Tag Archives: Section 3(a)11

State/Federal Crowdfunding Clash Averted

With several states now permitting equity crowdfunding within their borders, the question has arisen if using the Internet to solicit purchasers would run afoul of the federal securities laws? Sec. 3(a)(11) and Rule 147 of the Securities Act of 1933 … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, States | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

State Crowdfunding Exemptions – Useful or Useless?

Two states (Kansas and Georgia) now have “crowdfunding” regulatory exemptions and two states (Washington and North Carolina) are contemplating legislation. However, the ability to use the exemption, at least in GA, may be very restricted. GA’s statute (590-4-2-.08) exempts issuers … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Legislative Intent, SEC, States, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment