Ruth Simon and Angus Loten of the WSJ had a couple of really interesting articles last week, by way of tracking just how people are using the new accredited crowdfunding rule:
- Fundraising Rules Murky Despite JOBS Act; and
- Filings Show Some Firms Do Plan Ads.
By "accredited crowdfunding rule," I mean of course Rule 506(c), the new rule that lets issuers engage in general solicitation and general advertising, as long as all purchasers are accredited, the issuer takes reasonable steps to ensure each purchaser is accredited, and the issuer otherwise satisfies the applicable requirements of Reg D.
To read the original article: VC Experts |
