Tracking State Crowdfunding Regulations

Morrison & Foerster LLP - JOBS Act
Contact

With the effectiveness of Regulation Crowdfunding in May 2016 and amended Securities Act Rule 147 and new Securities Act Rule 147A in April 2017, there has been increasing interest in intrastate crowdfunded offerings. The SEC also recently issued C&DIs on new Rule 147A in April 2017 that clarified that (1) offers and sales made in reliance on new Rule 147A will not be integrated with prior offers and sales of securities, including offers and sales made in reliance on amended Securities Act Rule 147, and (2) issuers must still comply with all applicable state securities law requirements. However, state crowdfunding regulations are not all identical and many have significant differences.

Please see full Chart below for more information.

LOADING PDF: If there are any problems, click here to download the file.

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.

© Morrison & Foerster LLP - JOBS Act | Attorney Advertising

Written by:

Morrison & Foerster LLP - JOBS Act
Contact
more
less

Morrison & Foerster LLP - JOBS Act on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.