Takeaways from SEC Updates to Exempt Securities Offering Framework
Takeaways from SEC Release that Harmonizes Exempt Securities Offering Framework
What is securities-based crowdfunding?
Crowdfunding as a method to raise capital is nothing new. For example, the Statue of Liberty was, in part, funded by the crowd. But the history of crowdfunding goes back much further than that. What is (relatively-speaking) new is technology
What is rewards-based crowdfunding?
Rewards-based crowdfunding is perhaps the most recognizable type of crowdfunding. This is due in large part to the success of early movers in the space, like Kickstarter and Indiegogo. Like most crowdfunding campaigns, rewards-based campaigns typically involve small dollar contributions
What is donation-based crowdfunding?
A donation-based crowdfunding campaign is one in which there is no expected tangible or financial return to the donor or capital contributor. Many people routinely donate to charities and nonprofits online or other online fundraising campaigns that assist victims of
What is a security?
A “security” generally refers to a financial instrument or an interest in a financial asset issued by another – typically a company. This can take the form of an equity (e.g., a residual or profit sharing) interest in a company