By John I. Sanders
Under the Jumpstart our Business Startups Acts of 2012 (the “JOBS Act”), the Securities and Exchange Commission (the “SEC”) adopted rules allowing for securities-based crowdfunding in 2015.[i] The JOBS Act required the SEC to adjust dollar limits placed on the amount that could be invested or raised through securities-based crowdfunding at least every five years to account for inflation.[ii] On April 5, 2017, the SEC issued a final rule adjusting those limits for the first time.[iii] We encourage those interested in issuing securities through a securities-based crowdfunding offering to review the final rule and call us with any questions you may have. John Sanders is an associate based out of the firm’s Winston-Salem office. [i] SEC, Release No. 33-9974 (Oct. 9, 2015), available at https://www.sec.gov/rules/final/2015/33-9974.pdf. [ii] Id. at 15. [iii] SEC, Release No.33-10332 (April 5, 2017), available at https://www.sec.gov/rules/final/2017/33-10332.pdf.
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