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Tag: Securities and Exchange Commission (SEC)

WARNING: The Federal Exchange Act May Limit the Utility of State Crowdfunding Exemptions

Posted on May 17, 2015 by MBELR

Posted by Jeff Thomas and Malika Simmons Historically, federal and state securities laws have made equity crowdfunding extremely difficult in the United States.1 However, equity crowdfunding laws that create new exemptions from costly registration requirements have recently been passed in several states including Michigan, Kansas, Indiana, and Wisconsin.2 Several other states have similar legislation pending.3…

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