Law Blog Category: Section 304
FINRA Seeks Public Comment in Advance of Crowdfunding Rulemaking
July 10, 2012 in Broker-Dealer, Crowdfunding, FINRA, Funding Portals, JOBS ACT, JOBS ACT and Crowdfunding, Section 304, Securities Attorneys
The Financial Industry Regulatory Authority (FINRA) has requested public comment and input in advance of preparing and publishing proposed rules related to the Crowdfunding Act. The scope of the FINRA rules will be written specifically for registered funding portals and although they will need to be complementary to the SEC rules, it is intended that they not be duplicative. FINRA has set August 31, 2012 as the deadline for receiving comments.
Crowdfunding Intermediaries-Questions
June 05, 2012 in Crowdfunding, FINRA, Funding Portals, JOBS ACT, JOBS ACT and Crowdfunding, SEC Rule 15c2-11, Section 304, Securities Attorneys
On April 5, 2012 President Obama signed the JOBS Act into law. Part of the JOBS Act is the Crowdfunding Act, the full title of which is the “Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012”.