Crowdfunding professionals and experts comment on SEC Rules for Title III

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

Partner, Ellenoff Grossman & Schole LLP; Chairman and Co-Founder of iDisclose

Doug-Headshot

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.

 

 

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Georgia Quinn CEO idisclose.com,

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.

 

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Game Changer
Tomorrow,  October 30, 2015 the SEC is expected to issue a final rule regarding crowdfunding. The rule could allow small companies to directly raise debt or equity capital from friends, family, and interested investors., a decision that’s been 3+ years in the making. It’s an exciting day for investors and entrepreneurs alike!
Scott Purcell's profile photo

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.

 

 Securities Processing Industry Entrepreneu Great Lakes Fund Solutions, Inc
Mark Lancaster's profile photo
October 30th, 2015 marks the biggest improvement in the retail investor’s access to alternative investments in the last 82 years.

The Securities Acts of 1933 and 1940 took necessary steps toward investor protection in the wake of the Depression, but more recent regulations such as Sarbanes Oxley have undermined the capital markets.  Now the JOBS Act and the follow-on regulatory rulings are creating and environment of enthusiasm that, if properly regulated, can provide a much needed boost to capital formation in the U.S.
Ron Miller's profile photo
Title III represents the greatest advancement for entreprenuership in a generation.   The single biggest barrier to bringing new innovations to the market is the difficulty of accessing capital.  Title III levels the playing field and will result in the creation of tens of thousands of high paying American jobs – exactly what Congress intended in passing the JOBS Act in the first place.
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Please send your thought and comment to philip@crowdfundbeat.com
As the SEC gets ready to disclose the final rules for Title III of the JOBS Act this Friday October 31, 2015

 

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