By Philip Chen CrowdFundBeat Editor,
As the SEC gets ready to disclose the final rules for Title III of the JOBS Act this Friday, October 30th 2015,
here is some comment fromCrowdfunding professionals and expert
While folks continue to debate the wisdom and value of Title III, as if it wasn’t already the law, I look forward to the successful implementation of the new rule on Friday and see it fulfill its mission of facilitating capital formation and job growth. Many new initiatives are met with skepticism and concern and now it is time for crowdfunding industry participants to responsibly build out the industry by professionally diligencing deals, vetting investors and recognizing that crowdfunding isn’t a novelty but a securities transaction that requires serious commitment to process and investor education. I want to look back 5 years from now and have crowdfunding of securities be no more of a discussion than eTrade and online trading is now.
From a securities law perspective, this is nothing short of revolutionary, and I am happy to be a part of it. It is now up to us to make the regulations work for small business.
These new rules are the most exciting event in decades, as investors will now be able to help small businesses get the equity and debt capital they need to grow and create jobs. The economic impact will be extraordinary.