The final rules for Title III of the JOBS Act that legalize a new securities exemption allowing retail investors to participate in equity crowdfunded offers has hit the pages of the Federal Register. According to the SEC, 180 days after publishing issuers may utilize the new rules. The publish date is November 16th so we are looking at mid-May (14th) of 2016.
While not perfect, many industry followers view the rules as workable. There is Congressional movement to address some of the shortcomings such as the inability to utilize SPVs – a move that may make the exemption less risky for smaller investors and more acceptable for companies with strong prospects.