Tagged: rule 504

SEC Proposes Raising Reg CF to $5 Million, Reg A+ to $75 Million, Adds Other Improvements to Security Exemptions

Jay Clayton 12.18.19

The Securities and Exchange Commission (SEC) proposed meaningful changes to multiple securities exemptions today. The pending rule change came following a closed meeting of the Commission without a public agenda. The proposals may dramatically impact platforms that facilitate online securities offerings and benefit smaller companies… Read More

SEC Adopts Modernized Intrastate “Crowdfunding” Rules:  A Time to Yawn?

Yawn Lion Tired Fatigue

On October 26, 2016, the SEC’s three Commissioners convened at their headquarters to adopt new rules intended to modernize what had historically been a little used path of raising capital for startups, early stage businesses and community-based enterprises: the so called intrastate exemption. It had… Read More

Here are the Final Rules for Changes in Rule 147 & Rule 504 Improving Intrastate Crowdfunding

SEC White Stein Piwowar

The Securities and Exchange Commission announced changes to Rule 147 and Rule 504 yesterday designed to improve the process in which businesses may sell securities within a state where they are based. These “intrastate” updates will impact the ability for issuing companies to crowdfund from… Read More

Fact Sheet: SEC Updates Instrastate Crowdfunding Rules 147 & 504

Mary Jo White at SEC 10.26.16

The Securities and Exchange Commission (SEC) voted to update Rules 147 and 504 today.  The regulatory changes will improve the environment for intrastate crowdfunding. Some in the industry believe that intrastate crowdfunding may do better than Title III/Reg CF as some states have crafted more… Read More

SEC Posts Agenda for Rule 147/504 Meeting Impacting Intrastate Crowdfunding

Mary Jo White

The Securities and Exchange Commission is out with their agenda for the open meeting taking place at SEC HQ tomorrow (October 26,2016).  At 10AM 11AM, the Commission will meet to discuss the Universal Proxy and Rules 147 and 504 that impact intrastate crowdfunding.  If you… Read More

Massive Rule 147 Amendments May Be On The Horizon Impacting Intrastate Crowdfunding

Change Ahead Sign Directions

Almost a year ago, the SEC proposed certain amendments to the current Rule 147 which were intended to help foster, and increase the viability of, Intrastate crowdfunding. While little has been heard about these amendments since their release (except from Intrastate proponents like me of… Read More

SEC Schedules Open Meeting on Rules 147 & 504 Impacting Intrastate Crowdfunding

Mary Jo White October 30 2015

The SEC has scheduled a meeting to consider proposed amendments related to Rules 147 and 504 – securities regulations that impact intrastate crowdfunding.  The meeting of the Commission is scheduled to commence at 10AM on Wednesday, October 26 at SEC HQ in Washington, DC. The… Read More

NASAA & Congress Agree on Intrastate Crowdfunding Rule Update

Mike Rothman

Last week, the North American Securities Administrators Association (NASAA) issued a statement in support of updating Rule 147 and Rule 504 of Reg D – rules that impact intrastate crowdfunding.  The statement by NASAA supported a letter sent out by several members of the Congress… Read More

SEC Proposed Rule Changes Impacting Intrastate Crowdfunding (Document)

SEC Blue

Embedded below are proposed amendments by the Securities and Exchange Commission regarding Rule 147 and Rule 504 of Regulation D.  These are federal securities rules that impact the 29 states and District of Columbia that have enacted forms of intrastate crowdfunding. The SEC is accepting… Read More

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