November 2015

Legal Update / 18.11.2015

The SEC adopted final rules, effective April 27, 2016, known as “Regulation Crowdfunding”, which greatly liberalize the manner by which companies privately raise money in small increments from a large number of investors, using the Internet. Regulation Crowdfunding also creates a regulatory framework for the intermediaries -- broker-dealers and funding portals --which will facilitate the online transactions.