December 17, 2013

On October 23, 2013, the SEC voted unanimously to publish for public comment rules that would permit startups and small businesses to publicly raise capital by offering and selling unregistered securities through crowdfunding. The proposed crowdfunding rules represent a significant shift in how companies are permitted to raise capital. The cost of complying with current federal and state securities laws has effectively made the use of crowdfunding unavailable to start-ups and small business when seeking investors.

To read the full Alert, click here.