Rule 147 Exemption - Securities l Corporate l Business Law

SEC Issues Rule 147 Intrastate Crowdfunding Guidance – Posted by Brenda Hamilton

In October of last year, the Securities and Exchange Commission (“SEC”), adopted final rules (1) amending Rule 147, also known as Intrastate Crowdfunding and Rule 504 under the Securities Act of 1933, as amended (the “Securities Act”),  and… Read More

Crowdfunding a Texas Intrastate Offering

Securities Lawyer 101 Blog Texas is the latest state to embrace equity crowdfunding.  On October 22, 2014, the Texas State Securities Board approved proposed Rule 139.25, which exempts intrastate securities offerings using crowdfunding.  Rule 139.25 will become effective… Read More

Crowdfunding a Going Public Transaction

The Securities and Exchange Commission (“SEC”) rules for crowdfunding remain in limbo, but 12 states have passed legislation allowing intrastate crowdfunding.  The SEC as well as state securities regulators have provided meaningful guidance addressing intrastate crowdfunding.  One benefit… Read More