Title

SEC Proposes Rules for Crowdfunding Intermediaries
Client Memorandum

Created date

11/18/2013
The Securities and Exchange Commission recently proposed rules under the JOBS Act that would permit certain private issuers to raise investment capital through crowdfunding over the internet through new intermediaries called "funding portals" and through registered broker-dealers. This memorandum provides an overview of the proposed regulatory scheme for funding portals and broker-dealers acting as crowdfunding intermediaries.