A recent blog post on TheCorporateCounsel.net corroborates our previous article that suggested crowdfunding rules would be proposed sometime this fall. However, the post also warns that the timeline for finalized Title III crowdfunding rules could stretch “well into 2014.” From the post…
As this Washington Post article notes, the SEC Staff has indicated that crowdfunding rules can be expected sometime this fall, however these would presumably be proposed rules, meaning that final rules could not be expected until well into 2014 at the earliest when you factor in the need for FINRA to also create a regulatory system for funding portals.
This actually doesn’t come as a surprise considering the mandatory public comment period within the SEC’s protocol, and we certainly expect the comment period for proposed Title III rules to be an interesting one. Plenty of interests with plenty to say. Stay tuned…