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After more than a year of delay, the Securities and Exchange Commission has unanimously approved a proposal of crowdfunding rules to the Jumpstart Our Business Startups (JOBS) Act. The 538-page proposal marks a significant step toward regulating businesses that fund their ventures online.
The public has 90 days to comment on the proposed rules. It could be at least another six months before the agency issues final rules.
Here's a summary of the most significant proposed rules:
These are just a few of the proposed crowdfunding rules. For more guidance on how the rules may affect your business' crowdfunding efforts, you may want to consult with an experienced securities lawyer in your area.
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