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
Standard Government Reporting Work Group Meeting
AI Meets Auditing: Build Smarter Accounting Estimates with Multi-Agent LLMs
Reporting Modernization Work Group Meeting
Communications & Services Steering Committee Meeting
Domain Steering Committee Meeting
States Step In: Corporate Climate Reporting
AI and Structured Data Forum: Optimizing Performance
