enabling funding portals to register with the SEC became effective on January 29.