"On the Horizon! Jobs-act Title III, FINRA Releases Proposed Funding Portal Rules," CrowdFund Beat
In an article published on October 13, 2015, Jonathan B. Wilson offers his opinion on the Financial Industry Regulatory Authority (FINRA)’s announcement to file with the Securities and Exchange Commission (SEC) a proposed rule change to adopt Funding Portal Rules.
Mr. Wilson emphasizes that “the proposed rules are part of FINRA’s effort to implement the crowdfunding provisions of Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).” He goes on to state that, “the amended Funding Portal Rules substantially lighten the regulatory burdens on prospective crowdfunding portals (or “Portals”) in comparison to FINRA’s initial set of proposed rules.” While the proposed rules are still brand new, Mr. Wilson believes that “FINRA’s approach…reflects a mature consideration of the issues and an intention to implement Regulation Crowdfunding in a streamlined and efficient manner.”
Learn more at CrowdFund Beat online.