Skip to Main Content
Our Commitment to Diversity

Joining the Crowd: SEC Adopts Final Crowdfunding Regulations - Part III - Intermediaries

Date: 22 January 2016
Investment Management Alert
By: C. Todd Gibson, Jessica L. Dickerson, Kenneth G. Juster, Michael W. McGrath


On October 30, the U.S. Securities and Exchange Commission (“SEC”) adopted final rules in the form of Regulation Crowdfunding to implement the securities-based crowdfunding exemption in Section 4(a)(6) of the Securities Act of 1933, as amended (“1933 Act”), as mandated by Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).[1]  Regulation Crowdfunding will become effective on May 16, 2016. The full text of the adopting release can be found here.

Part I of this three-part client alert, (available here) provided a general overview and summary of Regulation Crowdfunding.  Part II (available here) focused specifically on requirements imposed on issuers seeking to offer securities under the new rules.  This Part III will focus on the requirements imposed on intermediaries.

Although Regulation Crowdfunding will not become effective until May, Form Funding Portal, described below, will be effective on January 29, 2016.

Click here to read the full alert.

[1] Pub. L. No. 112-106, 126 Stat. 306 (2012).
C. Todd Gibson
C. Todd Gibson

This publication/newsletter is for informational purposes and does not contain or convey legal advice. The information herein should not be used or relied upon in regard to any particular facts or circumstances without first consulting a lawyer. Any views expressed herein are those of the author(s) and not necessarily those of the law firm's clients.

Return to top of page

Email Disclaimer

We welcome your email, but please understand that if you are not already a client of K&L Gates LLP, we cannot represent you until we confirm that doing so would not create a conflict of interest and is otherwise consistent with the policies of our firm. Accordingly, please do not include any confidential information until we verify that the firm is in a position to represent you and our engagement is confirmed in a letter. Prior to that time, there is no assurance that information you send us will be maintained as confidential. Thank you for your consideration.

Accept Cancel