On October 30, 2015, the U.S. Securities and Exchange Commission (the “SEC”) adopted final rules under Title III of the Jumpstart Our Business Startups Act (the “JOBS Act”) permitting individuals to invest in U.S. companies via securities-based crowdfunding pursuant to Section 4(a)(6) of the U.S. Securities Act of 1933, as amended (the “Securities Act”) (“Regulation Crowdfunding”). The final rules and forms are effective 180 days after they are published in the Federal Register (i.e., approximately May 2016). The forms enabling internet funding portals to register with the SEC will be effective January 29, 2016. Regulation Crowdfunding is not available to non-U.S. companies.

View Update: http://us6.campaign-archive1.com/?u=ffc2638a0f18d7cae15bbc4e5&id=f92ac39418