Federal Crowdfunding Goes into Effect on May 16, 2016
It is official—federal crowdfunding finally goes into effect on May 16, 2016. Title III of the JOBS Act, also referred to as the “CROWDFUND Act (Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012),” exempts up to $1 million crowdfunded securities from the federal registration requirement when the transaction is conducted through an intermediary that is either…