by: Susan Wong
The SEC has issued a public reminder that while the JOBS Act has been signed into law, the crowdfunding exemption provided in Title III of the Act is not available for use until the required regulations have been adopted by the SEC. Pursuant to the JOBS Act, the SEC was directed to adopt these measures by December 31, 2012, and the SEC has begun to collect public comments toward this end. Initial proposed regulations have not yet been made available for public review and comment.
For more information regarding this Alert, other provisions of the JOBS Act or crowdfunding initiatives, contact John McIlvery, Group Chair of SAM’s Public Securities practice area at 818.444.4502 or firstname.lastname@example.org.