Regulation Crowdfunding Becomes Effective and the SEC Releases Related C&DIs
On May 16, 2016, Regulation Crowdfunding became effective. Ahead of this effective date on May 13, 2016, the U.S. Securities and Exchange Commission (the “SEC”) released a new set of Regulation Crowdfunding Compliance and Disclosure Interpretations (“C&DIs”) addressing, among other topics, public communications, investment limitations and balance sheet disclosures for recently formed issuers.