Under the Securities Act of 1933, the offer and sale of securities must be registered unless an exemption from registration is available. Title III of the Jumpstart Our Business Startups (JOBS) Act of 2012 added Securities Act Section 4(a)(6) that provides an exemption from registration for certain crowdfunding transactions. In 2015, the Commission adopted Regulation Crowdfunding to implement the requirements of Title III. Under the rules, eligible companies will be allowed to raise capital using Regulation Crowdfunding starting May 16, 2016.
See also: Compliance and Disclosure Interpretations (“C&DIs”) of Regulation Crowdfunding by staff of the Division of Corporation Finance of the SEC.
Upcoming XBRL US Events
2026 Data Summit presented by the Data Foundation
Reporting Modernization Work Group Meeting
Domain Steering Committee Meeting
Structured Data Case Studies: Unlocking the Power of XBRL for Next-Generation Financial Analysis
Public Review for Version 30 of DQC Rules
Standard Government Reporting Work Group Meeting
Center for Data Quality Committee Meeting
