Is crowdfunding legal?
Startup Company Lawyer
MAY 26, 2012
On April 23, 2012, the SEC published guidance reminding issuers that “any offers or sale of securities purporting to rely on the crowdfunding exemption would be unlawful under federal securities laws” until the SEC adopts new rules. Crowdfunding Prior to the JOBS Act. Crowdfunding is not a new concept.
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