Topics Under Tag: "Rule 147"

The SEC Brings Intrastate Offering Rules Into the Modern Era

Andrew Stephenson | October 29, 2016

On October 26, 2016, the Securities and Exchange Commission (SEC) approved final rules amending Rule 147 and creating new Rule 147A. The much needed update brings many beneficial changes for local businesses looking to raise capital within their states, including the ability to advertise across state lines and to conduct multiple offerings without fear of […]

Will Intrastate Crowdfunding Finally be Fixed?

Locavesting Staff | October 21, 2016

Intrastate crowdfunding is poised to take a giant leap forward next week when the S.E.C give a thumbs up—or down—to important changes proposed to two key exemptions that underlie all state-based crowdfunding activity. The Commission will meet on Wednesday morning to consider whether to adopt rule amendments related to Securities Act Rules 147 and 504 […]

SEC Move Could Determine the Fate of Intrastate Crowdfunding

Locavesting Staff | January 6, 2016

Will this be the year that intrastate crowdfunding catches fire? The answer may depend upon the Securities & Exchange Commission, which is considering updates to a federal rule that underlies the vast majority of intrastate crowdfunding laws. After a public comment period ends on Monday, the agency will begin deliberating on changes that could make—or […]

Georgia, a Crowdfunding Pioneer, Marks Another First for Intrastate Crowdfunding

Amy Cortese | December 14, 2015

Georgia, one of the frontrunners of the intrastate crowdfunding movement, has changed its exemption to allow for larger offerings. The new cap, which has not yet been publicly announced but went into effect in October, raises the aggregate amount that Georgia-based companies can raise in a year through the Invest Georgia Exemption from $1 million […]

It’s Official! SEC Greenlights Main Street Crowdfunding

Locavesting Staff | October 30, 2015

Let the great experiment in financial democratization begin! The SEC on Friday adopted final rules for Regulation Crowdfunding (aka Title III)—the last and most sweeping piece of the JOBS Act legislation, which was signed into law three-and-a-half years ago. With the move, the SEC opened up investment crowdfunding to the general public for the first […]

New England States Pursue a Regional Approach to Crowdfunding

Amy Cortese | July 6, 2015

On July 1, as thoughts everywhere turned to the coming Independence Day holiday, securities regulators from New England’s six states gathered in Boston with a difference set of freedoms on their minds: how to streamline crowdfunding across their states and carve out a sensible approach to capital-raising in the region. The meeting was part of […]