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SEC Approves New Class of Crowdfunding Investors

Posted 5:13 PM by

Last week, the Securities and Exchange Commission (SEC) approved Title III of the JOBS Act, allowing companies to offer and sell securities through crowdfunding, and allowing non-accredited investors to partake in the popular funding practice. The new rules are designed to assist start-ups with raising capital and provide investors with added protections. This sets the stage for even greater growth in the start-up community than was previously predicted.

“There is a great deal of enthusiasm in the marketplace for crowdfunding, and I believe these rules and proposed amendments provide smaller companies with innovative ways to raise capital and give investors the protections they need,” said SEC Chair Mary Jo White. “With these rules, the commission has completed all of the major rulemaking mandated under the JOBS Act.”

Read the SEC press release

About the Author
Tim DuVall is a partner in Katz, Sapper & Miller’s Business Advisory Group and partner-in-charge of the Life Sciences and Technology Industry Services Groups. Tim provides business, tax and accounting consulting services to a wide variety of industries. Connect with him on LinkedIn.

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