As reported last month, Texas is another state that is marching towards having their very own intrastate equity crowdfunding exemption. As the final rules for Title III retail crowdfunding continue to be delayed, Texas has moved a step closer by publishing their proposed rules in the Texas Register. Comments on the proposal should be submitted now and close 30 days after the rules have been published (May 9).
It is being reported that the Texas State House Committee on Investments and Financial Services will hold a hearing this Wednesday, May 21st, to discuss the proposed regulations.
The proposed rules are embedded below:
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