SEC Approves FINRA’s Equity Crowdfunding Rules; Portals may now Submit Applications

by | Feb 13, 2016 | Crowdfunding

FINRA equity crowdfunding rules approved by SEC

FINRA equity crowdfunding rules approved by SEC

Registration now Open for Crowdfunding Portal Licenses

Equity crowdfunding took a step closer to becoming a reality in the U.S. when on January 29, 2016 the Securities and Exchange Commission (SEC) approved the rules of the Financial Industry Regulatory Authority (FINRA) governing crowdfunding portals.  Starting that date, companies running equity crowdfunding web platforms may submit applications to the SEC and FINRA to become registered crowdfunding portals.

The SEC’s final crowdfunding rules become effective on May 16, 2016, the date that registered portals may commence business.

Our sister site has posted an article discussing the FINRA rules in detail, which may be accessed here.